Tag Archives: ADGM

ADGM’s Asset Management Sector Leads Exponential Growth in Third Quarterof 2024

  • Newlyissued business licences surged to 759 in Q3 2024, a growth of 33% compared to Q3 2023

Abu Dhabi, UAE, 28thNovember2024:ADGM, the international financial centre (“IFC”) of Abu Dhabi, announced another quarter of unprecedented growth, with exceptional achievements for the third quarter (“Q3”) of 2024 across key metrics. The results underscore ADGM’s pivotal role in Abu Dhabi’s strategic ambition to diversify its economy and solidify its position as a premier global destination for finance, investment, and innovation. ADGM continues to align with Abu Dhabi’s economic growth, which registered a 6.6% growth in non-oil GDP, in the Q2 of 2024.

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ADGM Enhances Real Property and Off-Plan Development Regulations

ADGM Enhances Real Property and Off-Plan Development Regulations, Launches Unified Digital Platform

  • The enhancements to the regulations and the launch of the digital platform are in line with ADGM’s continuous efforts to support the seamless transition of Al Reem Island’s real estate sector into ADGM’s jurisdiction.

Abu Dhabi, UAE, 10th October 2024: ADGM, the leading international financial centre in the region, has announced enhancements to its Real Property Regulations, introduced new off-plan development regulations and launched a unified digital platform, AccessRP, following its strategic expansions to Al Reem Island.

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Finstreet, a Rorix Holdings Company, to Launch First Regulated Digital Venue in ADGM for trading both Private and Public Securities

Finstreet, an IHC Group company through Rorix Holdings, unveils a bold mission to create greater liquidity for securities and other financial assets

Summary :

  • Finstreet’s group of subsidiaries constitute the first regulated, globally-focussed market infrastructure to offer an end-to-end digital ecosystem to professional investors, with a focus on providing solutions throughout the value chain, as capital markets rapidly transition to fully digital infrastructures.
  • Finstreet’s three subsidiaries have been granted FSPs (Financial Services Permissions) from ADGM’s FSRA for the launch of a Securities MTF (Multi-Lateral Trading Facility), DSF (Digital Settlement Facility), CSD (Central Securities Depository), PFP (Private Financing Platform), CIF (Collective Investment Fund), Arranging Deals in Investments, Advising on Investments or Credit and Arranging Custody. All are subject to final regulatory approvals for launch.
  • As an MTF, Finstreet Global Markets Ltd will provide a secondary market trading facility for professional clients for securities having their primary market listing on other exchanges
  • Originally pioneered by its founders in the University of Oxford’s SBS Finance Lab, Finstreet is set to launch, supported by a top-tier executive team from leading exchanges and financial institutions globally.
  • Finstreet’s future strategy envisages expansion into a full suite of assets, including commodities, following IHC’s recent announcement of Rorix Holdings, which aligns with the UAE’s CEPA strategy to enhance global finance and trade facilitation.
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