ADQ announced the Central Bank of the UAE has granted an in-principle approval to launch a new digital banking platform, which will be called Wio. With its headquarters in Abu Dhabi, Wio will enhance the capital's growing reputation as a global financial services center at the leading edge of digital banking. Led by globally experienced FinTech experts, banking professionals and technology specialists, Wio will offer customers in the UAE a fully digital banking choice with tailored products and services to meet their lifestyles and needs.

Wio will soon launch a Beta version that will initially provide small and medium-sized businesses with an innovative, engaging customer-centric experience underpinned by security, transparency and convenience. The total invested capital in Wio is AED 2.3 billion plus in-kind contribution. The digital banking platform's primary shareholders ADQ and Alpha Dhabi, own a combined stake of 65%.

Additionally, Etisalat holds 25%, and First Abu Dhabi Bank holds 10%.