Abu Dhabi-based International Holding Company has announced the formation of a new holding company, 2PointZero, a next-generation Holding Company comprising several diverse and dynamic companies.

According to the statement, IHC’s board approved the initiation of the transfer of entities across several sectors to 2PointZero and the move will be completed after obtaining all regulatory approvals. The new company will have more than $27.2 billion (Dh100 billion) in assets.

IHC Chairman, Mr. Tahnoon bin Zayed Al Nahyan said that, “We are proud to announce the formation of 2PointZero, a next-generation holding company that stands at the forefront of pioneering advancements across multiple sectors. Embracing the future with open arms, 2PointZero is committed to having a transformative impact globally.”

“Our dedication to Technology and Artificial Intelligence (AI) is evident in our commitment to developing solutions that redefine industries such as Financial Services, Investment Banking, and Resource Management. Our vision transcends boundaries, and our mission is to build sustainable ecosystems that empower communities, cultivate technological excellence, and ensure financial resilience,” Mr. Al Nahyan added.

“The companies under 2PointZero include Abu Dhabi-based private investment firm Chimera Investments as well as its subsidiaries Lunate and Beltone,” as per the statement.

The new holding company will cover sectors including private equity and alternative investments, venture capital operations, asset management, financial services (microfinancing and insurance), investment banking, securities brokerage and research, AI and technology, mineral and resource management, digital and cryptocurrency ecosystems, and mobility.