ADGM, the international financial centre of the UAE capital, has announced the appointment of Rashed Abdulkarim Al Balooshi as Chief Executive Officer of its Registration Authority (RA), with immediate effect.

The move is part of ADGM’s ongoing efforts to strengthen its leadership and advance its strategic objectives in line with Abu Dhabi’s long-term economic vision.

Al Balooshi succeeds Hamad Al Mazrouei, who has embarked on a new role within Abu Dhabi.

In his new position, Al Balooshi will oversee the Registration Authority, which is responsible for the registration, licensing, and oversight of non-financial businesses operating within ADGM.

His remit includes improving operational efficiency, facilitating ease of doing business, and maintaining a transparent and business-friendly regulatory framework aligned with international standards.

With over 24 years of experience in the financial and regulatory sectors, Al Balooshi previously served as Chief Executive Officer of the Abu Dhabi Securities Exchange (ADX) and Undersecretary of the Abu Dhabi Department of Economic Development (ADDED).

He also holds positions on several boards and committees at both local and federal levels.

Ahmed Jasim Al Zaabi, Chairman of ADGM, commented:

“We are pleased to welcome Rashed Al Balooshi to ADGM’s leadership team. His track record and deep understanding of the business and regulatory landscape will be instrumental in driving the next phase of ADGM’s growth.”