ABU DHABI: Multiply Group PJSC has completed its acquisition of a majority stake in Ghitha Holding PJSC from International Holding Company PJSC (IHC), the companies announced Thursday. The transaction follows IHC’s general assembly meeting on Nov. 12, where shareholders approved the sale of all shares held in Ghitha by two IHC subsidiaries. IHC Food Holding…
ABU DHABI: CVC DIF, the infrastructure investment strategy of global private markets manager CVC, and National Central Cooling Company PJSC (Tabreed) have announced a strategic partnership to acquire PAL Cooling Holding from Abu Dhabi’s Multiply Group, in a deal valued at approximately AED 3.8 billion. The transaction—subject to customary regulatory approvals—includes eight long-term concessions currently…
Abu Dhabi, UAE: Multiply Group, an Abu Dhabi-based investment holding company, has completed its acquisition of a 55% majority stake in Media 247, a leading outdoor advertising firm in the UAE, for AED 225 million. The acquisition price has been adjusted as a result of the Company’s strong financial performance during the first half of…
ABU DHABI, UAE: Abu Dhabi based Multiply Group has signed a binding commitment to invest AED 275 million (US$75 million) in global visual content creator and marketplace Getty Images. With a broad portfolio that includes the Getty Images, iStock and Unsplash brands, the company reaches and empowers a broad base of retained customers ranging from…
ABU DHABI, UAE: Multiply Group, a subsidiary of International Holding Company (IHC), will list directly on the Abu Dhabi Securities Exchange (ADX) on December 5, 2021, offering investors the opportunity to invest in the field of disruptive digital technology and other key industries, a news release said. Multiply Group, which had assets of AED 8.16…