Page 133 - ALEF EDUCATION PR REPORT FEBRUARY 2025

3/12/25, 3:38 PM Investment platform 2PointZero to be listed on ADX by end of year, CEO says | The National
Abu Dhabi's International Holding Company set up last year 2PointZero year with a total asset base

of Dh100 billion ($27.2 billion).

Companies under 2PointZero include private investment firm Chimera as well as its subsidiaries

Lunate and Beltone.

International Resources Holding, which is focused on energy transition minerals, Sagasse
Investments, which had total assets of Dh8 billion as of 2023 and Citadel Technologies, which

operates a crypto mining plant in Abu Dhabi and specialises in Bitcoin extraction, are among other
businesses in the new holding company.

Earlier this month, 2PointZero bought Cairo-based digital financial service provider Maseera

Holding and revealed plans to invest up to $1 billion over the next few years to support its
expansion.

Last year, IRH completed the acquisition of Mopani Copper Mines in Zambia, to expand its

operations in the mining sector, with the value of the deal resting at $1.1 billion.

Ms Al Mheiri said the Zambia mine is delivering about 100,000 tonnes of copper, with a plan to

increase output to 220,000 tonnes.

"IRH is a fully integrated mining company, exploration, mining all the way up to trading. So it's not
just buying assets in the mining sector, but actually operating," she said.

The listing plans come as IPO momentum continues in the Middle East, with the region's economies

moving ahead with their diversification strategies.

Last year, a number of companies listed their shares on regional stock markets including food

delivery platform Talabat Holding, Lulu Group, Oman's oil and gas company OQEP, ADNH
Catering, a unit of Abu Dhabi National Hotels, NMDC Energy, a unit of Abu Dhabi

contractor National Marine Dredging Company, and Alef Education, among others.

On Wednesday, UAE technology company Alpha Data said it raised Dh600 million from its IPO on
the ADX.

Updated: February 28, 2025, 1:51 PM

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