Financial Services Abu Dhabi is home to a robust financial services industry that provides access to global markets and talent .
The emirate ’ s transparent and progressive regulatory framework supports organisations across the banking , insurance and assets management sectors and provides a strong foundation for financial service players to thrive .
Abu Dhabi is home to many major investments , including the Abu Dhabi Investment Authority ( ADIA ); Mubadala Development ; ADQ ; First Abu Dhabi Bank ( FAB ), the second-largest bank in the Middle East ; the Abu Dhabi Global Market ( ADGM ); and the Abu Dhabi Securities Exchange ( ADX ), the second largest exchange in the Middle East in terms of market capitalisation .
Abu Dhabi is set to launch blockchain and a virtual assets strategy to ensure compliance with Anti Money Laundering / Combating the Financing of Terrorism ( AML / CFT ) as well as other related international and local rules and regulations , to build a safe and transparent ecosystem which will help enhance trust and attract more companies to the emirate .
The AED5bn Abu Dhabi IPO Fund has a mandate to identify and invest in 5 – 10 private companies including family businesses and SMEs as well as international companies that seek to expand in this market , and to support up to 20 listings annually with advisory services . Managed by ADDED , Abu Dhabi IPO Fund work to guide these companies towards becoming potential candidates to list on the Abu Dhabi Securities Exchange ( ADX ).
As part of efforts to ensure continuous evolution of capital markets and offerings , ADDED has proposed a regulatory framework governing Special Purpose Acquisition Companies ( SPACs ), which was approved by the UAE Security and Commodities Authority .
ADIO ’ s Innovation Programme has provided support for FinTech companies such as Florin Court Capital , Tribe Infrastructure Group , Fairwater Capital , Frontera Capital , Peninsula and Argentem Creek Partners . ►
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