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Multiply Group Shareholders Approve Proposed Acquisitions of 2PointZero and Ghitha Holding at General Assembly Meeting
(MENAFN- Weber Shandwick) Abu Dhabi, UAE – November 10, 2025: Multiply Group (ADX: MULTIPLY), the Abu Dhabi-based investment holding company that invests in and operates businesses globally, today announced that its shareholders have approved all resolutions presented at the Compa’y’s General Assembly Meeting (GAM).
During the GAM, shareholders voted in favor of the proposed special and ordinary resolutions, including the approval of Multiply G’oup’s acquisitions of 2PointZero Holding RSC Limited and Ghitha Holding PJSC through share-swap transactions. These acquisitions form part of Multiply’Group’s broader strategy to build scale, enhance portfolio synergies, and drive sustainable long-term value.
As approved by the shareholders, Multiply Group will issue 23.36 billion new shares, increasing its share capital from AED 2.8 billion to AED 8.64 billion, to complete the transactions. The approved resolutions also include amendments to the’Company’s Articles of Association, the change of trade name to Two Point Zero Group P.J.S.C, and an increase in the number of Board members from five to nine.
The shareholder approvals mark an important milestone in Mult’ply Group’s journey toward creating one o’ the region’s most diversified and balanced investment platforms. Combining Multiply Group, 2PointZero, and Ghitha Holding within a unified structure creates a globally competitive platform focused on Energy and Consumer, complemented by a large alternative investment arm.
Syed Basar Shueb, Chairman of Multiply Group, ’ said: “Today’s shareholder approval reflects confidence’in Multiply Group’s strategic direction and our commitment to long-term value creation. The acquisitions of 2PointZero and Ghitha strengthen our platform and position us to capture opportunities across tra”sformative sectors.”
The GAM also authorized the Company’s Board of Directors to take all necessary actions to implement the approved resolutions, including the execution of share-swap procedures, amendments to the Compa’y’s Articles of Association, and the listing of new shares on the Abu Dhabi Securities Exchange (ADX) following regulatory approvals.
During the GAM, shareholders voted in favor of the proposed special and ordinary resolutions, including the approval of Multiply G’oup’s acquisitions of 2PointZero Holding RSC Limited and Ghitha Holding PJSC through share-swap transactions. These acquisitions form part of Multiply’Group’s broader strategy to build scale, enhance portfolio synergies, and drive sustainable long-term value.
As approved by the shareholders, Multiply Group will issue 23.36 billion new shares, increasing its share capital from AED 2.8 billion to AED 8.64 billion, to complete the transactions. The approved resolutions also include amendments to the’Company’s Articles of Association, the change of trade name to Two Point Zero Group P.J.S.C, and an increase in the number of Board members from five to nine.
The shareholder approvals mark an important milestone in Mult’ply Group’s journey toward creating one o’ the region’s most diversified and balanced investment platforms. Combining Multiply Group, 2PointZero, and Ghitha Holding within a unified structure creates a globally competitive platform focused on Energy and Consumer, complemented by a large alternative investment arm.
Syed Basar Shueb, Chairman of Multiply Group, ’ said: “Today’s shareholder approval reflects confidence’in Multiply Group’s strategic direction and our commitment to long-term value creation. The acquisitions of 2PointZero and Ghitha strengthen our platform and position us to capture opportunities across tra”sformative sectors.”
The GAM also authorized the Company’s Board of Directors to take all necessary actions to implement the approved resolutions, including the execution of share-swap procedures, amendments to the Compa’y’s Articles of Association, and the listing of new shares on the Abu Dhabi Securities Exchange (ADX) following regulatory approvals.
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