KONTAN.CO.ID - DUBAI - Abu Dhabi conglomerate International Holding Company (IHC) IHC.AD on Tuesday announced it had established 2PointZero, a holding company that will have more than 100 billion dirhams ($27 billion) in assets. 2PointZero will hold ownership in entities whose transfer to IHC has been initiated, after obtaining approval from the board, the statement said. The transfer of ownership into 2PointZero is pending regulatory approvals. 2PointZero's portfolio will span private equity, alternative investments, investment banking, and brokerage, in addition to artificial intelligence, mining, and cryptocurrency ecosystems, it said.
IHC Forms New Holding Company with Expected Assets to Exceed $27 billion
KONTAN.CO.ID - DUBAI - Abu Dhabi conglomerate International Holding Company (IHC) IHC.AD on Tuesday announced it had established 2PointZero, a holding company that will have more than 100 billion dirhams ($27 billion) in assets. 2PointZero will hold ownership in entities whose transfer to IHC has been initiated, after obtaining approval from the board, the statement said. The transfer of ownership into 2PointZero is pending regulatory approvals. 2PointZero's portfolio will span private equity, alternative investments, investment banking, and brokerage, in addition to artificial intelligence, mining, and cryptocurrency ecosystems, it said.