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President His Highness Sheikh Mohamed bin Zayed Al Nahyan has approved the Board of Directors for XRG, a groundbreaking international energy investment firm. Established by Adnoc in November 2024 with an enterprise value surpassing $80 billion (Dh290 billion), XRG will focus on strategic investments that leverage the transformation of global energy systems, foster sustainable economic growth, and boost long-term value creation. XRG is uniquely equipped to lead this transformation, tackling the projected rise in global energy demand by 2050, along with the growing demand for advanced artificial intelligence (AI) systems that will optimize energy production, distribution, and efficiency. The company will also promote lower-carbon energy solutions and technologies.
The newly appointed Board of Directors comprises world-class experts in energy, chemicals, infrastructure, investment, technology, sustainability, and economic development. Their extensive expertise positions XRG to implement its ambitious growth strategy.
- Executive Chairman, Dr Sultan Ahmed Al Jaber
- Board Member, Mohamed Hassan Alsuwaidi
- Board Member, Dr Ahmed Mubarak Al Mazrouei
- Board Member, Jasem Al Zaabi
- Board Member, Jon Gray
- Board Member, Nassef Sawiris
- Board Member, Bernard Looney
XRG reinforces Adnoc's dedication to expediting its international expansion in response to the substantial global energy investment opportunities. The company will concentrate on addressing key trends, such as the rapid growth of artificial intelligence (AI), the evolution of global energy systems, and the escalating energy needs of emerging economies, where population growth and urbanization are reshaping energy markets.
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