Two Point Zero Group PJSC (MULTIPLY)

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News

30 October 09:21 AM Multiply Group’s strategic acquisitions generate AED 2.6bn profits in 9M-25

Abu Dhabi - Mubasher: Multiply Group achieved net profits after tax valued at AED 2.69 billion in the first nine months (9M) of 2025, backed by the sale of PAL Cooling that was completed earlier in October. Revenues amounted to AED 2.24 billion in …

Financial Results

21 October 03:04 PM Emirates Driving completes acquisition of 22.5% stake in Mwasalat Holding

Abu Dhabi - Mubasher: Emirates Driving Company, a subsidiary of Multiply Group, has acquired a 22.50% stake in Mwasalat Holding, with an option to increase its share to 50.60%, according to a press release. The move expands Emirates Driving’s …

Mergers and Acquisitions

15 October 12:14 PM Multiply Group to create AED 120bn JV after acquisition of 2PointZero, Ghitha Holding

Abu Dhabi - Mubasher: The board of Multiply Group has approved the acquisition of 2PointZero and Ghitha Holding through a share swap deal, according to a press release. The proposed transaction aligns with Multiply Group’s strategy to scale its …

Mergers and Acquisitions

13 October 01:47 PM Tabreed closes 2 largest transactions to accelerate regional growth

Dubai - Mubasher: National Central Cooling Company (Tabreed) has completed its largest-ever transactions, marking a major step in accelerating regional growth and strengthening its concession-backed business model. Tabreed, in partnership with CVC …

Global Economy

9 October 10:31 AM Multiply Group eyes majority stake in Italy’s ISEM

Abu Dhabi - Mubasher: Multiply Group plans to acquire a 60.80% stake in ISEM, a leading European packaging group, which is subject to regulatory approvals.     Following the transaction, Peninsula Capital and minority investors will own the …

Mergers and Acquisitions

31 July 05:07 AM Multiply Group’s revenues hike to AED 1bn in H1-25

Abu Dhabi - Mubasher: The gross profits of Multiply Group increased to AED 509.04 million in the first half (H1) of 2025 from AED 324.62 million in H1-24. Revenue stood at AED 1.02 billion in H1-25, an annual surge from AED 690.70 million, …

Financial Results

30 June 12:27 PM Multiply Group sells PAL Cooling Holding to Tabreed, CVC DIF for AED 3.8bn

Abu Dhabi - Mubasher: Multiply Group entered into an agreement to monetize 100% of its shares in PAL Cooling Holding for a consortium comprising  National Central Cooling Company (Tabreed) and CVC DIF. The transaction, valued at approximately AED …

Global Economy

8 June 09:58 AM Multiply Group supports global expansion plans via MMG

Abu Dhabi – Mubasher: Multiply Group has launched Multiply Media Group (MMG) to fuel its global expansion plans, according to a recent press release. The ADX-listed group united the three market-leading out-of-home (OOH) companies under its …

Global Economy

13 April 09:14 AM Multiply Group, SMC join forces to accelerate media growth in MENA

Abu Dhabi – Mubasher: Multiply Group has inked a memorandum of understanding (MoU) with Saudi Media Company (SMC) to develop an advanced advertising technology (AdTech) platform. The partnership aims to drive innovation in AI-powered advertising …

Companies Investments

6 April 10:22 AM Al Arabia, Multiply Group to derive global expansion in advertising sector

Mubasher: Arabian Contracting Services Company (Al Arabia) and Multiply Group's media vertical teamed up to create a joint venture (JV) to invest in the global out-of-home (OOH) advertising sector. The 90-day memorandum of understanding (MoU) will …

Global Economy

25 February 05:59 PM Multiply Group expands in Europe via majority stake in Castellano Investments

Abu Dhabi – Mubasher: Multiply Group has agreed to secure a 67.91% stake in Castellano Investments, the owner of Tendam Brands, becoming the majority shareholder in the company alongside Llano Holdings and Arcadian Investments. The transaction, …

Companies Investments

4 February 11:31 AM Multiply Group’s profits fall to AED 189m in 2024; revenues surge 56%

Abu Dhabi – Mubasher: Multiply Group posted lower net profits after tax at AED 189.03 million in 2024, compared to AED 551.98 million in 2023. Revenues increased by 56% year-on-year (YoY) to AED 2.02 billion at the end of December 2024 from AED …

Financial Results

24 November 2024 10:10 AM Multiply Group announces 2 key appointments

Abu Dhabi – Mubasher: The board members of Multiply Group appointed Syed Basar Shueb Syed Shueb as the company’s Chairman. Hamad Khalfan Al Shamsi was announced as the Vice Chairman of the UAE-based group, according to a bourse disclosure. The …

