Abu Dhabi's state-owned oil company, ADNOC, has successfully completed a share sale in its gas business unit amounting to $2.84 billion, marking one of the largest share sales in the Middle East and North Africa region. This share placement, equivalent to 4% of ADNOC Gas' capital, aims to enhance liquidity and broaden the shareholder base. Khaled Al Zaabi, ADNOC's Group Chief Financial Officer, highlighted the strategic objectives of the offering in aligning with the company's long-term goals. The success of this placement follows ADNOC's previous IPO of its gas business unit, which raised $2.5 billion in 2023. The article also outlines ADNOC's establishment of a new investment company named XRG, focused on low-carbon solutions, chemicals, and natural gas, with a substantial enterprise value of $80 billion. This move reflects ADNOC's commitment to diversifying its portfolio and venturing into sustainable energy solutions. Furthermore, the company has expanded its operations to the United States, engaging in partnerships for hydrogen production hubs and LNG projects. ADNOC's involvement in global investments demonstrates its dedication to adopting cleaner energy practices and driving innovation in the sector.