Multiply Group buys out Backlite Media

Multiply Group buys out Backlite Media

Abu Dhabi-based holding company Multiply Group has announced its complete acquisition of DOOH advertising company BackLite Media.

The deal includes all operating entities of BackLite Media and is a step in Multiply Group’s broader strategy to enhance and consolidate its Media vertical.

Samia Bouazza, Group CEO and Managing Director of Multiply Group, commented: “The full acquisition of BackLite Media is another strategic milestone in our journey to build an integrated multi-brand media powerhouse.

“This expansion underpins our commitment to driving shareholder value by creating long-term growth and further strengthening Multiply Media’s valuation as we continue readying the vertical for its eventual listing,” adds Bouazza.

According to the Multiply Group, its move into DOOH advertising aligns with market trends and future growth opportunities.

BackLite’s outdoor portfolio comprises  of 86 per cent digital and 14 per cent static advertising solutions.

BackLite Media has secured outdoor spaces across several locations in the UAE, including the Sheikh Zayed Road, The Galleria Mall, Al Qana and Dubai Festival City.

On the merger

Bengt Bendeus, Founder and Chairman of BackLite Media, said, “We are pleased for the acquisition by Multiply Group, reflecting on the journey of BackLite from its founding in 1996 to becoming a key player in the UAE’s outdoor advertising sector.”

Jawad Hassan, Head of the