"2 Point Zero" Announces key appointments to lead the next phase of growth

ABU DHABI, 23 December 2019 / WAM / The Board of Directors of the 2 Point Zero Group PJSC (listed on the Abu Dhabi Securities Exchange under the symbol 2PointZero), which represents the new generation of major investment platforms focused on the energy and consumer products sectors, today announced major leadership elections and appointments that consolidate its strategic path and pave the way for a new phase of growth and enhancing the value achieved for shareholders in the long term.

During the General Assembly meeting held yesterday, His Highness Sheikh Zayed bin Hamdan bin Zayed Al Nahyan was elected Chairman of the Board of Directors, and Her Excellency Maryam bint Mohammed Al Muhairi was elected Vice Chairman of the Board of Directors.

The Board of Directors also announced the appointment of Her Excellency Maryam bint Mohammed Al Muhairi to the position of Managing Director, and the appointment of Ms. Samia Bouazza as CEO of the Group.

These appointments reflect the Board of Directors’ confidence in the capabilities of a qualified leadership team to expand “2Point Zero” as a global investment platform supported by artificial intelligence, focusing on the energy and consumer products sectors, and contributing to supporting the foundations of the new economy.

His Highness Sheikh Zayed bin Hamdan bin Zayed Al Nahyan, Chairman of the Board of Directors of the “2 Point Zero” Group, said: “In light of the strength of the economic foundations of the United Arab Emirates and its leading position on the global stage, the “2 Point Zero” Group is moving towards a new phase of international expansion, and the group is keen to invest in strategic sectors, including mining, energy and consumer products, which lays solid foundations towards achieving greater value in the long term, given the role of these sectors in providing resources and infrastructure that enhances the growth of the new generation of existing industries. On artificial intelligence.

His Highness added: “We adopt a disciplined approach based on constructive and long-term partnerships, to develop an integrated and globally expandable investment platform that achieves sustainable value for shareholders and consolidates the UAE’s position as a major hub in shaping the future of global industries.”

Her Excellency Maryam bint Mohammed Al Muhairi, Vice Chairman and Managing Director of 2 Point Zero Group, said: “The group was established to achieve an ambitious and clear goal, which is to build an investment platform that focuses on the requirements of the future, and possesses the size, flexibility and discipline necessary to achieve leadership within the new economic system. This ambition was quickly embodied in the establishment of a diversified investment group with a global presence, supported by an asset portfolio prepared to ensure the achievement of sustainable value in the long term.”

She added: “I am pleased to assume the position of Vice Chairman and Managing Director as the group enters a new phase of strategic growth. I extend my sincere thanks and appreciation to His Highness Sheikh Zayed bin Hamdan bin Zayed Al Nahyan, Chairman of the Board of Directors, for his vision, leadership and firm commitment to working to achieve the best value for shareholders. I also thank the members of the Board of Directors for their trust. We will continue to work together to implement our strategy that is based on disciplined growth and innovation, by integrating the latest artificial intelligence technologies.” In our operations and portfolio, which enhances the quality of decision-making and excellence of performance.”

For her part, Samia Bouazza, CEO and member of the Board of Directors at 2 Point Zero Group, said: “As the group enters this pivotal stage, we are establishing a strategic path in which we focus on expanding the scope of our international presence and giving greater momentum to employing artificial intelligence technologies within our operations. By committing to financial discipline, making optimal use of the capabilities of our investment platform, and targeting double-digit returns, we confirm our continued commitment to achieving sustainable and long-term value for our shareholders.”

She added: “I am honored to work with His Highness Sheikh Zayed bin Hamdan bin Zayed Al Nahyan, Chairman of the Board of Directors; Her Excellency Maryam bint Mohammed Al Muhairi, Vice Chairman of the Board of Directors, and all members of the Board to support the process of sustainable growth and consolidate the group’s position at the forefront of the new economic system.”

The Board of Directors, which was elected during the General Assembly meeting of 2 Point Zero, included the Chairman of the Board of Directors, His Highness Sheikh Zayed bin Hamdan bin Zayed Al Nahyan, and the Vice Chairman of the Board of Directors, His Excellency Maryam Mohammed Saeed Hareb Al Muhairi, His Excellency Muhammad Hassan Muhammad Hassan Al Suwaidi, His Excellency Maryam Eid Khamis Al Muhairi, Dr. Muhammad Sumer Nasouh Agliqin, Mrs. Sufiya Abdul Latif Al Asaki, Mr. Sayed Basr Shuaib Sayed Shuaib, and Mr. Richard Matthew Gerson, and Mrs. Samia Tawfiq Bouazza.

The Board of Directors approved the restructuring of the Investment Committee, the Audit Committee, and the Nominations and Remuneration Committee, in addition to approving the formation of the Internal Trading Committee. It also discussed a number of general topics related to the group’s activities and work.

The 2 Point Zero Group, a subsidiary of the International Holding Company (IHC), is a global investment platform active in the energy and consumer products sectors, with a combined asset base worth approximately 120 billion UAE dirhams, and a global presence in more than 85 countries.

Based on its focus on flexibility and long-term growth, the group has carefully built a balanced and diversified investment portfolio, strategically designed to achieve stable and consistent performance across different economic cycles.

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