Dubai
Abu Dhabi Financial Group (ADFG) and GFH Financial Group (GFH) announced the appointment of Talal Al Zain as the Chief Executive Officer of the newly established ADCorp, the first Islamic financial institution at the Abu Dhabi Global Market (ADGM). ADCorp is incorporated and subject to final regulatory approval, will be regulated by the ADGM Financial Services Regulatory Authority (FSRA) under a Category 5 “Islamic financial institution” licence. It was established with authorised capital of $100 million (Dh367 million) and its founding shareholders are ADFG and GFH.
