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 DrillingADNOC Drilling — condensed interim financial statements, 31 March 2026 · as of 8 May 2026 ↗
- holds ADNOC's majority shareholding inADNOC Logistics & Services (ADNOC L&S)ADNOC Logistics & Services plc — audited consolidated financial statements, 31 December 2025 (ADX) · read on 24 Oct 2026 ↗
- holds ADNOC's equity inADNOC DistributionADNOC Distribution — report and audited consolidated financial statements, 31 December 2025 · as of 2 Feb 2026 ↗
- 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 · source dated 12 Dec 2024 ↗
- sole owner:ADNOC· 100%
ADNOC Gas — Integrated Report 2025 with audited FY2025 financial statements ↗·as of 31 Dec 2025·source dated 16 Feb 2026·updated 18 Oct 2026