Abu Dhabi’s IHC forms AED 100 billion holding company

Arabian Post Staff

Abu Dhabi-based conglomerate International Holding Company announced the formation of  2PointZero as a next generation Holding Company comprising several diverse and dynamic companies.

Spanning multiple sectors, business combinations of entities under common control, have been combined to form 2PointZero, boasting an impressive asset size expected to exceed AED 100 billion. The transfer is subject to obtaining of  all regulatory approvals.

2PointZero 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.

The constituent companies include Chimera Investments, Lunate, Beltone Holding, International Resources Holding, Segasse Investments and Citadel Technologies.

Established in 2007, Chimera  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 AED 1.4 billion and assets of AED 20.1 billion for FY22. Chimera also oversees subsidiaries Lunate and Beltone.

Lunate is a major independent global alternative investment manager, managing of over AED 400 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. Lunate aims to be a leading private markets solutions provider, targeting institutional investors, pension funds, and family offices, with a focus on generating superior risk-adjusted returns. Recently, Lunate launched ALTÉRRA at COP28, the world’s largest private climate investment vehicle, aiming to steer private finance towards climate action and promote a more equitable climate finance system.

Beltone Holding is one of the fastest growing financial services providers in Egypt and the MENA region. The Company offers a diverse range of services including Investment Banking, Asset Management, Securities Brokerage and Research; Direct Investments, Private Equity, Venture Capital, Leasing, Factoring, Consumer Finance, Mortgage and Microfinance; and Other Ventures.

International Resources Holding (IRH), headquartered in Abu Dhabi, specializes in unlocking the mineral value chain with a strategic focus on energy transition minerals and key resources such as Copper, Cobalt, Nickel, Lithium, 3T (Tin, Tantalum & Tungsten), Manganese, and Graphite. IRH plays a pivotal role in advancing in-country value addition across Africa and beyond, building ecosystems through strategic collaborations, and improving infrastructure and living standards. Recently, IRH signed a $1.1 billion investment agreement for a 51% stake in Zambia’s Mopani Copper Mines and partnered with Jubilee Metals to recover copper from waste in Zambia. The company has over 20 assets under negotiation and more than 22,000 square kilometres under exploration in various countries.

Sagasse Investments is a dynamic investment company operating as a specialized purpose vehicle, dedicated to strategic investments in select companies. With a primary focus on the Middle East, Sagasse is positioned as a key player in the region’s economic landscape while maintaining flexibility to explore opportunities in diverse global markets. Beyond its core investment portfolio, the company engages directly in equities, cash instruments, and premium cash and debt securities, demonstrating a commitment to a well-rounded investment approach. For the fiscal year 2023, the company reported total assets of AED 8 billion and book equity exceeding AED 8 billion, underscoring Sagasse’s financial strength and its ability to generate value for its stakeholders.

Citadel Technologies is a leading player in the cryptocurrency mining industry and operates a state-of-the-art crypto mining facility in Abu Dhabi, UAE.  The company specializes in Bitcoin extraction and is committed to sustainable and efficient mining practices.  Citadel’s strategic location in the UAE allows it to leverage the region’s advanced infrastructure. In FY22, Citadel reported a revenue of AED100 million and an asset size of AED2.7 billion. IHC recently acquired a 10% stake in Phoenix Group, which manages the ‘Citadel Project’.  Citadel’s facility is recognized as the Middle East’s largest crypto-mining facility.