{"id":83125,"date":"2024-01-04T00:00:00","date_gmt":"2024-01-04T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/01\/04\/new-finance-first-holdco-in-abu-dhabi-now-owns-chimera-lunate-beltone-and-more\/"},"modified":"2024-01-04T00:00:00","modified_gmt":"2024-01-04T00:00:00","slug":"new-finance-first-holdco-in-abu-dhabi-now-owns-chimera-lunate-beltone-and-more","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/01\/04\/new-finance-first-holdco-in-abu-dhabi-now-owns-chimera-lunate-beltone-and-more\/","title":{"rendered":"New finance-first holdco in Abu Dhabi now owns Chimera, Lunate, Beltone \u2014 and more"},"content":{"rendered":"

Abu Dhabi\u2019s USD 239 bn International Holding Company (IHC) has set up a new <\/strong>finance-focused holding company named 2PointZero<\/strong> expected to hold more than USD 27 bn worth of assets including Chimera, Lunate, and Beltone Financial, according to an IHC statement (pdf)<\/a>. <\/p>\n

2PointZero will also hold crypto mining player Citadel Technologies<\/strong>, Middle-East focused Sagasse Investments, private-markets focused firm Lunate<\/a>, as well as Abu Dhabi\u2019s International Resources Holding.<\/p>\n

The company is \u201ccommitted to having a transformative impact globally<\/strong>,\u201d IHC Chairman Sheikh Tahnoon bin Zayed Al Nahyan said.<\/p>\n

<\/a><\/a> <\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

<\/use><\/svg><\/p>\n<\/td>\n\n

TASI<\/strong><\/p>\n<\/td>\n

\n

11,928.89<\/p>\n<\/td>\n

\n

-1.6 % (YTD: -0.3%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

MSCI Tadawul 30<\/strong><\/p>\n<\/td>\n

\n

1,545.86<\/p>\n<\/td>\n

\n

-1.9% (YTD: -0.3%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

USD : SAR (SAMA)<\/strong><\/p>\n<\/td>\n

\n

3.75<\/p>\n<\/td>\n

\n

3.75<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Interest rates<\/strong><\/p>\n<\/td>\n

\n

6% repo<\/p>\n<\/td>\n

\n

5.5% reverse repo<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

EGX30 <\/strong><\/p>\n<\/td>\n

\n

25,409<\/p>\n<\/td>\n

\n

-0.4% (YTD: +2.1%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

ADX<\/strong><\/p>\n<\/td>\n

\n

9,715.51<\/p>\n<\/td>\n

\n

+1.3% (YTD: +1.4%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

DFM<\/strong><\/p>\n<\/td>\n

\n

4,077.58<\/p>\n<\/td>\n

\n

-0.3% (YTD: +0.4%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

S&P 500<\/strong><\/p>\n<\/td>\n

\n

4,704.81<\/p>\n<\/td>\n

\n

-0.8% (YTD: -1.4%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

FTSE 100<\/strong><\/p>\n<\/td>\n

\n

7,682.33<\/p>\n<\/td>\n

\n

-0.5% (YTD: -0.7%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Euro Stoxx 50<\/strong><\/p>\n<\/td>\n

\n

4,448.13<\/p>\n<\/td>\n

\n

-1.4% (YTD: -1.6%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Brent crude<\/strong><\/p>\n<\/td>\n

\n

USD 78.25 <\/p>\n<\/td>\n

\n

+3.1%<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n

\n

USD 2.69<\/p>\n<\/td>\n

\n

+0.8%<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Gold<\/strong><\/p>\n<\/td>\n

\n

USD 2,049.70<\/p>\n<\/td>\n

\n

+0.3%<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

BTC<\/strong><\/p>\n<\/td>\n

\n

USD 42,769.25<\/p>\n<\/td>\n

\n

-4.9% (YTD: +154.2%)<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n

THE CLOSING BELL-<\/strong><\/p>\n

The TASI fell 1.6% yesterday<\/strong> on turnover of SAR 11 bn. The index is down -0.3% YTD.<\/p>\n

In the green: <\/strong>Anaam Holding (+9.4%), Alkhaleej Trng (+8.1%) and Al Baha (+7.7%).<\/p>\n

In the red: <\/strong>Acwa Power (-5.4%), Catrion (-5.2%) and Nadec (-4.6%). <\/p>\n

Asian shares are solidly in the red this morning<\/strong>, with Japan leading sentiment down<\/a> as trading resumed after a prolonged New Year\u2019s holiday that saw an earthquake and the burning of a Japan Airlines jet at Tokyo\u2019s Haneda airport after it struck another airplane on landing. Futures suggest benchmark indexes in Europe (excluding the CAC40) will open in the green. It\u2019s also looking good for Wall Street and Bay Street as we head into dispatch time. <\/p>\n

\n

CORPORATE ACTIONS-<\/p>\n

Development Works Food Co. BoD is proposing increasing the company\u2019s capital <\/strong>by SAR 90 mn through a rights issue, it said in a disclosure to Tadawul<\/a> yesterday.<\/p>\n","protected":false},"excerpt":{"rendered":"

The company has AUM of more than USD 27 bn<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","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":[2565],"tags":[2522,889,10,888,890,59],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-83125","post","type-post","status-publish","format-standard","hentry","category-planet-finance","tag-abu-dhabi","tag-chimera","tag-enterpriseam-ksa","tag-ihc","tag-lunate","tag-planet-finance","wpautop","entry"],"acf":{"mongo_id":"d7ea41ed-2b39-44d0-b667-5ac5e92daf7d","is_powered_by":false,"story_type":"1","photo_url":"","photo_position":"above","homepage_title":"","full_issue_title":"New finance-first holdco in Abu Dhabi now owns Chimera, Lunate, Beltone \u2014 and more","related_issue":[83104],"teaser":"The company has AUM of more than USD 27 bn","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/2\/.8c00c017-1020-4314-a6c1-ca5b7f046fca.mp3"},"yoast_head":"\nNew finance-first holdco in Abu Dhabi now owns Chimera, Lunate, Beltone \u2014 and more - 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