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UAE Firm With $900 Million in Cash Turns Cautious on Tech Deals

Abu Dhabi based Multiply Group is looking at companies in the wellness and beauty, utilities and media sectors.

Abu Dhabi based Multiply Group is looking at companies in the wellness and beauty, utilities and media sectors.

Photographer: Karim Sahib/AFP/Getty Images

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Multiply Group, the Abu Dhabi holding company with investments ranging from Getty Images to Rihanna’s lingerie firm, is taking a break from pure technology investments to focus on less volatile sectors.