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Approval from the Financial Services Regulatory Authority (“Authority”) to establish wholly owned subsidiary in the Abu Dhabi Global Markets (ADGM)

04 فبراير 2018

Abu Dhabi, 4 February 2018: In accordance with Article (35) of the Chairman of the Board of Directors of Emirates Securities and Commoodities Authority's Resolution No. (7 R.M) of 2016 concerning the Standards of Institurional Discipline and Governance of Public Shareholding Companies, we hereby notify the Abu Dhabi Securities Exchange that Abu Dhabi Commercial Bank PJSC has received in- principle approval from the Financial Services Regulatory Authority ("Authority") to establish wholly owned subsidiary in the Abu Dhabi Global Markets (ADGM) to hold a prudential Category 3C license. 

The mentioned approval is subject to certain conditions specified by the Authority.