Abu Dhabi Global Market reports rapid growth
- Date: 07-Mar-2024
- Source: AGBI
- Sector:Financial Services
- Country:UAE
Abu Dhabi Global Market reports rapid growth
Abu Dhabi Global Market (ADGM) said that over 125 companies are in the pipeline to be registered, as the international financial centre reported continued growth. Assets under management (AUM) grew by 35 percent in 2023, with 102 asset managers managing 141 funds, ADGM said in a statement. While it did not give the total value […]Abu Dhabi Global Market (ADGM) said that over 125 companies are in the pipeline to be registered, as the international financial centre reported continued growth.
Assets under management (AUM) grew by 35 percent in 2023, with 102 asset managers managing 141 funds, ADGM said in a statement.
While it did not give the total value of AUM, ADGM claims to be the “fastest-growing” financial centre in the region for two consecutive years.
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The total number of operational entities rose to 1,825 last year, up 32 percent year on year. In addition, 88 financial institutions and two exchanges received in-principle approvals, a significant number of which were from the asset management sector.
ADGM’s workforce also climbed to 13,394, a 22 percent rise year on year.
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