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Threads on regulatory news from companies
Threads on regulatory news from companies
The Abu Dhabi Securities Exchange has issued a notice regarding Sudatel Telecom Group's 31st Annual General Meeting (AGM), scheduled for 11:00 AM Sudan time on Saturday, November 16, 2024. Further details can be found on Sudatel's website. The announcement is addressed to the Market Operations Surveillance Department and signed by Manal Ibrahim Abuzaid, the Investors Relations Manager.
Date: 01/11/2024 Reference: RAPCO-BS/2024-045 The Board of Directors of RAPCO Investment PJSC held its fourth meeting of the year 2024 on Friday, November 1st, at 10:00 am at the company's offices. During this meeting, the board approved the minutes of the previous meeting and ratified its decisions. Additionally, other business and operational matters related to the company's activities were discussed. Sincerely, Yazan S. Maragha Board Secretary
The Chimera S&P US Shariah Growth ETF - Accumulating (CHUSSHG) is an exchange-traded fund designed to track the performance of the S&P 500 U.S. Shariah Top 30 35/20 Capped Index, aiming to provide investment returns before fees and costs. It offers access to the US equity markets with dividends reinvested. The fund, domiciled in the UAE, was launched on June 30, 2022, and is managed by Lunate Capital LLC. It is traded in AED on the Abu Dhabi Securities Exchange under the ticker CHUSSHG. The fund has a total expense ratio of 1.00% and is structured physically with a quarterly rebalance frequency. As of the latest data, the fund's NAV is AED 6.277, with an AUM of AED 15.69 million and 2,500,000 shares outstanding. Its top holdings include major companies like Apple, NVIDIA, and Microsoft. The fund has shown a performance of 70.89% since inception, though past performance does not guarantee future results. The sector allocation is heavily weighted towards Information Technology, followed by Communication Services and Consumer Discretionary.
The Chimera S&P US Shariah Value ETF - Income (CHUSSHINV) is an exchange-traded fund designed to mirror the performance of the S&P High Yield Dividend Aristocrats U.S. Shariah 35/20 Capped Index. It offers access to U.S. equity markets, with dividends distributed semiannually. The fund is based in the UAE, with its base currency in USD and share class currency in AED. It began on June 30, 2022, and is managed by Lunate Capital LLC. The fund has a total expense ratio of 1.00% and follows a replicating methodology with quarterly rebalancing. It holds 30 stocks and has a net asset value of AED 4.322, with assets under management totaling AED 11.89 million. The top sectors include Health Care, Consumer Staples, and Energy, with top holdings such as Exxon Mobil Corp and Procter & Gamble Co. The fund's performance since inception is 17.65%, slightly outperforming its benchmark's 17.17%. The ETF trades on the Abu Dhabi Securities Exchange under the ticker CHUSSHINV, with trading hours from 10 am to 3 pm GST.
GQG Partners has invested USD 500 million in Alpha Dhabi, reflecting confidence in both the company and the Abu Dhabi Securities Exchange (ADX). This investment by the global asset management firm underscores their strategic interest in the Abu Dhabi market, recognizing its growth potential and resilience. Rajiv Jain, Founder and Chief Investment Officer of GQG Partners, highlighted Alpha Dhabi's significant revenue and earnings growth, and its promising long-term position, despite recent valuation declines. Syed Basar Shueb, CEO of International Holding Company (IHC), noted that Alpha Dhabi's strong performance amidst overall market stagnation contributed to GQG's decision, aligning with their preference for stable, high-quality investments. GQG Partners has also established a new investment hub in the Abu Dhabi Global Market, emphasizing the region's strategic value.
Agthia Group PJSC announced that its Board of Directors will hold a virtual meeting on November 6, 2024, at 4:00 PM. The agenda includes approving the reviewed financial statements for the period ending September 30, 2024, along with the Management Discussion & Analysis Report, and discussing other routine business matters. The outcomes of the meeting will be disclosed afterward. The notification is also copied to the Securities and Commodities Authority in Abu Dhabi.
The Chimera S&P India Shariah ETF - Income (CHINDSHI) is an exchange-traded fund aiming to match the performance of the S&P India Shariah Liquid 35/20 Capped Index. It provides access to India's equity markets, distributing dividends semiannually. The fund is based in the UAE, using the Indian Rupee as its base currency and trading in AED. It was launched on January 24, 2024, with a total expense ratio of 1.00%. The fund physically replicates its benchmark, rebalancing quarterly, and is managed by Lunate Capital LLC. As of the latest report, the fund's NAV is AED 3.785, with assets under management totaling AED 34.07 million and 9 million shares outstanding. The fund holds 30 securities, with major allocations in sectors like Information Technology and Energy. Top holdings include Reliance Industries Ltd and Infosys Ltd. The ETF's performance since inception is 4.42%, compared to the benchmark's 6.79%. The fund's trading takes place on the Abu Dhabi Securities Exchange.
The Chimera S&P China HK Shariah ETF - Income (CHHKSHIN) is an exchange-traded fund aiming to match the performance of the S&P China Hong Kong-Listed Shariah Liquid 35/20 Capped Index. It provides access to Hong Kong equity markets and distributes dividends semiannually. The fund, domiciled in the UAE and managed by Lunate Capital LLC, uses a physical replicating methodology and rebalances quarterly. It was launched on June 2, 2023, and has a total expense ratio of 1.00%. The ETF's base currency is HKD, while the share class currency is AED. As of the latest data, the net asset value is AED 4.213, with assets under management totaling AED 21.07 million and 5 million shares outstanding. The fund holds 30 securities, with significant allocations in consumer discretionary and information technology sectors. Its top holdings include Alibaba Group and Meituan. The fund has shown a performance of -5.00% over the past month and 32.72% over the past three months. Trading occurs on the Abu Dhabi Securities Exchange under the ticker CHHKSHIN.
The Chimera S&P Turkey Shariah ETF - Income (CHTRSHIN) is an exchange-traded fund aimed at providing investment returns that align closely with the S&P Turkey Shariah Liquid 35/20 Capped Index. It offers investors a single point of access to the Turkish equity markets, distributing dividends semiannually. The fund, domiciled in the UAE and managed by Lunate Capital LLC, has a total expense ratio of 1.00% and a net asset value of AED 5.256. Since its inception on August 8, 2022, the fund has shown a performance of 172.87%, compared to the benchmark's 169.48%. The ETF is traded on the Abu Dhabi Securities Exchange under the ticker CHTRSHIN and has a sector allocation primarily in Industrials (34.0%) and Consumer Staples (30.5%). The top holdings include BIM Birlesik Magazalar AS and Turkiye Petrol Rafinerileri AS. The fund's performance reflects past returns, which do not guarantee future results, and its value can fluctuate.