Multiply Group
Multiply Group is an Abu Dhabi-listed investment holding company under IHC that pursues a buy-and-build strategy across media, energy, consumer, and digital sectors, controlling 50+ subsidiaries across 85+ countries following its late-2025 merger with 2PointZero and Ghitha Holding.
- Company typePublic
- Founded2003
- HeadquartersAbu Dhabi, United Arab Emirates
- Headcount1,001–5,000
- GTM typeB2B
- OfferingServices
What Multiply Group does
Multiply Group (ADX: MULTIPLY) is an Abu Dhabi-based investment holding company, listed on the Abu Dhabi Securities Exchange and operating as a subsidiary of International Holding Company (IHC). The company pursues a buy-and-build strategy, acquiring controlling stakes in cash-generating businesses across media, utilities, consumer, energy, and digital sectors. Its core holdings include BackLite Media and Media 247 in UAE outdoor advertising, a 67.91% controlling stake in Spanish omnichannel apparel group Tendam (Cortefiel, Springfield, Women'secret, Pedro del Hierro), and — following a late-2025 merger with 2PointZero and Ghitha Holding — a diversified portfolio spanning renewable energy, fintech, mining, and consumer businesses across 85+ countries.
Multiply's underlying technology infrastructure centers on the proprietary Pivot platform, developed within the 2PointZero ecosystem, which uses AI-enabled automation to monitor subsidiaries across 85 countries, automate investment research, and accelerate deal execution by approximately 60%. The platform functions as internal portfolio-management tooling rather than a customer-facing product.
Multiply's business model is that of a diversified holding company: revenue is generated through portfolio dividends, asset appreciation, and capital recycling — not through direct product/service pricing. The GTM is sales-led and transaction-driven, characterized by strategic acquisitions and divestitures (e.g., AED 225 million Media 247 stake in 2023, full BackLite Media acquisition in 2024, $1.035 billion PAL Cooling divestiture in 2025, AED 135 billion merger with 2PointZero and Ghitha Holding in late 2025). End customers are reached indirectly through operating subsidiaries serving enterprise clients in advertising, fashion retail, utilities, and energy infrastructure.
Multiply Group firmographics
Firmographics- Name
- Multiply Group
- Legal name
- Multiply Group PJSC
- Website
- http://multiply.ae
- Company type
- Public
- Founded year
- 2003
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Multiply Group is an Abu Dhabi-listed investment holding company under IHC that pursues a buy-and-build strategy across media, energy, consumer, and digital sectors, controlling 50+ subsidiaries across 85+ countries following its late-2025 merger with 2PointZero and Ghitha Holding.
- Ownership category
- akta.pro rank
Multiply Group industry classification
Industry- Product category
- Investment Holding Company
- NAICS
- Management of Companies and Enterprises (551), Other Investment Pools and Funds (5259)
- akta.pro primary industry
- Co-Investment Aggregators & Multi-Manager Co-Invest Vehicles (FSAHAKAJ)
- akta.pro secondary industry
- Multi-Asset Fund-of-Funds & Multi-Manager Allocation (FSAAAJAI)
Keywords
Where Multiply Group is headquartered
LocationHeadquarters
- HQ city
- Abu Dhabi
- HQ country
- United Arab Emirates
- HQ region
- Middle East
Offices1 record
Markets served
Multiply Group business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Investment Returns and Portfolio Dividends: Multiply Group generates returns through dividends and value appreciation from its portfolio companies including media (BackLite Media, Media 247), district cooling (PAL Cooling Holding), fashion (Tendam), and other investments. The company also benefits from asset consolidation and synergies across subsidiaries.
Go-to-market motion2 records
Distribution channels1 record
Marketing channels3 records
Multiply Group product offering
Product offeringCore offering
Multiply Group is an Abu Dhabi-based investment holding company that invests in and manages a diversified portfolio of cash-generating businesses across media, utilities, energy, mobility, fashion retail, wellness, and digital sectors. The company pursues a buy-and-build strategy, acquiring controlling stakes in operating companies such as BackLite Media, Media 247, and Tendam, and creating synergies across its 50+ subsidiaries. Following the November 2025 merger with 2PointZero Group and Ghitha Holding under International Holding Company, the combined entity holds AED 135 billion in total assets and operates across 85+ countries.
Product overview
Multiply Group is a UAE-based holding company listed on the Abu Dhabi Securities Exchange, operating as a diversified investment portfolio across multiple business segments. The company's structure includes Media & Communications (outdoor advertising through BackLite Media and Media 247), Utilities (district cooling and energy), Mobility, Wellness & Beauty, Digital Economy, and Energy (via subsidiary 2PointZero Group). Following a November 2025 merger, Multiply Group combined with 2PointZero and Ghitha Holding under International Holding Company's umbrella to form a Dh134 billion entity operating across 85+ countries. The company also holds a controlling 67.91% stake in Spanish fashion group Tendam.
