The Abu Dhabi Global Market (ADGM) has appointed Rashed Abdulkarim Al Balooshi as CEO of its Registration Authority, effective immediately, according to a statement issued on June 16.
Al Balooshi replaces Hamad Al Mazrouei, who has taken on a new role elsewhere in Abu Dhabi. The Registration Authority is responsible for licensing, supervising, and regulating non-financial businesses operating within ADGM.
As CEO, Al Balooshi will oversee entity registration, business set-up processes, and corporate service regulation across ADGM’s jurisdiction. His mandate includes enhancing operational efficiency, streamlining business processes, and ensuring alignment with international regulatory standards.
Al Balooshi previously served as CEO of the Abu Dhabi Securities Exchange (ADX) and Under Secretary of the Abu Dhabi Department of Economic Development (ADDED). He also holds multiple board and committee positions at both federal and local levels.
ADGM Chairman Ahmed Jasim Al Zaabi stated that the appointment is part of the centre’s broader strategy to strengthen its leadership and enhance its global financial hub status in line with Abu Dhabi’s economic objectives. He also acknowledged the contributions of Al Mazrouei during his term.
ADGM continues to expand its institutional framework following recent legal reforms and growing interest from international corporations and investment firms. The financial centre recorded over 1,400 operational entities as of Q1 2025, with particular growth in asset management, fintech, and professional services.
