ADGM RA Warns of Nubia Gold SPV Misrepresentations

ADGM Announcements

Published February 24th, 2026

Detected March 14th, 2026

Summary

The ADGM Registration Authority has issued a warning regarding misrepresentations made by "Nubia Gold SPV," an entity not registered or licensed with ADGM. The alert aims to protect the public and investors from potential fraudulent activities associated with this non-ADGM entity.

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What changed

The Abu Dhabi Global Market (ADGM) Registration Authority (RA) has issued a regulatory alert warning the public about misleading representations made by an entity named "Nubia Gold SPV," operating via the website https://nubiagold.org. The ADGM RA explicitly confirms that Nubia Gold SPV is not incorporated, registered, or licensed with the ADGM RA, nor does it appear on any relevant ADGM registers. This action is taken to alert the public and investors to potential misrepresentations and to prevent them from engaging with an unauthorized entity.

This notice serves as a critical alert for investors, financial institutions, and the general public to exercise extreme caution and conduct thorough due diligence before engaging with Nubia Gold SPV or any entity claiming association with ADGM without proper verification. Failure to heed this warning could lead to financial losses due to misrepresentation or fraudulent activities. Regulated entities should ensure their internal compliance checks are robust to avoid association with unauthorized or misrepresented firms.

What to do next

Verify the registration and licensing status of any entity claiming association with ADGM before engaging in business.
Report any suspected misrepresentations or fraudulent activities to the ADGM Registration Authority.
Educate clients and staff about the risks of dealing with unregistered entities.

Source document (simplified)

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News

Media Announcements Regulatory Alert: Misrepresentations Made by a non-ADGM entity

Regulatory Alert: Misrepresentations Made by a non-ADGM entity

ADGM RA: 24 Feb 2026

The Registration Authority (RA) of ADGM would like to alert members of the public about misleading representations made by an entity operating under the name “Nubia Gold SPV”, including through the website https://nubiagold.org.

The ADGM’s RA confirms that:

Nubia Gold SPV is not incorporated, registered, or licensed with the ADGM’s RA and does not appear on ADGM’s Public Register of Companies;
any statement or implication that Nubia Gold SPV is incorporated, registered, approved, recognised, or otherwise associated with ADGM is false and misleading; and
the ADGM’s RA has no connection with this entity or its website. In some cases, such misrepresentations may form part of a broader fraudulent scheme and may result in significant financial losses to members of the public or potential investors.

It is a serious contravention of ADGM’s commercial legislation to misrepresent that an entity is incorporated, registered, or licensed in or from ADGM when this is not the case. This type of misconduct may result in regulatory enforcement action, including the imposition of financial penalties.

The RA is particularly concerned that such false and misleading representations may fraudulently induce members of the public to engage with or invest in non-ADGM entities, based on the incorrect belief that these entities are subject to ADGM’s regulatory oversight.

Public Guidance:

Verify the status of any entity claiming to be incorporated, registered, or licensed in ADGM by searching ADGM’s online Public Register of Companies at: www.registration.adgm.com which is free of charge.
Verify the authenticity of any ADGM licence certificate, or certificate of incorporation, received using ADGM’s free document verification tool at: www.registration.adgm.com
Exercise caution when contacted by any person or entity purporting to be associated with ADGM, particularly where investment opportunities, payment requests, or the provision of personal or financial information are involved. If you have concerns about an entity claiming to be registered, please submit a complaint to the Registration Authority through the complaint portal available here.

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