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Abu Dhabi’s IHC forms $27bn holding company 2PointZero

IHC revenue Wam
IHC's total debt increased to AED48.4 billion in December 2023, from AED39.9 billion a year ago

The Abu Dhabi-based International Holding Company (IHC) has set up a holding company that will have more than AED100 billion ($27.23 billion) in assets, under the name 2PointZero.

The board has approved a move to transfer entities across several sectors to the new company after regulatory approvals, IHC said in a statement.

The holding company’s portfolio will include private equity, alternative investments, investment banking and brokerage, artificial intelligence, mining and cryptocurrency companies.

IHC is part of a business conglomerate led by its chair, Sheikh Tahnoon bin Zayed Al Nahyan, the UAE’s national security adviser and brother of President Sheikh Mohammed bin Zayed Al Nahyan.

“2PointZero is committed to having a transformative impact globally,” Sheikh Tahnoon said.

The portfolio of 2PointZero includes entities such as the Abu Dhabi-based private investment firm Chimera Investment, alternative asset manager Lunate and Egyptian financial services company Beltone Holding. 

Other portfolio companies are International Resources Holding, which specialises in energy transition minerals and vital resources, Sagasse Investments and Citadel Technologies, operator of a cryptocurrency mining facility in Abu Dhabi.

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