"2 Point Zero" It intends to adopt a dividend policy framework starting in 2027

ABU DHABI, 17th November, 2017 (WAM) – The executive team of the “2 Point Zero” Group announced its intention to submit a proposal to adopt a new framework for the dividend distribution policy starting in 2027 before the group’s Board of Directors, after the completion of the strategic acquisition of the “Multiply” group, listed on the Abu Dhabi Securities Market under the name “Multiply”, of the two companies, “2 Point Zero Holding PJSC” and “Food Holding PJSC”, which are still subject to For the approval of the relevant regulatory authorities.

By merging Multiplay, 2 Point Zero, and Food Holding within a unified structure, a major listed company with assets amounting to 120 billion dirhams will be established, focusing on the energy and consumer sectors, and with its operations and activities extending across more than 85 countries, thus becoming one of the largest listed investment companies in Abu Dhabi, while the group maintains a balanced and diversified portfolio, prepared to achieve strong performance across various market cycles.

Samia Bouazza, CEO and General Manager of Multiplay Group, who will assume the position of CEO of 2 Point Zero Group, stressed the commitment to achieving growing, sustainable and long-term value for shareholders, pointing out that the company is keen, during 2026, to achieve a 35% growth in net income “excluding changes in fair value”, supported by stronger operational performance across its sectors and deepening integration within the group.

She added that a policy proposal for adopting a dividend distribution framework will be presented to the Board of Directors, ensuring that the company’s capital allocation framework achieves a rewarding return for shareholders, while supporting thoughtful and disciplined expansion.

She explained that the balance sheet represents a strategic advantage, with 10 billion dirhams in cash available at the group level, supported by positions in listed shares worth 31.5 billion dirhams, and a healthy debt-to-equity ratio of “0.25 x 1.” This gives the company the ability to achieve two things: proceed with large-scale global strategic acquisitions, and at the same time maintain regular and attractive distributions to shareholders.

Bouazza stressed that the “2 Point Zero” group will operate flexibly and with financing and operational capabilities that make it a global investment platform, stressing that the group will continue to invest capital where it achieves the highest value in the long term.

The adoption of the dividend policy framework reflects the group’s strength and strategic vision aimed at achieving sustainable growth and generating long-term value, by achieving a balance between stable returns and enabling reinvestment in sectors with high potential to achieve value in the long term.

2Point Zero Group will benefit from vertical integration, cross-sector integration, and operational excellence supported by artificial intelligence technologies, in addition to access to significant growth opportunities, enabling it to achieve outstanding performance and create value supported by artificial intelligence.

Upon completion of the deal and after obtaining the approval of the relevant regulatory authorities, the “2 Point Zero” group expects that the percentage of free shares available for trading will reach 39%, and this will significantly enhance the liquidity of the stock, expand the base of institutional investors, and support an increase in the relative weight of the stock among the most prominent global and local indices, including the “MSCI” index for emerging markets, the general index of the Abu Dhabi Securities Market, and the “FADX 15” index.

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