84. Multiply Group *

Country: U.A.E.
Sector: Investments
Group CEO & Managing Director: Samia Bouazza
Market Value: $10.2 billion
Sales: $306 million
Profits: $5.1 billion
Assets: $11.2 billion

Multiply Group is a subsidiary of IHC. It was listed on ADX in December 2021. Multiply Group has two arms, Multiply and Multiply+. Multiply operates and invests in four verticals, including mobility, energy and utilities, media and communications, and beauty and wellness, while Multiply+ is its investment arm. In April 2023, Multiply Group signed a binding agreement to acquire a 55% majority stake in Media 247 for $50 million. In 2022, it acquired 80% of International Energy Holding LLC for $381.5 million. The group's investments include stakes in Emirates Driving Company, Viola Communications, TAQA Group, DEWA, Borouge, and Getty Images.