Management Decisions

31 October 2024 00:01 PM Multiply Group’s revenues hike 47% in Q3-24 following key acquisition deals

Abu Dhabi – Mubasher: Multiply Group recorded a net profit excluding fair value changes amounting to AED 207 million in the third quarter (Q3) of 2024, according to the financial results. This brings the net profit for the first nine months (9M) …

Mergers and Acquisitions

30 July 2024 02:17 PM Multiply Group records solid performance in H1-24 results

Abu Dhabi – Mubasher: Multiply Group swung to net losses valued at AED 3.25 billion in the first half (H1) of 2024, against net profits worth AED 400.06 million. Revenues increased year-on-year (YOY) to AED 833.37 million in H1-24 from AED 545.50 …

Financial Results

14 July 2024 02:17 PM Multiply Group accepts Chairman’s resignation; Shueb succeeds

Abu Dhabi – Mubasher: The board of Multiply Group approved the resignation of Andre Sayegh from his position as the Chairman of the company due to personal reasons and professional commitments. Sayegh’s resignation became effective on 9 July 2024, …

Management Decisions

12 June 2024 00:57 PM Multiply Group’s Omorfia acquires TGCH to expand in MENA

Abu Dhabi – Mubasher: Omorfia Group, a beauty anchor majority owned by Multiply Group, has fully acquired the Grooming Company Holding (TGCH), a provider of salon and beauty services in the UAE. Omorfia closed the deal with CedarBridge Capital …

Global Economy

5 May 2024 02:42 PM Multiply Group’s net profit jumps 48% YoY in Q1-24

Abu Dhabi – Mubasher: Multiply Group registered a net profit excluding fair value changes of AED 393 million in the first quarter (Q1) of 2024, up 48% year-on-year (YoY) from AED 266 million. The group revenue surged by 45% YoY to AED 391 million …

Financial Results

27 February 2024 11:31 AM Multiply reinforces media portfolio via acquisition of BackLite

Abu Dhabi – Mubasher: Multiply Group has fully acquired BackLite Media, a premier Digital Out-of-Home (DOOH) advertising firm, to expand its footprint in the burgeoning Out-of-home (OOH) advertising space. BackLite Media has assets in key …

Mergers and Acquisitions

7 February 2024 04:59 PM Multiply Group witnesses strong performance in 2023; revenues up 15%

Abu Dhabi – Mubasher: Multiply Group registered AED 337.80 million in net profit attributable to the owners during 2023, compared to AED 18.42 billion in 2022. Net profits excluding fair value changes reached AED 1.11 billion in 2023, according to …

Financial Results

22 October 2023 09:44 AM Multiply Group records AED 410m profits to owners in 9M-23

Abu Dhabi – Mubasher: The net profits attributable to the shareholders of Multiply Group hit AED 410.12 million in the first nine months (9M) of 2023, versus AED 9.64 billion in 9M-22. The group’s year-to-date net profit excluding fair value …

Financial Results

7 September 2023 09:20 AM Multiply Group concludes 55% ownership in Media 247

Abu Dhabi – Mubasher: Multiply Group has completed its acquisition of a 55% majority stake in Media 247 at a value of AED 225 million, according to a press release. The transaction followed the ADX-listed firm’s AED 184 million acquisition deal …

Companies Investments

25 July 2023 01:19 PM Multiply Group’s profits exceed AED 325m in H1-23

Abu Dhabi – Mubasher: Multiply Group registered AED 325.28 million in net profit attributable to the shareholders during the first half (H1) of 2023, an annual decline from AED 389.30 million. The UAE-based company’s revenues hit AED 545.50 …

Financial Results

12 July 2023 10:54 AM Multiply Group announces AED 367m stake in EIG’s Breakwater Energy

Abu Dhabi - Mubasher: Multiply Group announced plans to acquire a minority interest in Breakwater Energy, a wholly owned subsidiary of EIG, for AED 367 million, equivalent to $100 million. This investment comes under the group’s sector-agnostic …

Mergers and Acquisitions

2 May 2023 09:44 AM Multiply Group unveils Q1-23 financial results, dividends

Abu Dhabi - Mubasher: The net profits excluding fair value gains/ losses of Multiply Group surpassed AED 266 million in the first quarter (Q1) of 2023, recording a 241% year-on-year (YoY) leap. The UAE-based company posted revenues worth AED …

Financial Results