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3/4/25, 11:25 AM ADGM sees 245% growth in assets under management in 2024 | Emirates News Agency

ADGM sees 245% growth in assets under management in 2024

Thursday, February 27, 2025 10:12 PM3 minutes Reading

Summary A+

ABU DHABI, 27th February, 2025 (WAM) -- Abu Dhabi Global Market (ADGM), the international financial

centre of the UAE capital, experienced unprecedented growth in 2024, with assets under management (AUM)
surging 245 percent.

The expansion to Al Reem Island was successfully completed, reinforcing Abu Dhabi’s status as the ‘Capital

of Capital.’
Ahmed Jasim Al Zaabi, Chairman of ADGM, said, “Abu Dhabi stands at the forefront of global finance,

exemplifying stability, ambition, and economic growth. As the ‘Falcon Economy’ strengthens its position as a

premier destination for investment and innovation, ADGM plays a key role in supporting this growth.”
ADGM saw a 245 percent increase in AUM in 2024, compared to 35 percent in 2023, now hosting 134 asset

and fund managers overseeing 166 funds. The number of financial institutions rose to 275, with 79 newly

licensed firms, including BlackRock, Polen Capital, PGIM, Nuveen, General Atlantic, Lone Star Funds,
Investindustrial, Marshall Wace, AXA IM, Eiffel Investment ME, GQG Partners, SS&C Financial Services and

Morgan Stanley.
Following ADGM’s jurisdictional expansion to Al Reem Island in 2023, integration was completed by the end

of 2024, bringing in 1,100 businesses. ADGM introduced incentives such as fee exemptions for non-financial

and retail businesses on Al Reem Island until 31st December 2024. The total number of operational entities
grew to 2,381, marking a 32 percent year-on-year increase, with workforce numbers rising by 39 percent.

Numou, ADGM’s SME lending platform, strengthened its position in 2024 by expanding its partner network,
including Khalifa Fund for Enterprise Development and private credit providers such as Credible-X, Klubworks

and NymCard Payment Technologies.

In 2024, ADGM’s Financial Services Regulatory Authority (FSRA) introduced frameworks for fiat-referenced
tokens (stablecoins), ESG Greenwashing guidance, IT Risk Management and updated Prudential Rules in

line with Basel Committee recommendations. A whistleblowing framework was also launched, including a

dedicated reporting portal.
The Registration Authority (RA) enhanced Real Property Regulations, introduced off-plan development

regulations, and launched AccessRP, a digital real estate transaction platform.

ADGM reaffirmed its role in sustainable finance with a discussion paper on the region’s first comprehensive
Sustainable Finance Regulatory Framework. Key asset managers focused on sustainable investing—

including TPG, Patrizia, Alterra, Fiera Capital, Nuveen, Kimmeridge, Marshall Wace, PGIM, Polen Capital, Joy

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