Financial Services Firms

ADCORP Ltd

service
Financial Services Permission Number
160005
Date of Financial Services Permission
04 July 2017
Address
33rd floor, Al Khatem Tower, Abu Dhabi Global Market Square, Al Maryah Island, Abu Dhabi, United Arab Emirates
Legal Status
Private Company Limited by Shares
Phone
+971 2 610 8383
Regulated Activities
Type
Effective date
Withdrawn date
Acting as the Administrator of a Collective Investment Fund
04 July 2017
Effective date
04 July 2017
Withdrawn date
Advising on Investments or Credit
04 July 2017
Effective date
04 July 2017
Withdrawn date
Arranging Credit
04 July 2017
Effective date
04 July 2017
Withdrawn date
Arranging Custody
04 July 2017
Effective date
04 July 2017
Withdrawn date
Arranging Deals in Investments
04 July 2017
Effective date
04 July 2017
Withdrawn date
Dealing in Investments as Principal
04 July 2017
Effective date
04 July 2017
Withdrawn date
Managing Assets
04 July 2017
Effective date
04 July 2017
Withdrawn date
Managing a Collective Investment Fund
04 July 2017
Effective date
04 July 2017
Withdrawn date
Providing Credit
04 July 2017
Effective date
04 July 2017
Withdrawn date
Shari’a-Compliant Regulated Activities
04 July 2017
Effective date
04 July 2017
Withdrawn date
Conditions
In accordance with FSMR Section 30(4)(a) the following limitation(s) and stipulation(s) apply to each Regulated Activity as detailed:
  • ADCORP Ltd is not permitted to deal with Retail Clients, as defined in the Conduct of Business (COBS) module of the FSRA Rulebook; and
  • Shall ensure their Shari’a-compliant Regulated Activities in relation to unrestricted PSIAs are to be conducted utilising an interbank unrestricted investment wakalah agreement.
Regulatory Actions
Approved Persons
Reference Number
Name
Role
Status
Effective date start
Withdrawn date
00084
Mohammed Ahmed Abdulla Ali
Licensed Director
Current
10 November 2019
Reference Number
00084
Name
Mohammed Ahmed Abdulla Ali
Role
Licensed Director
Effective date start
10 November 2019
Withdrawn date
00086
Abubaker Seddiq Mohamed Hussain Alkhoori
Licensed Director
Current
18 February 2019
Reference Number
00086
Name
Abubaker Seddiq Mohamed Hussain Alkhoori
Role
Licensed Director
Effective date start
18 February 2019
Withdrawn date
00012
Mustafa Kheriba
Licensed Director
Current
04 July 2017
Reference Number
00012
Name
Mustafa Kheriba
Role
Licensed Director
Effective date start
04 July 2017
Withdrawn date
00087
Shaikh Ahmed Khalifa Salman Alkhalifa
Licensed Director
Current
22 May 2018
Reference Number
00087
Name
Shaikh Ahmed Khalifa Salman Alkhalifa
Role
Licensed Director
Effective date start
22 May 2018
Withdrawn date
00085
Jassim Alseddiqi Alansari
Licensed Director
Current
04 July 2017
Reference Number
00085
Name
Jassim Alseddiqi Alansari
Role
Licensed Director
Effective date start
04 July 2017
Withdrawn date
Ahmed Almutawa
Licensed Director
Withdrawn
04 July 2017
07 August 2017
Reference Number
Name
Ahmed Almutawa
Role
Licensed Director
Effective date start
04 July 2017
Withdrawn date
07 August 2017
Amit Wanchoo
Licensed Director
Withdrawn
04 July 2017
28 October 2018
Reference Number
Name
Amit Wanchoo
Role
Licensed Director
Effective date start
04 July 2017
Withdrawn date
28 October 2018
Fraih Saeed Helal Alqubaisi
Licensed Director
Withdrawn
16 August 2017
22 May 2018
Reference Number
Name
Fraih Saeed Helal Alqubaisi
Role
Licensed Director
Effective date start
16 August 2017
Withdrawn date
22 May 2018
Hesham Alrayes
Licensed Director
Withdrawn
04 July 2017
07 August 2017
Reference Number
Name
Hesham Alrayes
Role
Licensed Director
Effective date start
04 July 2017
Withdrawn date
07 August 2017
00088
Mazen Mohammed A Al Saeed
Licensed Director
Withdrawn
22 May 2018
28 October 2019
Reference Number
00088
Name
Mazen Mohammed A Al Saeed
Role
Licensed Director
Effective date start
22 May 2018
Withdrawn date
28 October 2019
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