Abu Dhabi’s IHC forms 2PointZero, a next generation holding company
Buildings are seen on Marayah Island in Abu Dhabi’s central business district. Reuters
The IHC Board approved the initiation of the transfer of 2PointZero, a next generation Holding Company comprising several diverse and dynamic companies, to IHC.
Spanning multiple sectors, business combinations of entities under common control, have been combined to form 2PointZero, boasting an impressive asset size expected to exceed Dhs100 billion (transfer will be completed after obtaining all regulatory approvals).
IHC Chairman, Tahnoon Bin Zayed Al Nahyan said: “Today, we are proud to announce the formation of 2PointZero, a next generation holding company that stands at the forefront of pioneering advancements across multiple sectors. Embracing the future with open arms, 2PointZero is committed to having a transformative impact globally. Our dedication to Technology and Artificial Intelligence (AI) is evident in our commitment to developing solutions that redefine industries such as Financial Services, Investment Banking, and Resource Management. Our vision transcends boundaries, and our mission is to build sustainable ecosystems that empower communities, cultivate technological excellence, and ensure financial resilience.”
A new era of diversified excellence2PointZero is more than a Holding Company; it embodies a vision of progress across a variety of industry verticals including Private Equity and Alternative Investments, Venture Capital Operations, Credit/Asset Management, Financial Services (including Micro Financing and Insurance) Investment Banking, Securities Brokerage and Research, Artificial Intelligence (AI) and Technology, Mineral and Resource Management, Digital and Cryptocurrency Ecosystems and Mobility.
A visionary future”2PointZero’s collective strength lies in its diversity, shared vision, and unwavering commitment to progress. Its thriving ecosystem of industry leaders is interconnected, each contributing unique value and drawing strength from their collective purpose,” said Syed Basar Shueb, IHC’s Chief Executive Officer. “By harnessing our expertise and acumen across these industry verticals and operating at an unprecedented scale, 2PointZero is poised to create a transformative impact on the world.”
Chimera Investments, established in 2007, is an Abu Dhabi-based private investment firm that boasts significant global influence and acumen. It manages a diverse portfolio of equities and seeks value-creation opportunities in line with its investment philosophy. As part of the Royal Group, Chimera contributes to a conglomerate with over 60 entities across various industries, employing 20,000 people. In 2023, Chimera launched ChimHaeres Investment Holding with Haeres Capital, acquired Vionnet, and sponsored and anchored ADC Acquisition Corporation, the first regional SPAC. The firm reported a net profit of Dhs1.4 billion and assets of Dhs20.1 billion for FY22. Chimera also oversees subsidiaries Lunate and Beltone.
Lunate, (pending regulatory approvals), is a major independent global alternative investment manager, managing of over Dhs400 billion in assets. Majority-owned by Chimera, it primarily invests in private markets, including Buyouts, Growth Equity, Venture Capital, Private Credit, and Real Assets, with selective investments in Public Equities and Credit.
