Adaa Financial Services Says It Is DFSA-Regulated. The Real Licence Ended in 2017
The DFSA says a website using the Adaa Financial Services identity is falsely claiming current DIFC and DFSA status. A genuine Adaa Financial Services Limited previously existed, but its regulatory licence was withdrawn in 2017 and the company was dissolved in 2019.
Arabian Current
The DFSA says the current Adaa Financial Services operation is falsely claiming active DFSA regulation even though the genuine firm's licence ended in 2017 and the DIFC company was dissolved in 2019.
A regulatory record can be real and still be dangerously out of date.
The Dubai Financial Services Authority has warned about an entity using the Adaa Financial Services name and claiming to be currently regulated by the DFSA.
The unusual part is that Adaa Financial Services Limited was once a genuine DFSA-authorised firm.
That does not make the current claim legitimate.
The genuine licence ended in 2017
According to the DFSA, Adaa Financial Services Limited has not been authorised by the regulator since July 2017.
The DIFC company was later dissolved in 2019.
A historic regulatory relationship therefore cannot be used as evidence that a firm is authorised today.
The current website is using the old firm's credibility
The DFSA says a website is using the former firm's name and details while claiming that Adaa is a DIFC-based wealth and asset management firm regulated by the DFSA.
The website also claims to maintain a physical office inside DIFC.
The regulator says those current regulatory and location claims are false.
This is why an old licence number is not enough
Consumers checking a company may find historical evidence showing that a similarly named legal entity genuinely existed.
That can make the claim appear much stronger than a completely fabricated company.
The correct question is not whether the firm was ever regulated.
It is whether the exact entity is authorised now.
A company name can survive longer online than the company itself
Websites, archived documents, old directories and copied regulatory information can remain visible long after a firm's legal or regulatory status changes.
A scammer does not need to invent every credential if historical corporate information can be reused.
That makes current regulator records more important than screenshots or documents carrying an old company identity.
The verdict attaches to the current claim
Arabian Current's AVOID verdict applies to the current entity and website identified by the DFSA as falsely claiming regulatory status.
It does not mean the historical Adaa Financial Services Limited was fake while it was genuinely authorised.
The distinction matters because the warning concerns the misuse of an old identity and regulatory history.
How to verify the claim
Search the DFSA's current Public Register for the exact legal entity.
Check whether its status is active and whether its permissions cover the investment or financial service being offered.
Do not rely on a company's own statement that it is based in DIFC or regulated by the DFSA.
What Arabian Current is watching
Watch for additional domains, communications or investment offers using the Adaa identity and for further DFSA information about the people behind the current operation.
This case is a useful reminder that impersonation does not always copy a company that is active today. Sometimes it revives one that stopped existing years ago.
Historical records existed for a genuine Adaa Financial Services Limited that had previously been regulated in DIFC.
The DFSA has warned that a current website is using that identity and falsely claiming present-day DFSA regulation and a DIFC office.
Users should verify any current Adaa-related financial offer directly against the DFSA Public Register and watch for replacement websites or identities.
What supports this verdict.
Checks and evidence stay linked to the review date.
The DFSA directly states that the genuine firm's licence was withdrawn on 13 July 2017, the company was dissolved in 2019 and the current website's claims of DFSA regulation and a DIFC office are false.
The operating entity and marketed identity are checked as separate records.
Licence and regulator claims are assessed against the evidence available at the checked date.
Claims that could materially change the verdict remain visible rather than disappearing into the conclusion.
Open the evidence record.
1 linked sourceSupport + limitations recorded.
01Core evidenceFalse Claims by Adaa Financial Services that it is Regulated by the DFSA
Dubai Financial Services Authority
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False Claims by Adaa Financial Services that it is Regulated by the DFSA
Dubai Financial Services Authority
Confirms the false current regulatory claims, withdrawal of the genuine firm's licence in 2017 and dissolution of the DIFC company in 2019.
Does not identify the operators of the current website or quantify any consumer losses.
Verdicts can change.
Track replacement domains, investor approaches, additional regulator alerts and any law-enforcement action.
Reporting with a visible evidence trail.
Arabian Current reporting is built around human editorial authority, source-linked claims and visible evidence trails.