Home » IHC forms 2PointZero, an AED 100 billion holding company

IHC forms 2PointZero, an AED 100 billion holding company

by Madaline Dunn

Globally diversified Abu Dhabi-based conglomerate International Holding Company has announced the formation of a new holding company, 2PointZero, with an asset size expected to exceed AED 100 billion.

The IHC Board approved the initiation of the transfer of 2PointZero, a next-generation Holding Company comprising several diverse and dynamic companies, to IHC. The transfer, it was shared, will be completed after obtaining all regulatory approvals.

2PointZero spans a variety of industry verticals, including Private Equity and Alternative Investments, Venture Capital Operations, Credit/Asset Management, Financial Services (including Micro Financing and Insurance), Investment Banking, Securities Brokerage and Research, Artificial Intelligence (AI) and Technology, Mineral and Resource Management, Digital and Cryptocurrency Ecosystems and Mobility.

The constituent companies include Chimera Investments, Lunate, Beltone Holding, International Resources Holding (IRH), Sagasse Investments, and Citadel Technologies.

Commenting on the formation, IHC Chairman, Tahnoon bin Zayed Al Nahyan, said: “Today, we are proud to announce the formation of 2PointZero, a next generation holding company that stands at the forefront of pioneering advancements across multiple sectors. Embracing the future with open arms, 2PointZero is committed to having a transformative impact globally. Our dedication to Technology and Artificial Intelligence (AI) is evident in our commitment to developing solutions that redefine industries such as Financial Services, Investment Banking, and Resource Management.”

“Our vision transcends boundaries, and our mission is to build sustainable ecosystems that empower communities, cultivate technological excellence, and ensure financial resilience,” he commented.

Meanwhile, Syed Basar Shueb, IHC’s Chief Executive Officer, said that 2PointZero’s collective strength lies in its diversity, shared vision, and “unwavering commitment to progress.”

“Its thriving ecosystem of industry leaders is interconnected, each contributing unique value and drawing strength from their collective purpose,” said IHC’s Chief Executive Officer.

Adding: “By harnessing our expertise and acumen across these industry verticals and operating at an unprecedented scale, 2PointZero is poised to create a transformative impact on the world.”

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