Abu Dhabi-based investment powerhouse 2PointZero is gearing up for a public listing on the Abu Dhabi Securities Exchange (ADX) by the end of this year, capitalizing on the growing wave of IPOs in the UAE.
Speaking at the Investopia conference in Abu Dhabi, group CEO Mariam Al Mheiri emphasized the company’s global ambitions, highlighting plans to expand into Asia, Latin America, and Africa. While details regarding the offering size and fundraising targets remain undisclosed, the move signals a strategic push for growth and market influence.
2PointZero, established last year by Abu Dhabi’s International Holding Company (IHC), boasts an asset base of Dh100 billion ($27.2 billion). The holding structure includes key financial firms such as Chimera, along with its subsidiaries Lunate and Beltone.
Beyond finance, 2PointZero’s diverse portfolio spans industries shaping the future. International Resources Holding (IRH), a key subsidiary, is focused on energy transition minerals, while Sagasse Investments manages Dh8 billion in assets as of 2023. Citadel Technologies, another component of the conglomerate, operates a Bitcoin extraction facility in Abu Dhabi, reinforcing the group’s presence in the cryptocurrency sector.
Expanding its footprint, 2PointZero recently acquired Cairo-based digital financial services provider Maseera Holding and pledged to invest up to $1 billion in the coming years to drive further expansion.
Mining is another crucial pillar of the company’s strategy. IRH finalized the $1.1 billion acquisition of Zambia’s Mopani Copper Mines last year, with plans to ramp up production from 100,000 to 220,000 tonnes of copper. “IRH operates as a fully integrated mining company, covering exploration, extraction, and trading,” Al Mheiri stated, emphasizing a hands-on approach rather than passive investment.
This listing comes amid a regional IPO surge, driven by economic diversification efforts in the Middle East. Over the past year, major players such as Talabat Holding, Lulu Group, Oman’s OQEP, ADNH Catering, NMDC Energy, and Alef Education have successfully gone public, reinforcing the region’s dynamic financial landscape.
In a separate development, UAE technology firm Alpha Data announced raising Dh600 million through its ADX IPO, underscoring the continued investor confidence in the region’s evolving market.
With 2PointZero’s upcoming listing, the company positions itself as a major force in global investment, leveraging its vast portfolio to tap into high-growth markets worldwide.