Abu Dhabi-based investment platform 2PointZero has announced its intention to list on the Abu Dhabi Securities Exchange by the end of this year. Group Chief Executive Mariam Al Mheiri disclosed the company’s plans during the Investopia conference in the UAE capital on Wednesday.
Established last year by International Holding Company , 2PointZero boasts an asset base exceeding Dh100 billion . The platform encompasses a diverse portfolio, including private investment firm Chimera and its subsidiaries Lunate and Beltone. Other notable entities under its umbrella are International Resources Holding , Sagasse Investments, and Citadel Technologies.
IRH has been particularly active in expanding its mining interests. In 2024, it acquired Zambia’s Mopani Copper Mines for $1.1 billion. The mine currently produces approximately 100,000 tonnes of copper annually, with plans to increase output to 220,000 tonnes. Earlier this month, 2PointZero diversified its portfolio by acquiring Cairo-based digital financial service provider Maseera Holding, committing up to $1 billion over the next few years to support its expansion.
Ms. Al Mheiri emphasized 2PointZero’s commitment to global growth, stating that the company is “extremely welcoming of partnerships across the globe” and aims to expand in Asia, Latin America, and Africa. This strategic vision aligns with the UAE’s broader economic diversification efforts and the ADX’s ongoing momentum in attracting initial public offerings .
The ADX has seen a surge in listings, with companies such as food delivery platform Talabat Holding, Lulu Group, and Oman’s oil and gas company OQEP debuting on the exchange. The inclusion of 2PointZero is anticipated to further bolster the exchange’s reputation as a hub for dynamic and diversified investments.
While specific details regarding the size of the planned offering or the amount 2PointZero aims to raise have not been disclosed, the move is expected to enhance the company’s visibility and provide access to additional capital. This, in turn, will support its ambitious expansion plans and solidify its position in the global investment landscape.
The planned listing of 2PointZero on the ADX signifies a strategic step in the company’s growth trajectory. By tapping into the capital market, 2PointZero aims to accelerate its expansion efforts, particularly in emerging markets across Asia, Latin America, and Africa. This move is poised to attract a broader investor base and foster deeper collaborations with global partners.
In addition to its mining ventures, 2PointZero’s portfolio reflects a commitment to technological innovation and financial services. Citadel Technologies, for instance, operates a cryptocurrency mining facility in Abu Dhabi, specializing in Bitcoin extraction. This diversification underscores the company’s forward-looking approach and adaptability in a rapidly evolving economic landscape.
Follow Arabian Post
Select Arabian Post as your preferred source on Google and MSN News for trusted business news and Arab politics and updates.
