DUBAI, Jan 2 (Reuters) - Abu Dhabi conglomerate International Holding Company (IHC) on Tuesday announced it had established 2PointZero, a holding company which will have more than 100 billion dirhams ($27.23 billion) in assets.

2PointZero will hold ownership in entities whose transfer to IHC has been initiated, after obtaining approval from the board, the statement said. The transfer of ownerships into 2PointZero is pending regulatory approvals.

2PointZero's portfolio will span private equity, alternative investments, investment banking and brokerage, in addition to artificial intelligence, mining and cryptocurrency ecosystems, it said. (Reporting by Hadeel Al Sayegh; editing by Jonathan Oatis)