Multiply Group invests AED 367 million in EIG’s Breakwater Energy

Abu Dhabi, UAE; 12July2023:Multiply Group (ADX: MULTIPLY), an Abu Dhabi-based investment holding company, is acquiringa minority interestin Breakwater Energy for AED 367 million ($100 million).This investment comes under Multiply+, the Group’s sector-agnostic arm that is more opportunisticin nature.

Through this acquisition, Multiply Group will become part owner of a highly profitable and cash generative, diversified global upstream portfolio with significant gas weighting and reserve life, offering an attractive dividend profile.

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