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Multiply Group Announces Plans to Acquire 2PointZero and Ghitha Holding via Share Swap

Business Wire India The proposed acquisition forms part of Multiply Group’s broader strategy to build scale, enhance portfolio synergies, and drive long-term value. 2PointZero brings scalable assets across energy, mining and financial services, while Ghitha Holding contributes a diversified food and agriculture platform. The transaction remains subject to shareholder and regulatory approvals, with further details to be announced upon completion of the review process. Multiply Group (ADX: MULTIPLY), the Abu Dhabi-based investment holding company that invests in and operates businesses globally, today announced that its Board has approved a proposal to acquire 2PointZero and Ghitha Holding through a share swap transaction. Under the proposed terms, Multiply Group would offer shares to acquire 2PointZero and Ghitha Holding, followed by the issuance of new shares to complete the transaction. The transaction is currently under review and remains subject to shareholder and regulatory approvals. 2PointZero is a transformational investment company with scalable assets in energy, mining, and financial services, serving as an AI enabler and energy transition accelerator driving a smarter, more sustainable future. Ghitha Holding is a leading conglomerate spanning agriculture, food production, and distribution operations that play a vital role in food security. Together, these businesses represent complementary strengths across the Energy and Consumer sectors, two fundamental pillars of every economy, powering everyday life and advancing the global transition toward cleaner, smarter systems. The transaction is expected to enhance operational and investment efficiency across Multiply Group’s portfolio by consolidating complementary assets under a single listed platform. Syed Basar Shueb, Chairman of Multiply Group, commented: “This transaction represents a natural evolution of our portfolio strategy, designed to optimize scale and strengthen the platforms we have built over the past years. Multiply’s offer to acquire 2PointZero and Ghitha reflects our strategic approach to value creation and our long-term focus on building globally competitive investment entities that deliver sustainable shareholder value.” Samia Bouazza, Group CEO and Managing Director of Multiply Group,added: “This strategic merger is more than a consolidation of balance sheets – it’s the convergence of vision, purpose, capital, megathemes, and exceptional teams. Together, we are forming an AED 120 billion balanced and diversified investment group spanning energy, food, logistics, packaging, mining, apparel, media, mobility and beauty. Through these companies, spread across 85 countries, we aim to serve 1 billion human beings, globally. Our focus is to grow our bottom line both organically and inorganically, to unlock value through AI, and to deliver consistent, long-term returns for our shareholders.” The transaction will be executed through a share swap, with Multiply Group issuing approximately 23.36 billion new shares to acquire 2PointZero and Ghitha Holding, increasing its share capital from AED 2.8 billion to AED 8.64 billion. Upon completion, the merged entity will comprise 34.56 billion shares, marking a significant expansion of Multiply Group’s capital base. This strategic acquisition via reorganization remains subject to shareholder and regulatory approvals, with additional details to be disclosed following completion of the review process. ABOUT MULTIPLY GROUP Multiply Group PJSC is an Abu Dhabi-based investment holding company that globally invests and operates in transformative, cash-generating businesses. Known for its trademark growth mindset, Multiply Group will continue to deploy capital across its two distinct arms, both of which follow a disciplined approach to investing and ensure consistent, sustainable value creation for our shareholders in the short-, medium- and long-term: Multiply, the investments and operations in long-term strategic verticals, currently investing and operating in Mobility, Energy, Media & Communications, Wellness & Beauty, Retail & Apparel, and Packaging. Anchor investments provide long-term recurring income, through which bolt-on acquisitions are made. Multiply+, extends our global reach — investing across sectors and asset classes with one aim: unlocking returns through disciplined capital allocation. For more information, visit www.multiply.ae *Source: AETOSWire View source version on businesswire.com: https://www.businesswire.com/news/home/20251015664554/en

Technology

Iron Mountain Becomes an Official Partner of the McLaren Formula 1 Team

Business Wire IndiaIron Mountain, a global leader in information management services, and McLaren Racing today announced the company as an Official Partner of the McLaren Formula 1 Team. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251013329065/en/ Iron Mountain will play a key role in McLaren Racing’s digital heritage transformation journey. Its AI-enabled digital platform will help to activate McLaren's legendary archives - transforming precious historical assets such as pioneering blueprints and vintage film and photography into intelligent, dynamic content. By preserving, digitising and unlocking the value of these rich assets, McLaren Racing can connect its fans and partners globally to the memories and moments that define the team’s incredible journey, and tell new and inspiring stories that bring them closer to the action than ever before. McLaren Racing will also benefit from Iron Mountain’s global leadership in secure and efficient management of end-of-life IT assets. The partnership begins from the 2025 United States Grand Prix, when Iron Mountain branding will feature on both McLaren Formula 1 Team race cars, with additional branding touchpoints throughout the 2025 season and beyond. Nick Martin, Co-Chief Commercial Officer, McLaren Racing, said: “Our fans are at the centre of what we do, and we are passionate about sharing our storied past with them. With the integration of Iron Mountain, we will be able to bring to life more of the team’s rich history for our fans and partners as we look to shine a light on the McLaren Racing brand.” Greg McIntosh, Executive Vice President & Chief Commercial Officer, Iron Mountain, said: “We are proud to partner with the McLaren Formula 1 Team, which embodies the spirit of innovation and high performance at Iron Mountain. Our AI-enabled digital platform will help to fuel new opportunities for success and transform McLaren Racing’s iconic heritage media - protecting these timeless assets for future generations, connecting them to fans and partners, and activating them to unlock value like never before.” About McLaren Racing McLaren Racing was founded by racing driver Bruce McLaren in 1963. The team entered its first Formula 1 race in 1966. McLaren has since won 22 Formula 1 world championships, over 200 Grands Prix, the Indianapolis 500 three times, and the Le Mans 24 Hours at its first attempt. McLaren Racing competes across four racing series. The team competes in the FIA Formula 1 World Championship with McLaren F1 drivers Lando Norris and Oscar Piastri, the NTT INDYCAR SERIES with Arrow McLaren drivers Pato O’Ward, Nolan Siegel and Christian Lundgaard and F1 Academy with Driver Development programme member Ella Lloyd. The team also competes in the F1 Sim Racing Championship as McLaren Shadow. McLaren is a champion for sustainability in the sport and a signatory to the UN Sports for Climate Action Commitment. It is committed to achieving net zero by 2040 and fostering a diverse and inclusive culture in the motorsport industry. About Iron Mountain Iron Mountain Incorporated (NYSE: IRM) is trusted by more than 240,000 customers in 61 countries, including approximately 95% of the Fortune 1000, to help unlock value and intelligence from their assets through services that transcend the physical and digital worlds. Our broad range of solutions address their information management, digital transformation, information security, data center and asset lifecycle management needs. Our longstanding commitment to safety, security, sustainability and innovation in support of our customers underpins everything we do. To learn more about Iron Mountain, please visit www.IronMountain.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20251013329065/en