Multiply Group to Acquire 2PointZero and Ghitha Holding
Multiply Group's Board has approved a proposal to acquire 2PointZero and Ghitha Holding through a share swap deal.
The acquisition will involve offering shares to acquire the two companies, followed by the issuance of new shares, subject to shareholder and regulatory approvals.
About 2PointZero and Ghitha Holding
- 2PointZero: an investment company with scalable assets in energy, mining, and financial services, serving as an AI enabler and energy transition accelerator.
- Ghitha Holding: a diversified food and agriculture platform, playing a vital role in food security in the UAE and beyond.
Together, these businesses represent complementary strengths across the energy and consumer sectors.
Author's summary: Multiply Group expands through share swap deal.
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