IHC The International Holding Company Board has given its nod for the initiation of the transfer of 2PointZero, a cutting-edge next-generation holding company, to IHC. Comprising a diverse array of dynamic entities spanning multiple sectors, the business combinations under common control have coalesced to create 2PointZero, anticipating an impressive asset size exceeding Dh100 billion (completion subject to regulatory approvals).
A Visionary Announcement by Tahnoon bin Zayed Al Nahyan
Tahnoon bin Zayed Al Nahyan, IHC Chairman, expressed pride in announcing the establishment of 2PointZero. Positioned as a pioneering force in multiple sectors, 2PointZero is committed to a global transformative impact. Focusing on technology and artificial intelligence (AI), the company aims to redefine industries such as financial services, investment banking, and resource management. The vision extends beyond borders, with a mission to build sustainable ecosystems empowering communities, fostering technological excellence, and ensuring financial resilience.
2PointZero’s Diverse Industry Vision: IHC
According to a statement from 2PointZero, the company envisions progress across various industry verticals, including private equity, alternative investments, venture capital operations, credit/asset management, financial services (including micro-financing and insurance), investment banking, securities brokerage and research, AI and technology, mineral and resource management, digital and cryptocurrency ecosystems, and mobility.
Syed Basar Shueb Highlights 2PointZero’s Strength
Syed Basar Shueb, IHC’s Chief Executive Officer, highlighted 2PointZero’s strength in diversity, shared vision, and unwavering commitment to progress. With an interconnected ecosystem of industry leaders contributing unique value, 2PointZero is poised to create a transformative impact on a global scale.
Key Entities Under 2PointZero Umbrella
- Chimera: Established in 2007, part of the Royal Group, managing a diverse equities portfolio.
- Pending Regulatory Approvals, Chimera: A major independent global alternative investment manager overseeing over Dh400 billion in assets.
- Pending Regulatory Approvals: A rapidly growing financial services provider in Egypt and the MENA region.
- IRH: Headquartered in Abu Dhabi, specializing in unlocking the mineral value chain.
- Sagasse: An investment company operating as a specialized purpose vehicle, dedicated to strategic investments.
- : A leading player in the cryptocurrency mining industry, specializing in Bitcoin extraction.
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