Khaled bin Mohamed bin Zayed meets board members of XRG

Sharjah 24 – WAM: His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has met with the Board of Directors of XRG, the investment company focused on international gas, global chemicals, and low-carbon energies.

Reviewing XRG's investment opportunities

During the meeting, Sheikh Khaled bin Mohamed reviewed XRG's investment opportunities and how the company will help meet the increasing global demand for lower-carbon energy.

Emphasising priorities for growth

Sheikh Khaled bin Mohamed emphasized the significance of prioritizing initiatives and programs that drive the company’s growth across gas, chemicals, and low-carbon energy, in alignment with ADNOC's interests and objectives for XRG.

Strengthening global partnerships for economic growth

He also highlighted the importance of strengthening strategic global partnerships that contribute to realizing the leadership's vision by implementing high-impact projects that support sustainable economic growth.

XRG’s launch and goals

XRG was officially launched during ADNOC’s Annual Board of Directors Meeting in November 2024, with an enterprise value exceeding AED290 billion (US$80 billion). XRG aims to meet rising global demand for energy while supporting sustainable economic growth by expanding ADNOC’s international investments in low-emission energy and chemicals.

Attendees of the meeting

The meeting was attended by Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and Managing Director and Group CEO of the Abu Dhabi National Oil Company (ADNOC), and Executive Chairman of XRG; Dr. Ahmed Mubarak bin Nawi Al Mazrouei, Chairman of the President’s Office for Strategic Affairs and Chairman of the Abu Dhabi Executive Office; Saif Saeed Ghobash, Secretary-General of the Abu Dhabi Executive Council; Jon Gray, President and Chief Operating Officer of Blackstone; Nassef Sawiris, Executive Chair of OCI Global; and Bernard Looney, Chairman of Prometheus Hyperscale.