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The Chimera S&P UAE UCITS ETF - Accumulating (CHAESH) is an exchange-traded fund that aims to closely track the performance of the S&P UAE Domestic Shariah Liquid 35/20 Capped Index. Launched on July 20, 2020, the fund reinvests dividends received and provides access to the UAE equity markets. Managed by Lunate Capital LLC, it has a total expense ratio of 1.00% and is domiciled in the UAE. The fund holds 30 different assets, with a net asset value (NAV) of AED 7.341 and assets under management (AUM) totaling AED 124.80 million. The top sectors include Real Estate, Communication Services, and Financials, with major holdings in companies like Emirates Telecommunications Group and Emaar Properties. The fund is traded on the Abu Dhabi Securities Exchange under the ticker CHAESH. Performance data indicates the fund has grown 100.04% since inception, though past performance is not indicative of future results. The fund's performance is reconciled and verified by Lunate Capital LLC and BNY Mellon.
The Chimera S&P UAE UCITS ETF - Income (CHAEIN) is an exchange-traded fund that aims to closely track the performance of the S&P UAE BMI Liquid Capped 20/35 Index. It offers access to the equity markets of the United Arab Emirates and distributes dividends semiannually. Key details include: - Asset Class: Equity - Fund Base Currency: AED - Inception Date: 23rd Feb 2021 - Total Expense Ratio: 1.00% - Dividend Treatment: Distributing - Domicile: Ireland - Methodology: Replicating - Product Structure: Physical - Rebalance Frequency: Quarterly - Management Company: Fundrock Management Co - Investment Manager: Lunate Capital Limited - NAV: AED 4.653 - AUM: AED 130.3 million - Shares Outstanding: 28,000,000 - Number of Holdings: 30 - Distribution Yield: 3.63% - Benchmark Ticker: SPUAECAP - Type: UCITS - Total Market Cap: AED 1,651.3 billion - P/E: 10.74x - P/B: 3.43x - ROE: 23.84% The ETF's performance since inception shows a return of 26.79%, closely matching the benchmark's 25.34%. The fund's sector allocation is primarily in Financials (36.1%), Real Estate (18.8%), and others. Top holdings include Emirates Telecommunications Group Company PJSC (13.36%) and First Abu Dhabi Bank PJSC (12.60%). The ETF is traded on the Abu Dhabi Securities Exchange under the ticker CHAEIN. Trading hours are from 10 am to 3 pm GST with a settlement period of T+2.
Abu Dhabi Future Energy Company PJSC ("Masdar"), in which Abu Dhabi National Energy Company PJSC ("TAQA") holds a 43% share, has completed the acquisition of a 50% stake in Terra-Gen Power Holdings II, LLC ("Terra-Gen"), a major independent renewable energy producer in the U.S. Terra-Gen's portfolio includes 3.8 GW of wind, solar, and battery storage projects, with 5.1 GWh of energy storage facilities, primarily in California and Texas. Terra-Gen is also developing over 12 GW of new projects. Following the acquisition, Igneo Infrastructure Partners retains its 50% stake, and Energy Capital Partners has exited its position. For more information, visit Masdar's announcement at https://masdar.ae/en/news/newsroom.
On September 30, 2024, HAYAH Insurance Company P.J.S.C held a General Assembly Meeting at its headquarters in Abu Dhabi. The meeting, chaired by Mrs. Salama Amer Omar Saleh, started at 2:00 PM and concluded at 2:20 PM. The quorum was 77.72% of the total capital, with 77.71% attending in person and 0.11% through electronic voting. The primary agenda was to elect one member to the Board of Directors for a vacant position. The candidates were Mrs. Khulood Khalil Ibrahim Qayed, Mr. Nabil Mushahwar, Mrs. Monira Hisham Ibrahim Alkuttab, and Mrs. Amna Obaid Khalifa Ahmed Al Zaabi. Mrs. Amna Obaid Khalifa Ahmed Al Zaabi was elected to the Board of Directors, effective immediately. No special decisions or resolutions were made during the meeting.
The Board of Directors of Fertiglobe plc passed a written resolution on 30 September 2024, approving the distribution of interim cash dividends to the company's shareholders for the first half of the financial year 2024. The total amount approved is USD 150 million (equivalent to AED 551 million), which translates to approximately 6.6 fils per share. Key dates related to this dividend distribution include the last entitlement date on 8 October 2024, the ex-dividend date on 9 October 2024, and the shareholders’ registry closing date on 10 October 2024. The payment is scheduled to be made within 30 days from 30 September 2024. The notification was signed by Ms. Rita Guindy, Director of Investor Relations, and a copy was sent to the Securities and Commodities Authority.
The text is a formal letter from Alan Williamson, the Chief Executive Officer of Taaleem Holding PJSC, addressed to Mr. Hamed Ahmed Ali, the Chief Executive Officer of Dubai Financial Market. The letter informs Mr. Ali about a scheduled Board of Directors meeting for Taaleem Holding PJSC on Thursday, October 3, 2024, at 3:00 PM. The meeting will take place at the company's premises and via remote attendance. The agenda includes considering and approving the consolidated financial statements for the twelve-month period ending August 31, 2024, discussing routine business issues, following up on the company's activities, and addressing any other matters with the Chairman's permission. A copy of the letter is also sent to the Securities and Commodities Authority.
Sukoon Insurance PJSC, with a paid-up capital of AED 461,872,125 and regulated by the Central Bank of the UAE, disclosed a resolution passed by its Board of Directors on Monday, 30th September 2024. The resolution, passed by circulation at 10:00 am, approved the company's Mid-Year Pricing and Underwriting Performance Report for the period ending 30th June 2024. This information was communicated to Mr. Hamed Ahmad Ali, Executive Chief Officer of the Dubai Financial Market, with a copy sent to Mrs. Maryam Butti Al Suwaidi, Deputy CEO of Licensing, Supervision, and Enforcement Affairs at the Securities and Commodities Authority in Abu Dhabi.