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Abu Dhabi Global Market (ADGM) reported a remarkable 245% increase in assets under management in 2024, now overseeing 166 funds managed by 134 firms. The financial centre expanded its jurisdiction to Al Reem Island, integrating over 1,100 businesses and introducing fee exemptions for non-financial sectors until the end of 2024.Operational entities grew by 32% year-on-year to 2,381, with a 39% increase in workforce. The number of financial institutions rose to 275, including 79 newly licensed firms such as BlackRock and Morgan Stanley. New regulatory frameworks were introduced, alongside a whistleblowing portal, while ADGM granted Green Fund Designation to Vortex Energy IV and welcomed 44 new signatories to the Abu Dhabi Sustainable Finance Declaration.
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adgm reports significant growth in assets and new regulatory frameworks in 2024
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