Multiply Group PJSC

Logotype for Multiply Group PJSC
Ticker/ISIN
MULTIPLY
AEM001001019
Market/Country
Abu Dhabi Stock Exchange
United Arab Emirates
Latest Stock Price
2.47 AED
2024-02-21

Year to date

-0.22 %

3 months

0.00 %

6 months

0.00 %

1 year

0.00 %

3 years

0.00 %

5 years

0.00 %

With its trademark growth mindset, Multiply Group PJSC is an Abu Dhabi-based holding company that invests in transformative cash-generating businesses it understands.

Multiply Group will continue to deploy capital across its two distinct arms, both of which follow a disciplined approach to investing and ensure consistent, sustainable value creation for our shareholders in the short-medium and long-term:

Multiply, the investments and operations in long-term strategic verticals, currently Mobility, Energy and Utilities, Media and Communications and Beauty and Wellness. Anchor investments provide long term recurring income, through which bolt-on acquisitions are made.

Multiply+, a flexible, sector-agnostic and opportunistic investment arm.

Latest Pressrelease Summaries

Multiply Group PJSC has released its Directors Report and Financial Information for the three months and six months period ending on 30 June 2024. The document includes details about the company's financial performance and other relevant updates for the specified periods.
On July 29, 2024, at 4:00 PM, a meeting of the Board of Directors of Multiply Group PJSC was held with the majority of board members present. During the meeting, the audited financial statements for Q2 2024 were approved, and other business matters were discussed. The information was communicated to the Securities and Commodities Authority (SCA) and the Market Operations Surveillance Department of the Abu Dhabi Securities Exchange.
The Board of Directors of Multiply Group PJSC held a meeting on July 29, 2024, at 4:00 PM, attended by the majority of board members. During the meeting, the audited financial statements for Q2 2024 were approved, and other business matters were discussed. The information was communicated to the Securities and Commodities Authority (SCA) and the Abu Dhabi Securities Exchange.
The document is a formal notification addressed to the Disclosures and Compliance Section of the Securities and Commodities Authority (SCA) and the Market Operations Surveillance Department of the Abu Dhabi Securities Exchange. It informs them that the Board of Directors of Multiply Group PJSC will hold a meeting on July 29, 2024, at 4:00 PM. The agenda for the meeting includes the approval of the audited financial statements for Q2 2024 and other business matters. The notification is signed by Samia Bouazza, the Group CEO and Managing Director.
On July 9, 2024, Mr. Andre G. Sayegh resigned as Chairman of Multiply Group PJSC’s Board of Directors due to personal reasons and professional commitments. The Board expressed gratitude for his contributions and wished him success in his future endeavors. Mr. Syed Basar Shueb was appointed as the new Chairman effective July 10, 2024. This notification was copied to the Securities and Commodities Authority and the Abu Dhabi Securities Exchange.
On July 9, 2024, Mr. Andre G. Sayegh resigned as Chairman of Multiply Group PJSC's Board of Directors due to personal reasons and professional commitments. The Board expressed gratitude for his contributions to the group's growth and wished him success in his future endeavors. Subsequently, Mr. Syed Basar Shueb was appointed as the new Chairman of the Board of Directors, effective July 10, 2024. This notification was sent to the Securities and Commodities Authority (SCA) and the Abu Dhabi Securities Exchange.
Omorfia Group, the beauty division of Abu Dhabi-based Multiply Group, has acquired 100% ownership of The Grooming Company Holding (TGCH) from CedarBridge Capital Partners. This acquisition, which includes 47 owned and operated salons and 15 franchises across five countries, aligns with Omorfia Group's strategy for growth through targeted acquisitions. TGCH’s portfolio includes brands like N.BAR, 1847, and Sisters Beauty Lounge, serving over 120,000 customers annually. This move brings Omorfia Group's total to 132 owned and operated salons, reinforcing its leadership in the GCC and MENA beauty sectors. The company plans to expand its footprint through organic growth and strategic partnerships. Leaders from both groups emphasized the benefits of combining their operational capabilities and expertise to enhance service quality and drive sustainable growth.
Multiply Group PJSC has announced that Omorfia Group, a subsidiary specializing in beauty and personal care, has acquired 100% ownership of The Grooming Company Holding (TGCH) from CedarBridge Capital Partners. TGCH operates 47 salons and 15 franchises across five countries, offering services to both men and women. The main brands under TGCH include N.BAR, 1847, and Sisters Beauty Lounge, with a combined total of 62 locations. Additionally, Wellbe Trading, a subsidiary of TGCH, is the exclusive distributor of high-end beauty products in the GCC region.

