Multiply Group

MULTIPLY

AEM001001019

Investment Holding Companies

Market Closed - Abu Dhabi Securities Exchange Other stock markets 06:55:00 2024-04-26 am EDT			5-day change	1st Jan Change
2.37 ^AED	-1.25%		-2.47%	-25.47%

Apr. 15	UAE Stocks Close Mixed as Iran-Israel Conflict Escalates	MT
Feb. 26	Multiply Group PJSC acquired BackLite Media FZ-LLC.	CI

Multiply Group PJSC acquired BackLite Media FZ-LLC.

February 25, 2024

Multiply Group PJSC (ADX:MULTIPLY) acquired BackLite Media FZ-LLC on February 26, 2024. In 2023, BackLite Media reported revenues of AED 232 million. Stephen Sullivan of Trowers & Hamlins acted as legal advisor and PWC acted as financial advisor for Backlite Media, while Emile Boulos and Celine Bsaibes of Tribonian Law Advisors acted as legal advisor for Multiply Group.

Multiply Group PJSC (ADX:MULTIPLY) completed the acquisition of BackLite Media FZ-LLC on February 26, 2024.

Latest news about Multiply Group

UAE Stocks Close Mixed as Iran-Israel Conflict Escalates	Apr. 15	MT
Multiply Group PJSC acquired BackLite Media FZ-LLC.	Feb. 25	CI
Multiply Group PJSC Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 07	CI
UAE markets end lower on decline in financial, industrial stocks	Dec. 08	RE
Multiply Group PJSC Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	23-10-21	CI
Multiply Group PJSC completed the acquisition of 55% stake in Media 247 for AED 230 million.	23-09-05	CI
EIG's MidOcean Energy taps global investors to back Origin Energy bid - sources	23-07-31	RE
Multiply Group PJSC Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	23-07-25	CI
Multiply Group PJSC agreed to acquire unknown minority stake in Breakwater Energy Holdings S.a r.l. for AED 367 million.	23-07-11	CI
Multiply Group PJSC Reports Earnings Results for the First Quarter Ended March 31, 2023	23-05-02	CI
Multiply Group PJSC signed a binding commitment to acquire a 55% stake in Media 247 for approximately AED 180 million.	23-04-23	CI
Multiply Group PJSC Reports Earnings Results for the Full Year Ended December 31, 2022	23-02-10	CI
Multiply Group PJSC Reports Earnings Results for the Full Year Ended December 31, 2022	23-02-10	CI
Multiply Group PJSC Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022	22-10-28	CI
Multiply Group PJSC acquired 80% stake in International Energy Holding from International Holding Company PJSC.	22-10-03	CI
Multiply Group PJSC(ADX:MULTIPLY) added to S&P Pan Arab Composite	22-09-19	CI
Multiply Group PJSC(ADX:MULTIPLY) added to S&P Pan Arab Composite	22-09-19	CI
Multiply Group PJSC(ADX:MULTIPLY) added to S&P Pan Arab Composite	22-09-19	CI
Multiply Group PJSC(ADX:MULTIPLY) added to S&P Pan Arab Composite	22-09-19	CI
Multiply Group PJSC(ADX:MULTIPLY) added to S&P Pan Arab Composite	22-09-19	CI
Multiply Group PJSC(ADX:MULTIPLY) added to S&P Pan Arab Composite	22-09-19	CI
Multiply Group PJSC(ADX:MULTIPLY) added to S&P Pan Arab Composite	22-09-19	CI
Multiply Group PJSC(ADX:MULTIPLY) added to S&P Pan Arab Composite	22-09-19	CI
Multiply Group PJSC(ADX:MULTIPLY) added to S&P Pan Arab Composite	22-09-19	CI
Multiply Group PJSC(ADX:MULTIPLY) added to S&P Pan Arab Composite	22-09-19	CI

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Company Profile

Multiply Group PJSC is a United Arab Emirates-based entity which is primarily engaged in providing advertisement designing and printing services. The Company has four segments which include Communications, Utilities, Driving training and Wellness. Communications segment engaged in advertisement designing, production and commercial publication printing services. Utilities segment includes installation of district cooling and air conditioning, repair district cooling and investment in infrastructure projects. Driving training segment engaged in management and development of motor vehicles driving training. Wellness segment provides health, wholesale cosmetics and make-up trading, women personal care and other grooming related services.

Sector

Investment Holding Companies

Calendar

2024-07-23 - Q2 2024 Earnings Release (Projected)

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