Sovereign Funds
XRG
United Arab Emirates · 2024 · ADNOC
ADNOC's international energy and chemicals investment company, launched in November 2024 with a stated enterprise value above USD 80 billion (AED 290 billion) and wholly owned and controlled by ADNOC, according to ADNOC Gas's 2025 integrated report. Dr Sultan Ahmed Al Jaber is its Executive Chairman; the board, endorsed by the UAE President in December 2024, includes Mohamed Hassan Alsuwaidi, Jassem Al Zaabi, Blackstone's Jon Gray, Nassef Sawiris and Bernard Looney. Since September 2025 it holds ADNOC's shares in ADNOC Gas. It publishes no financial statements.
Mandate: An international energy investment company, by its own description, making strategic investments in the transformation of global energy systems through three platforms: international gas, global chemicals and low-carbon energies.
Key facts
No verified figure held yet.
Ownership and relationships
- holds ADNOC's shares inADNOC GasADNOC Gas — Integrated Report 2025 with audited FY2025 financial statements · as of 16 Feb 2026 ↗
- Executive Chairman:Sultan Ahmed Al JaberXRG — corporate website and press releases · 12 Dec 2024 ↗
- sole owner:ADNOCADNOC Gas — Integrated Report 2025 with audited FY2025 financial statements · as of 16 Feb 2026 ↗