Abu Dhabi’s International Holding Co. (IHC) has unveiled its latest venture, 2PointZero—a revolutionary holding firm encompassing a diverse portfolio of assets valued at an impressive $27 billion.
This ambitious initiative is set to propel IHC, the emirate’s largest listed company, into new frontiers under the guidance of key royal family member Sheikh Tahnoon bin Zayed Al Nahyan.
The newly-formed 2PointZero will serve as a consolidation platform for various entities, including segments of Sheikh Tahnoon’s extensive business empire.
Notable additions to the holding firm’s expansive portfolio include Lunate, Abu Dhabi’s latest fund, and International Resources Holding, which recently invested over $1 billion in Zambia’s Mopani copper mine.
Shares in IHC experienced a surge, rising as much as 3.2% on Wednesday, marking the most significant increase in five months and adding approximately $7.5 billion to the company’s market value.
The market’s positive response underscores the potential and confidence in IHC’s strategic direction.
Sheikh Tahnoon, who holds the position of the United Arab Emirates’ national security adviser and is a brother to the country’s president, is not only a key figure in the royal family but also an influential businessman on the global stage.
Over the years, he has navigated the helm of multiple wealth funds, a $300 billion private investment firm, and the nation’s largest lender.
IHC, once a modest fish farming entity, has evolved into a powerhouse—twice the size of financial giants like Goldman Sachs Group Inc. and Blackstone Inc.
Despite its substantial growth, IHC remains relatively overlooked by international investors and is not covered by analysts tracked by Bloomberg.
The creation of 2PointZero marks another significant step in Sheikh Tahnoon’s strategy to diversify and invest across sectors.
This approach aligns with broader efforts within Abu Dhabi, as seen in the consideration of acquisitions such as Standard Chartered Plc and Lazard Ltd. last year.
Additionally, Sheikh Tahnoon’s portfolio extends into the technology sector, with investments in TikTok Inc.’s ByteDance Ltd. and a $10 billion fund targeting opportunities in the industry.
He oversees G42, Abu Dhabi’s leading artificial intelligence firm, and has been actively involved in collaborations and joint ventures in the technology space.
As IHC’s latest venture, 2PointZero solidifies the company’s commitment to technology and artificial intelligence.
The holding firm aims to develop solutions that redefine industries such as financial services, investment banking, and resource management.
This strategic move reflects Sheikh Tahnoon’s visionary leadership and the ongoing evolution of Abu Dhabi’s economic landscape.
The unveiling of 2PointZero marks not only a significant milestone for IHC but also a bold step toward global prominence, guided by the dynamic vision of Sheikh Tahnoon bin Zayed Al Nahyan.
The $27 billion venture is poised to shape the future trajectory of Abu Dhabi’s business landscape and contribute to the emirate’s status as a global economic powerhouse.
