Abu Dhabi’s Sheikh Tahnoon Sets up $27 Billion Firm

The largest listed company in Abu Dhabi, led by a prominent member of the emirate's royal family, has established a new holding company with $27 billion in assets spread across industries, including mining and financial services.^[1]  

The new company, 2PointZero, will be integrated into International Holding Co., an Abu Dhabi company valued at $239 billion. Some of Sheikh Tahnoon bin Zayed Al Nahyan's vast enterprise will be included in its holdings. Newly-established Abu Dhabi fund Lunate, which launched $300 million wealthtech firm Alpheya with BNY Mellon in November, will be part of 2PointZero, as will International Resources Holding. Private investment firm Chimera, Egypt's Beltone Financial, crypto miner Citadel Technologies and Sagasse Investments are also earmarked for 2PointZero, pending regulatory approvals. 

The national security adviser of the UAE, Sheikh Tahnoon, currently oversees two wealth funds, the largest lender in the country and a $300 billion private investment corporation.

Other companies under Sheikh Tahnoon's ownership have also looked to make cross-sector investments; last year, they were considering early acquisitions of Standard Chartered Plc and Lazard Ltd. His companies have also been important to Abu Dhabi's digital effort, having invested in the $10 billion fund that seeks opportunities in the industry and TikTok parent ByteDance Ltd.

G42, Abu Dhabi's premier artificial intelligence company, is managed by Sheikh Tahnoon. In July, G42 partnered with Cerebras Systems Inc. to build AI supercomputers.