We started out as Multiply Marketing Consultancy (MMC) which grew by over 400x organically and a further 24x inorganically to become a leading communications agency in Abu Dhabi. In 2020, we were acquired by IHC, one of the largest and most valuable companies in the UAE; we merged our marketing operations and transformed into Multiply Group, a global tech-focused holding company.
Driven by our obsession with growth and following the acquisition by IHC, we sought funds to implement our diversification strategy, growing a portfolio of businesses across industries which we understand. This increased our exposure to both high-growth companies, with a particular focus on wellness, media and digital solutions, and steady companies which generate recurring income, such as utilities and automotive.
Having adopted a bold and long-term plan focused on acquisitions, asset reorganization and other investments in wellness, advertising, media and utilities, we have achieved a current valuation of 8-10 billion dirhams.
There is no better place we would rather be than here and now: a dynamic group in a thriving ecosystem having already executed six investment deals and strategic partnerships in 2021. And at the core of our drive is the belief that the best is still yet to come.
With a pipeline of global acquisitions lined up, we invest in the future. We are well capitalized and fueled by our innate purpose to empower our stakeholders and the communities we operate in for them to reach their full potential. We empower them to achieve above average growth, maximize their skillset, acquire operational excellence and adopt disruptive technologies so that they turn into pioneers of change to shape the future of their own industries.