Abu Dhabi's International Holding Co ADX:IHC announced plans on Wednesday to merge several of its portfolio companies into a single investment holding company valued at 120 billion dirhams ($32.67 billion).
It said the transaction, which will see the merger of its companies 2PointZero, Multiply Group ADX:MULTIPLY , and Ghitha Holding ADX:GHITHA, would be completed by mid-November.
($1 = 3.6728 UAE dirham)