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Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Multiply Group PJSC

Disclosures: Multiply Group PJSC General Press Release

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Multiply Group PJSC

Disclosures: Multiply Group PJSC

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Multiply Group PJSC

Disclosures: Multiply Group PJSC AGM change of organizer

1. Attached Document

ADX News

ADX News

News Update From Multiply Group PJSC

Disclosures: Multiply Group PJSC Board Meeting Results held on 06/02/2024 at 17:30

On February 6, 2024, the Board of Directors of Multiply Group PJSC held a meeting where they discussed and resolved several matters. They approved the audited financial statements for the year 2023 and the date and agenda of the Company’s General Assembly Meeting, which will be disclosed once approval from the concerned authorities is obtained. The board also recommended not to pay dividends for FY 2023, aiming to reinvest the profits for further expansions and investments. Other business matters were also discussed. The meeting was attended by all board members.

1. Attached Document

ADX News

ADX News

News Update From Multiply Group PJSC

Disclosures: Multiply Group PJSC Announcements

On 19th February 2024, Multiply Group PJSC announced a change in the organizer of its annual general assembly meeting, which is now to be managed by the Abu Dhabi Securities Exchange (ADX). The meeting is scheduled for 13th March 2024 at 3:30 pm. Shareholders are advised to send proxy submissions to depository@adx.ae at least two days prior to the meeting to ensure registration and secure voting rights. The company has updated the meeting invite on its website and the ADX website. For inquiries, shareholders can contact 800239 or email depository@adx.ae or ir@multiply.ae.

1. Attached Document

ADX News

ADX News

News Update From Multiply Group PJSC

Disclosures: Multiply Group PJSC Invitation to Attend AGM held on 13/03/2024 at 15:30

The Board of Directors of Multiply Group PJSC has invited its shareholders to attend the General Assembly Meeting. The meeting will be held virtually, with the option for physical attendance at the Company’s headquarters in Abu Dhabi. The meeting is scheduled for Wednesday, 13th March 2024, at 3:30 pm. The agenda includes reviewing and approving the company's activity report, financial position, auditor's report, balance sheet, and profit and loss account for the financial year ended 31/12/2023.

1. Attached Document

ADX News

ADX News

News Update From Multiply Group PJSC

Disclosures: Multiply Group PJSC Invitation to Attend AGM held on 13/03/2024 at 15:30

The Board of Directors of Multiply Group PJSC, a public joint stock company, has invited its shareholders to attend the annual General Assembly Meeting. The meeting will be held virtually and physically at the company's headquarters in Abu Dhabi, UAE, on March 13, 2024. Shareholders can participate remotely via video communication and electronic voting, or they can attend in person. The agenda includes reviewing and approving the Board's report on the company's activities and financial position for 2023, the auditors' report for 2023, and the company's balance sheet and profit and loss account for 2023.

1. Attached Document

ADX News

ADX News

News Update From Multiply Group PJSC

Disclosures: Multiply Group PJSC Board Meeting Results held on 14/02/2024 at 15:00

On 6th February 2024, the Board of Directors of Multiply Group PJSC held a meeting. The board approved the audited financial statements for 2023 and set the date and agenda for the Company's General Assembly Meeting, which will be disclosed once approval from the concerned authorities is obtained. The board also decided not to pay dividends for FY 2023 to reinvest the profits for further expansions and investments. Other business matters were also discussed.

1. Attached Document

ADX News

ADX News

News Update From Multiply Group PJSC

Disclosures: Multiply Group PJSC Press Release on the Financial Results for the Period Ended December 31,2023

The text provides information about the full year financial results for 2023 of Multiply Group P.J.S.C, which is listed on the Abu Dhabi Securities Exchange (ADX) under the ticker MULTIPLY. The details of the results can be found on their website. The results were released on 7th February 2024.

1. Attached Document

ADX News

ADX News

News Update From Multiply Group PJSC

Disclosures: Multiply Group PJSC Financial Results for the Period Ended December 31,2023

The text presents the Directors Report and Financial Information of Multiply Group PJSC for the fiscal year ending on 31 December 2023.

1. Attached Document