Multiply Group is poised to redefine its position in the global investment landscape following a transformative merger that CEO Samia Bouazza heralds as ‘a whole new beginning.’ Since its listing on the Abu Dhabi Securities Exchange four years ago, the company has tripled its market capitalization, with revenues soaring from Dh300 million to Dh2 billion and Ebitda increasing eightfold. The merger, structured as a share swap, will elevate Multiply’s capital base from Dh2.8 billion to Dh8.64 billion, with total outstanding shares reaching 34.5 billion. A 39% free float is anticipated to enhance trading liquidity and improve index weightings in MSCI, FTSE, and FADX 15. The acquisition of IHC’s stakes in 2PointZero and Ghitha Holding is not merely a financial transaction but a fusion of visions, capital, and AI tools. This strategic move expands Multiply’s reach across six sectors, including consumer-focused industries and energy-driven ventures. The energy portfolio now spans the full value chain, from copper and tin mining in Zambia and Congo to renewable energy exports across 120 countries. Multiply’s consumer portfolio is equally robust, encompassing apparel, beauty, media, mobility, and packaging. Ghitha Holding adds a defensive layer with its focus on food production ‘from farm to fork,’ a sector Bouazza deems essential during economic downturns. The merger positions Multiply for stronger investor inflows and global brand expansion, with operations already spanning 85 countries. Bouazza emphasized disciplined execution in acquisitions, targeting a minimum 15% IRR and Dh1 billion in Ebitda within three years. Organic growth is also accelerating, with subsidiaries scaling across the GCC and Latin America. The merger, pending regulatory approval, is set to create one of the most dynamic energy and consumer platforms in the UAE.
Multiply Group’s strategic merger sets stage for UAE’s next investment supercycle
