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In 2005 a majority shareholding in Multiforms was acquired by Emaar Industries & Investments, boosting the company growth as Multiforms transformed from a medium scale operation, into one of the largest architectural façade specialists.
In 2006, Multiforms expanded its facilities from a 3,000 m2 factory in Al Quoz, to an 8,000 m2 facility with the head office located in Dubai Investment Park (DIP). With the completion of the production facilities, Multiforms focused more on unitized panels to improve the quality of the systems supplied, as well as enhancing safety and reducing installation time.
In 2007, a new glass processing facility was also set up at DIP, utilizing the latest technologies in glass processing, which included a tempering line, glass lamination line, and an automatic insulated glass unit (IGU).
In 2009, ACWA Holding, a major infrastructure and investment company in KSA, partnered with EMAAR Industries in Multiforms and in 2016 they acquired the full shares of the company. This enabled Multiforms to strengthen its presence within KSA.
In 2018 ACWA Holding took a strategic decision to exit from all non-core businesses. The aluminium factory production facilities were eventually sold to a reputable interior and fit out contractor, who is now operating the facilities, and remains to be a partner of Multiforms for carrying out fabrication works.
The glass processing facility was separated from Multiforms, as a new legal entity called Glassforms, which has become one of the market leaders in supplying processed glass to aluminum and facade fabrication companies in the GCC.
In January 2020, there was a management buyout by the CEO, Mr Ayman Bustami, who is now the current Chairman of Multiforms.
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