Latest Threads on News from companies

The document contains the Board of Directors' report, Independent Auditor's report, and Consolidated Financial Statements for the Islamic Arab Insurance Co. (SALAMA) PJSC and its subsidiaries for the year ending on 31st December 2023.

The Board of Directors of Gulf Navigation Holding PJSC held a meeting on 29 March 2024, where several decisions were made. They approved the annual audited financial statements for the year ended 31 December 2023. The Board also decided to call for the annual general assembly meeting on 29 April 2024, pending approval from the Securities and Commodities Authority. The company's Integrated Report for 2023 was also discussed, along with regular matters and any other business related to the company. The information was communicated by Nader Muqbel, the Investor Relations Director at Gulf Navigation Holding PJSC.

The Chimera S&P India Shariah ETF - Income (CHINDSHI) is an exchange-traded fund managed by Lunate Capital LLC. It aims to mirror the performance of the S&P India Shariah Liquid 35/20 Capped Index, providing investors with exposure to the Indian equity market. The fund's base and share class currency is INR, and it was established on 24th January 2024. It has a total expense ratio of 1.00% and operates on a distributing dividend treatment. The fund's domicile is in the UAE, and it uses a replicated methodology with a physical product structure. It rebalances quarterly and has a NAV of 3.739 AED with AUM of 46.73 million AED. It has 12,500,000 outstanding shares spread across 30 holdings. The fund's top holdings include Reliance Industries Ltd, Infosys Ltd, and Tata Consultancy Services Ltd. The fund's performance since inception is 2.33%, while the benchmark's performance is 3.16%. It trades on the Abu Dhabi Securities Exchange.

The Chimera S&P Pakistan UCITS ETF - Income (CHPKIN) is an exchange-traded fund that aims to deliver investment returns that correspond to the performance of the S&P Pakistan UCITS Liquid35/20 Capped Index. The fund provides a single access point to Pakistan's equity markets. Dividends received by the fund are distributed semiannually when available. The fund's base and share class currency is PKR, and it was started on 17th August 2023. The fund has a total expense ratio of 1.00% and is domiciled in Ireland. The fund is managed by Fundrock Management Co and Lunate Capital Limited. The fund's net asset value is 5.300 AED with a total asset under management of 5.30 AED million. The fund has 1,000,000 shares outstanding and holds 15 different investments. The fund's performance since inception is 35.56%. The fund is traded on the Abu Dhabi Securities Exchange.

The Chimera S&P US Shariah Growth ETF - Accumulating (CHUSSHG) is an exchange-traded fund that aims to track the performance of the S&P 500 U.S. Shariah Top 30 35/20 Capped Index. The fund provides a single point of access to the US equity markets and reinvests dividends. It was launched on 30th June 2022 and is managed by Lunate Capital LLC. The fund's base and share class currency is USD, and it has a total expense ratio of 1.00%. The fund is physically structured and rebalances quarterly. The fund's net asset value is 5.602 AED, and it has 2,250,000 outstanding shares. Its top holdings include Microsoft Corp, Apple Inc, and NVIDIA Corp. The fund trades on the Abu Dhabi Securities Exchange.

The Chimera S&P China HK Shariah ETF - Income (CHHKSHIN) is an exchange-traded fund that aims to replicate the performance of the S&P China Hong Kong-Listed Shariah Liquid 35/20 Capped Index. The fund provides access to the Hong Kong equity markets and distributes dividends semiannually when available. The fund's base currency is HKD, and it was incepted on 2nd June 2023. It has a total expense ratio of 1.00% and is domiciled in the UAE. The fund is managed by Lunate Capital LLC and is physically replicated. Its Net Asset Value (NAV) is 3.064 AED, with 18.38 million AED in assets under management and 6 million shares outstanding. The fund holds 30 different assets. Its performance since inception shows a decrease of 16.75%. The fund is traded on the Abu Dhabi Securities Exchange. The top holding of the fund is Alibaba Group Holding Ltd, constituting 30.90% of the fund's assets.

Union Insurance Company has announced the opening of nominations for its Board of Directors. The nomination period will run from 29/03/2024 to 08/04/2024. Interested shareholders who meet the required conditions can submit their applications in person at the company's Dubai headquarters or via email. The board will consist of seven members. The company will publish a list of candidates on its website and at its headquarters on 16/04/2024. All nominations must comply with Federal Law No. (32) of 2021 and the Chairman of the Authority’s Board of Directors’ Decision no. (3/RM) of 2020. After the nomination period ends, candidates cannot transfer their nomination to another person.