The Board of Abu Dhabi-based conglomerate, International Holding Company (ADX: IHC) has launched 2PointZero, a next generation holding company comprising a portfolio of diverse companies, to IHC.
Spanning multiple sectors, business combinations of entities under common control, have been combined to form 2PointZero, boasting an asset size expected to exceed AED100 billion, subject to regulatory approvals.
His Highness Sheikh Tahnoon bin Zayed Al Nahyan, Deputy Ruler of Abu Dhabi and National Security Adviser, Chairman of IHG, said: “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.”
2PointZero embodies a vision of progress across 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.
Syed Basar Shueb, Chief Executive Officer of International Holding Company, said: “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.
"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."
2PointZero’s portfolio companies including Chimera Investments, Lunate, Beltone Holding, International Resources Holding, Sagasse Investments and Citadel Technologies.
