{"id":83227,"date":"2024-03-25T00:00:00","date_gmt":"2024-03-25T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/03\/25\/uaes-ihc-plans-to-list-subsidiary-2pointzero-on-the-adx\/"},"modified":"2024-03-25T00:00:00","modified_gmt":"2024-03-25T00:00:00","slug":"uaes-ihc-plans-to-list-subsidiary-2pointzero-on-the-adx","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/03\/25\/uaes-ihc-plans-to-list-subsidiary-2pointzero-on-the-adx\/","title":{"rendered":"UAE\u2019s IHC plans to list subsidiary 2PointZero on the ADX"},"content":{"rendered":"

2PointZero is heading the ADX: <\/strong>UAE\u2019s Investment giant International Holding Company (IHC<\/a>) plans to list its recently established subsidiary 2PointZero<\/a> \u2014 which specializes in investing in emerging tech, mining, and resource management \u2014 on the Abu Dhabi bourse sometime next year, IHC CEO Syed Basar Shueb told Bloomberg<\/a> last week. Financial details regarding the IPO were not disclosed.<\/p>\n

IHC has been eyeing the listing for some time: <\/strong>The firm\u2019s initial decision to move the assets under a new holding came in anticipation of a listing debut, Shueb adds. The business listing is expected to raise \u201csignificant capital injection\u201d for the companies, helping fuel their growth.<\/p>\n

REFRESHER- IHC launched 2PointZero earlier this year:<\/strong> IHC set up 2PointZero earlier this year in January<\/a> as a holding company expected to hold some AED 100 bn (USD 27 bn) of assets under its umbrella. The portfolio companies under the umbrella are: Chimera Investment, private-markets focused firm Lunate<\/a>, crypto mining player Citadel Technologies, MENA-focused Sagasse Investments, Egypt\u2019s Beltone Financial Holding, as well as Abu Dhabi\u2019s International Resources Holding (IRH). <\/p>\n

IRH is active in mining:<\/strong> IRH \u2014 one of the five companies under 2PointZero\u2019s umbrella \u2014 is a natural resources extraction company that spans the entire mining value chain including in minerals that are critical to the energy transition, according to their website<\/a>. IRH currently operates projects in Angola, Burundi, the Democratic Republic of Congo, South Africa, Tanzania, Zambia, and Zimbabwe.<\/p>\n

More expansions underway: <\/strong>An IHC unit is exploring acquiring an 80% stake in Zambia's Lubambe Copper Mine<\/a> from EMR Capital<\/a>, sources familiar with the matter told Reuters<\/a> on Friday. This comes after EMR signed an agreement to sell the stake to China's JCHX Mining<\/a> in January. The agreement is pending approval by Zambia\u2019s government which owns the rest 20% of the mine IHC also expressed interest in acquiring<\/a> the Zambian Mopani copper mines \u2014 Africa\u2019s second largest producer \u2014 last October.<\/p>\n

And there\u2019s more: <\/strong>IHC is also planning to list Sirius International Holding<\/a> \u2014 which recently launched<\/a> its Smart Sustainability Solutions (S3) climate company focusing on water scarcity and efficiency, circular economy, methane, and carbon \u2014 on the ADX next year, Shueb told Bloomberg. <\/p>\n","protected":false},"excerpt":{"rendered":"

IHC set up the subsidiary with a listing in mind<\/p>\n","protected":false},"author":1,"featured_media":83228,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[378],"tags":[11,382,377,196,52],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-83227","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo-watch","tag-enterpriseclimate","tag-international-holding-company","tag-ipo-watch","tag-mining","tag-uae","wpautop","entry"],"acf":{"mongo_id":"c2028925-90d8-4678-afcd-3ccf57f17234","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/3\/2206.jpg","photo_position":"above","homepage_title":"","full_issue_title":"UAE\u2019s IHC plans to list subsidiary 2PointZero on the ADX","related_issue":[83213],"teaser":"IHC set up the subsidiary with a listing in mind","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/3\/.357adaee-94e7-48c8-9158-cb2ad3ef79aa.mp3"},"yoast_head":"\nUAE\u2019s IHC plans to list subsidiary 2PointZero on the ADX - 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