Multiply Group Unveils $32.6B Merger, Becoming UAE’s Investment Titan

Abu Dhabi’s Multiply Group is taking another bold step in its expansion drive, this time by snapping up 2PointZero and Ghitha Holding through a huge share swap. Once the deal wraps up, the investment giant will emerge as a 120 billion dirham enterprise — that’s roughly $32.6 billion — making waves across the region’s capital markets.

The move isn’t small potatoes either. Multiply will issue about 23.36 billion new shares to complete the acquisition, pushing its share capital from AED 2.8 billion to AED 8.64 billion. When the dust settles, the company will have a total of 34.56 billion shares in circulation. Not exactly something you can done overnight.

Now, 2PointZero might ring a bell for those keeping tabs on Abu Dhabi’s investment scene. The platform, which manages scalable assets in energy, mining, and finance, had been gearing up for an IPO earlier this year. Its CEO, Mariam bint Mohammed Almheiri, even teased the plans during the Investopia summit back in February. Ghitha Holding, on the other hand, has its roots deep in food and agriculture — running operations from farming and production to distribution.

Multiply Group reckons pulling these businesses under one roof will not only streamline how it operates but also unlock fresh opportunities. In simple terms, it’s about reducing overlap and boosting returns — exactly the kind of move investors like to see. The group said it’s now focusing on growing its profits both organically (from within) and inorganically (through acquisitions).

Of course, before the champagne glasses come out, the whole thing needs the nod from shareholders and regulators. Multiply has said more details will be shared once the review process wraps up.

I’ve always found Multiply a fascinating one to watch — they tend to make strategic plays rather than splashy buys. Still, this merger is a biggie, positioning the group as one of the UAE’s heavyweight investment powerhouses. If done right, it could tighten the link between energy, agri-food, and financial sectors under a single, listed platform.

As someone who’s spent time around MENA startups, I can’t help but appreciate how regional players are going beyond boundaries — not just chasing scale but shaping entire ecosystems. And honestly, that’s spot on for what we at Arageek love to see: business stories that build momentum across the region.

Well… let’s just say this move might be one of those defining moments we’ll look back on and realise how far the region’s investment scene had come. I’m definately keeping an eye on how this one unfolds.

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