International Holding Company, the UAE’s largest company by market capitalisation, has appointed a new board to lead the next phase of growth at its investment unit 2PointZero Group, with Sheikh Zayed bin Hamdan named as chairman.

Sheikh Zayed, formerly chairman of 2PointZero, will now lead the merged entity formed from IHC portfolio companies 2PointZero, Multiply Group and Ghitha Holding, which is listed on ADX.

Mariam Almheiri, managing director of 2PointZero, will become vice chairwoman, IHC said in a statement on Tuesday to Abu Dhabi Securities Exchange, where its shares are traded.

Other board members

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