IHC names new leaders for 2PointZero after major Abu Dhabi merger

Dubai: IHC has set out the proposed leadership structure for 2PointZero, the investment group created through the merger of 2PointZero, Multiply Group, and Ghitha Holding. The deal ranks among Abu Dhabi’s largest listed mergers and consolidates assets spanning energy, consumer, and food sectors.

Mariam bint Mohammed Almheiri has been put forward as Managing Director, a role that would place her in charge of strategy, governance, and long-term positioning. Samia Bouazza has been nominated as Chief Executive Officer, responsible for executing strategy, overseeing capital allocation, and driving international expansion with a strong emphasis on AI adoption. Both appointments remain subject to shareholder, board, and regulatory approval.

Mega merger

The merged entity brings together an estimated Dh120 billion in assets and a footprint extending across more than 85 countries. Ghitha Holding will sit within the new structure as a subsidiary and continue to lead food-security and agri-food operations in the UAE under CEO Faisal Ameen.

2PointZero will anchor IHC’s energy and infrastructure holdings, including portfolios in critical minerals, power equipment, and advanced energy technologies. Multiply Group contributes consumer-focused businesses in mobility, media, apparel, packaging, and beauty, while Ghitha Holding adds vertically integrated food production and distribution capabilities.

Following the merger, 2PointZero will have a 39% free float and remain included in major UAE market indices. The expanded free float is expected to deepen liquidity and widen access for institutional investors, strengthening price discovery and improving market participation.

With leadership identified, 2PointZero now moves into its integration phase. The group will focus on scaling its energy and consumer businesses, expanding internationally, and embedding digital and AI capabilities to strengthen performance across its portfolio.