Multiply Group Targets $1.6B Acquisition, Eyes Global Investment Powerhouse Status

Abu Dhabi’s Multiply Group has given the green light for what could be one of its most ambitious moves yet — a proposed USD 1.6 billion acquisition of 2PointZero and Ghitha Holding through a share swap. It’s the sort of deal that might not make the average reader’s pulse race, but in the investment world, it’s quite the head-turner.

The plan is fairly straightforward on paper: Multiply Group will issue roughly 23.36 billion new shares to take full ownership of the two companies. That would lift its total share capital from about AED 2.8 billion (around USD 762 million) to AED 8.64 billion (about USD 2.35 billion). If the maths checks out — and assuming shareholder and regulatory nods come through — the value difference points neatly to a transaction worth around USD 1.6 billion.

Now, why does this matter? For one, the merged entity would sit on a pool of 34.56 billion shares, forming what could be a USD 32.7 billion investment powerhouse. It would spread its reach across energy, food, logistics, packaging, mining, apparel, media, mobility, and beauty. I reckon that’s quite the shopping list — and not an easy one to manage — but Multiply seems convinced it’ll boost efficiency by bringing complementary assets under one listed roof.

A statement from the group summed it up neatly, saying the merger aims to create a “balanced and diversified investment group spanning energy, food, logistics, packaging, mining, apparel, media, mobility, and beauty,” with a mission to reach one billion consumers across 85 countries. Lofty words, perhaps, but not without some real weight behind them.

For context, 2PointZero is an investment firm positioning itself as both an artificial intelligence enabler and an energy transition accelerator — big phrases, yes, but the company’s focus on sustainable growth through mining, energy, and financial services does make sense in today’s climate-focused market. Ghitha Holding, on the flip side, keeps its plate much closer to the everyday essentials: food and agriculture. From poultry and fish to cooking oil and trade in food commodities, Ghitha seems to represent the resilient, supply-chain side of this merger.

When I first came across the story, it reminded me of a conversation I once had with a young founder at a startup event hosted by Arageek in Cairo. He said, half-jokingly, “The moment two companies think they can do everything, that’s where the real test starts.” Spot on, I thought then — and it feels just as relevant now.

That said, Multiply’s boldness fits right into the region’s growing appetite for diversification. With MENA markets shifting away from oil dependency, investments of this scale and ambition aren’t just symbolic, they’re a signal that the region wants to play on the big global stage. Still, integrating industries as far apart as mining and beauty sounds like a bit of a faff, you know?

All eyes are now on the approvals process. If regulators give the go-ahead, Multiply Group’s bet could reshape not just its portfolio but the perception of conglomerate strategy in the Gulf. It’s a case of wait and see — but it’s definately one worth watching closely.

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