BahrainBusinessCOP28CountriesEgyptEvents & ConferencesIndustry NewsKuwaitMiddle EastMineral DirectoryNorth AfricaOmanQatarResearch & ReportsSaudi ArabiaTechnology & InnovationUnited Arab EmiratesWorld

Abu Dhabi’s IHC launches mega holding company with $27bn in assets

Story Highlights
  • Abu Dhabi’s International Holding Company (IHC) has announced the establishment of 2PointZero, a company which will have more than Dhs100bn in assets

Abu Dhabi conglomerate International Holding Company (IHC) on Tuesday announced it had established 2PointZero, a holding company which will have more than Dhs100bn ($27bn) in assets.

2PointZero will hold ownership in entities whose transfer to IHC has been initiated, after obtaining approval from the board, the statement said. The transfer of ownerships into 2PointZero is pending regulatory approvals.

2PointZero’s portfolio will span private equity, alternative investments, investment banking and brokerage, in addition to artificial intelligence, mining and cryptocurrency ecosystems, it said.

IHC is part of a business empire overseen by its chair, Sheikh Tahnoon bin Zayed al-Nahyan, who is also the UAE‘s national security adviser and a foreign policy troubleshooter for his brother, President Sheikh Mohammed bin Zayed al-Nahyan.

2PointZero to include Chimera Investment and others

“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,” Sheikh Tahnoon was quoted as saying.

2PointZero’s portfolio will include Abu Dhabi private investment firm Chimera Investment as well as alternative asset manager Lunate and Egyptian financial services firm Beltone Holding.

Last month, Lunate launched the $30bn climate fund dubbed ALTÉRRA at COP28, in collaboration with global asset managers BlackRock, Brookfield and TPG.

The portfolio will also include International Resources Holding, which focuses on energy transition minerals and key resources such as copper, cobalt, nickel, lithium, 3T, manganese, and graphite.

Special purpose vehicle Sagasse Investments and Citadel Technologies, which operates a crypto mining plant in Abu Dhabi, are also listed in 2PointZero’s portfolio.


Minerals Meridian

Minerals Meridian is a premier online portal dedicated to exploring and uncovering the Earth's hidden wealth in the GCC and beyond. Our platform provides valuable insights and information on resource exploration, mining, and sustainable practices. With a focus on responsible resource management and ethical operations, we strive to empower individuals and businesses with knowledge to make informed decisions in the industry. Through cutting-edge technology and a commitment to environmental stewardship, Minerals Meridian aims to be the go-to resource for those seeking to understand, engage, and contribute to the world of resource exploration and mining. Join us as we navigate the depths and unlock the potential of our planet's resources.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Seraphinite AcceleratorOptimized by Seraphinite Accelerator
Turns on site high speed to be attractive for people and search engines.