12. ADNOC Gas *

Country: U.A.E.
Sector: Energy
CEO: Ahmed Mohammed Alebri
Market Value: $62.1 billion
Sales: $17.9 billion
Profits: $4.7 billion
Assets: $29 billion

ADNOC Gas was formed through the merger of ADNOC Gas Processing, ADNOC LNG, and ADNOC Industrial Gas. It became operational in January 2023. It has access to 95% of the U.A.E.'s natural gas reserves, supplies around 60% of the U.A.E.’s gas needs, and exports natural gas and related products to over 20 countries. In March 2023, it raised $2.5 billion by selling 5% of its total issued share capital on the Abu Dhabi Securities Exchange, becoming the ADX’s largest-ever IPO.