UAE IHC To List Its $27 bn 2PointZero Holding Company
UAE IHC Holding, a company with crypto and Blockchain holding entities, plans to list over $27 billion worth of assets in 2025 under the new holding firm 2PointZero.
The company, which consolidated existing and newly created firms from Royal Group, spans sectors from financial services to crypto mining. It includes Lunate, Abu Dhabi’s newest fund, International Resources Holding, and private investment firm Chimera.
IHC recently acquired a 10% stake in Phoenix Group, which manages the ‘Citadel Project’, the Middle East’s largest crypto-mining facility.
The CEO, Syed Basar Shueb, believes these companies should come into a separate ecosystem to receive significant capital injections and help the growth of these businesses. The valuation of the company will be “north of 100 billion dirhams.”
IHC is also looking to list International Technology Holding and Sirius International Holding, which focus on green technology, digital transformation, and health tech.
In 2024, IHC plans to pursue new sectors, including mining and energy, asset management, microfinance, reinsurance, and investments in artificial intelligence. Negotiations are underway in Asia, Africa, and South America.
(With inputs from Shikha Singh)
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