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IHC’s $27bn holding company aims for Abu Dhabi listing  

By Reuters
2PointZero expects opportunities for growth in Asia, Latin America and Africa, said CEO Mariam Almheiri Wam
2PointZero expects opportunities for growth in Asia, Latin America and Africa, said CEO Mariam Almheiri

2PointZero, a newly established UAE investment platform with assets from mines to financial services, is targeting a stock market listing in Abu Dhabi this year, CEO Mariam Almheiri said on Wednesday, according to the Reuters news agency.

Last year, Abu Dhabi conglomerate International Holding Company (IHC) established 2PointZero as a holding unit with more than AED100 billion ($27.23 billion) in assets.

The company expects opportunities for growth in Asia, Latin America and Africa, where one of its portfolio companies has invested in mining assets, Almheiri said.

2PointZero’s portfolio includes alternative asset manager Lunate, Egyptian financial services company Beltone Holding and IRH.

Abu Dhabi-based International Resources Holding (IRH) invested $1.1 billion in Zambia’s Mopani Copper Mines in 2024.

IHC is an Abu Dhabi conglomerate led by Sheikh Tahnoon bin Zayed Al-Nahyan, who is also the UAE’s national security adviser. He is the brother of UAE President Sheikh Mohammed bin Zayed Al Nahyan.   

The UAE, which has two major stock exchanges, and the wider Arabian Gulf have seen a series of IPOs over the last year and more.

In Abu Dhabi’s first initial public offering this year, technology services company Alpha Data plans to raise up to $163.2 million.

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