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BHM Capital Financial Services has been appointed as the liquidity provider for ADNH Catering shares on the Abu Dhabi Securities Exchange (ADX). This partnership aims to improve liquidity, enhance price stability, and facilitate efficient transactions for investors. BHM Capital will enter two-way daily quotes into the market's trading systems, complying with ADX and UAE Securities and Commodities Authority regulations. CEO Abdel Hadi Al Sa’di expressed pride in this role, emphasizing the company's commitment to market efficiency and investor confidence. BHM Capital is a leading financial institution in the UAE, offering services to individual and corporate investors.
Salik Company (PJSC) has announced that two new toll gates, the "Business Bay Gate" and the "Al Safa South Gate," will begin operations on Sunday, November 24, 2024. This follows a disclosure by Salik's Board of Directors on August 28, 2024. For further details, individuals are encouraged to visit the Salik website.
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.