Dubai, UAE, 20 February 2025: The Dubai Financial Services Authority (DFSA), the financial services regulator of the Dubai International Financial Centre (DIFC), extends its sincere congratulations to His Excellency Waleed Saeed Abdul Salam Al Awadhi on his recent appointment as Chief Executive Officer of the Securities and Commodities Authority (SCA). His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, issued the Federal Decree (2) of 2025 appointing His Excellency with the rank of Under-Secretary effective from 4 February 2025.

His Excellency Waleed Al Awadhi was the Chief Operating Officer of the DFSA from 2013 until his appointment as the SCA’s CEO.

Fadel Al Ali, Chairman of the DFSA, said: “On behalf of the DFSA, I extend my congratulations to Waleed on his appointment as CEO of the SCA. His contributions to the DFSA over the past decade have been invaluable. I have no doubt that he will play a pivotal role in advancing the United Arab Emirates’ financial sector and further strengthening its position as a financial hub.”

Ian Johnston, Chief Executive of the DFSA, added: “Waleed has been a respected colleague and leader over many years at the DFSA, helping to shape the organisation into what it is today. We are grateful for his dedication and service, and I wish him every success in his new role.”

During his tenure at the DFSA, Waleed led key initiatives, including the DFSA’s digital transformation programme, and the re-forming of its Authorisation team. He represented and led the DFSA on several international standard setters, including the International Organization of Securities Commission (IOSCO), Islamic Financial Services Board and Union of Arab Securities Authorities. In addition, he represented the DFSA on the UAE National Anti-Money Laundering and Combatting Financing of Terrorism and Financing of Illegal Organizations Committee (NAMLCFTC) playing a pivotal role in supporting the UAE's efforts in exiting from the FATF Grey List.  Waleed continues to be committed to developing and mentoring UAE Nationals, equipping them with the skills and expertise needed to thrive in the financial regulatory sector

The DFSA looks forward to continued collaboration with Waleed in his new capacity and wishes him success in leading the Securities and Commodities Authority.