Multiply approves integration of Two Point Zero and Ghitha, boosts valuation to 28 billion euros

Madrid – Following the news reported by FashionUnited last week, an extraordinary General Shareholders' Meeting for Multiply Group, the parent company of Tendam, was held this Monday at its Abu Dhabi headquarters. The meeting was convened to address the complex financial transaction for the integration, via acquisition, of two Emirati companies by Tendam's parent investment holding. The companies are Two Point Zero, an investment holding specialising in technology, financial services, energy and AI; and Ghitha, a food industry conglomerate.