Sheikh Khalid bin Mohamed chairs first meeting of executive committee of Adnoc's board

The committee approved Adnoc's strategic and financial decisions and matters of corporate governance

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The executive committee of Abu Dhabi National Oil Company's board of directors held its first meeting on Monday.
Chaired by Sheikh Khalid bin Mohamed, member of the Abu Dhabi Executive Council and the chairman of the Abu Dhabi Executive Office, the committee approved Adnoc's strategic and financial next steps, as well as matters of corporate governance.

The committee was also updated on Adnoc's financial results and operational performance. It also reviewed how the company’s strategy is being implemented.

"The committee commended Adnoc’s recent landmark achievements, including the launch of Abu Dhabi’s Murban crude oil futures contracts with ICE Futures Abu Dhabi, the 2030 Sustainability Agenda, the $5.5bn real estate investment and the $20.7bn energy infrastructure deal," Abu Dhabi Media Office said.

The executive committee also includes Dr Sultan Al Jaber, Adnoc managing director and group chief executive and Minister for Industry and Advanced Technology, Minister of Energy Suhail Al Mazrouei, Mubadala Investment Company chief executive Khaldoon Al Mubarak, chairman of Abu Dhabi's Department of Finance Jassem Al Zaabi and Minister of State, Ahmed Al Sayegh.