The Abu Dhabi National Oil Company (ADNOC) was selected by Brand Finance, the world’s leading brand valuation and strategy consultancy, as the most valuable brand in the Middle East, ADNOC announced on January 22.

“In line with the leadership’s guidance, ADNOC has been undergoing a significant business transformation, underpinned by innovative partnerships and investments that are key to unlocking and maximizing value across our full portfolio,” Sultan Ahmed Al Jaber, UAE Minister of State and ADNOC CEO said.

ADNOC is one of the five included in the list of the most 500 valuable brands in the world with a brand valuation of around $8.9 billion.

“We forge ahead with our integrated 2030 growth strategy and further unlock, enhance, and create value from all our resources,” Al Jaber added.