Abu Dhabi-based investment holding company Multiply Group has launched Multiply Media Group (MMG) by uniting three major out-of-home advertising firms. This announcement was made during the World Out of Home Organisation (WOO) Annual Congress in Mexico City. The creation of MMG signals fresh investments and innovative solutions for the out-of-home media sector, enhancing synergy among...
Engie-backed National Central Cooling, commonly known as Tabreed, along with private equity firm CVC, is currently in exclusive discussions to acquire the district cooling business of Abu Dhabi-based Multiply Group. This deal is anticipated to value the unit at over $1 billion, as reported by two sources familiar with the negotiations. According to one of...
Multiply Group has formed a partnership with Saudi Media Company (SMC) by signing a memorandum of understanding to create an advanced advertising technology (AdTech) platform. This collaboration aims to foster innovation in AI-powered advertising solutions, enhance digital capabilities, and penetrate high-growth markets within the MENA region. The partnership will focus on improving the advertising sector...
Multiply Group, an investment holding company based in Abu Dhabi, has made a move by securing a 67.91% stake in Tendam, a prominent player in the fashion retail sector. This landmark investment was made in partnership with CVC Capital Partners and PAI Partners, marking a pivotal moment for Multiply Group’s expansion strategy. The investment is...