Differentiator
Problem solved
Functional benefit
Products and services
- Media & Communications
Quantifiable outcome
- 40,000+ employees across 50+ subsidiaries in 85+ countries
- +1 more outcomes
Companies that use Multiply Group
Customer profileNamed customers3 records
Segments4 records
Ideal customer profiles1 record
Multiply Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability2 records
Multiply Group partnerships and signals
Strategic signalScale indicators8 records
Recent moves9 records
Expansion highlights5 records
Multiply Group competitors and assessment
Company assessmentDirect peers
- International Holding Company (IHC): Abu Dhabi-listed diversified holding company and parent of Multiply Group; operates across similar multi-sector portfolio including media, utilities, food, and real estate with a comparable buy-and-build strategy and government-linked governance model.
- Dubai Holding: Diversified global investment conglomerate owned by the Government of Dubai operating across real estate, hospitality, media, and technology; directly comparable as a UAE government-linked diversified holding company with media and consumer exposure.
- Chimera Investments: Abu Dhabi-listed investment company with diversified holdings across logistics, real estate, and consumer sectors; closely comparable as a regional holding vehicle pursuing similar multi-sector acquisition strategies.
- Waha Capital: Abu Dhabi-listed investment company managing principal investments and a diversified portfolio across sectors including energy, healthcare, and financial services; comparable as a smaller-scale UAE diversified investment holding entity.
- Alpha Dhabi Holding: Abu Dhabi-listed diversified holding company with major stakes in construction, healthcare, real estate, and industrial sectors; comparable as a regional diversified holding vehicle with similar multi-sector buy-and-build approach.
- Investcorp: Bahrain-headquartered alternative investment firm with global asset management and private equity operations across consumer, technology, and financial services; comparable as a Middle East-anchored investment platform pursuing cross-border acquisitions.
Broad incumbents
- Abu Dhabi Developmental Holding Company (ADQ): Abu Dhabi government-owned holding company managing a diversified portfolio of critical infrastructure and consumer-facing businesses; comparable as a regional sovereign-affiliated investment holding platform, though significantly larger and broader in scope.
- Mubadala Investment Company: Abu Dhabi sovereign wealth investor with a global diversified portfolio spanning energy, technology, healthcare, and consumer; relevant as a regional capital allocator with comparable buy-and-hold discipline and government backing.
- Investment Corporation of Dubai (ICD): Principal investment arm of the Government of Dubai managing a diversified portfolio of strategic assets across transport, real estate, and financial services; comparable as a UAE government-linked diversified holding company.
Regional players
- Abu Dhabi National Energy Company (TAQA): Abu Dhabi-listed integrated utilities and energy company partially owned by ADQ; comparable as a regional government-backed energy and infrastructure platform overlapping with Multiply's energy transition and utilities exposure.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
Multiply Group social profiles
Digital presenceMultiply Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
Multiply Group leadership team
Management profileNumber of profiles
Profiles1 record
Multiply Group subsidiaries and ownership
Company hierarchySubsidiaries3 records
Multiply Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Multiply Group M&A and investment
M&A and investmentM&A4 records
Investments3 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Multiply Group
What does Multiply Group do?
Multiply Group is an Abu Dhabi-based investment holding company that invests in and manages a diversified portfolio of cash-generating businesses across media, utilities, energy, mobility, fashion retail, wellness, and digital sectors. The company pursues a buy-and-build strategy, acquiring controlling stakes in operating companies such as BackLite Media, Media 247, and Tendam, and creating synergies across its 50+ subsidiaries. Following the November 2025 merger with 2PointZero Group and Ghitha Holding under International Holding Company, the combined entity holds AED 135 billion in total assets and operates across 85+ countries.
Is Multiply Group a public or private company?
Multiply Group is a public company. It is classified as public and is currently operating.
When was Multiply Group founded?
Multiply Group was founded in 2003. It employs 1,001 to 5,000 people.
Where is Multiply Group based?
Multiply Group is headquartered in Abu Dhabi, United Arab Emirates, in the Middle East region.
How does Multiply Group make money?
One revenue line is on record: investment Returns and Portfolio Dividends.
Who are Multiply Group's main competitors?
Direct peers on record are International Holding Company (IHC), Dubai Holding, Chimera Investments, Waha Capital, Alpha Dhabi Holding and Investcorp. Broad incumbents are Abu Dhabi Developmental Holding Company (ADQ), Mubadala Investment Company and Investment Corporation of Dubai (ICD). Abu Dhabi National Energy Company (TAQA) is listed as a regional player.
Does Multiply Group have an API?
No public API is recorded for Multiply Group.
What industry is Multiply Group in?
Multiply Group's product category is Investment Holding Company. Its primary akta.pro industry code is FSAHAKAJ, Co-Investment Aggregators & Multi-Manager Co-Invest Vehicles, with a secondary code of FSAAAJAI, Multi-Asset Fund-of-Funds & Multi-Manager Allocation. Its NAICS code is 551.