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The Chimera S&P UAE UCITS ETF - Accumulating (CHAESH) is an exchange-traded fund designed to closely track the S&P UAE Domestic Shariah Liquid 35/20 Capped Index. Launched on July 20, 2020, the fund aims to provide investment returns before fees and costs, with dividends being reinvested. The fund is domiciled in the UAE and managed by Lunate Capital LLC. It is traded on the Abu Dhabi Securities Exchange under the ticker CHAESH. Key details include: - Asset Class: Equity - Base Currency: AED - Total Expense Ratio: 1.00% - Rebalance Frequency: Quarterly - Number of Holdings: 30 - Net Asset Value (NAV): AED 7.101 - Assets Under Management (AUM): AED 122.49 million - Performance: Since inception, the fund has returned 93.49%, while the benchmark index has returned 102.57%. Sector allocation is diversified across real estate, communication services, financials, industrials, energy, utilities, and others. Top holdings include Emirates Telecommunications Group, Emaar Properties, and Dubai Islamic Bank, among others. The ETF trades with a settlement period of T+2 and operates within the trading hours of 10 am to 3 pm GST. Performance data indicates past returns and does not guarantee future results. The value of investments can vary, and initial investment amounts are not guaranteed. The fund's financial information has been verified by Lunate Capital LLC and BNY Mellon.
The Chimera S&P UAE UCITS ETF - Income (CHAEIN) is an exchange-traded fund aimed at closely tracking the performance of the S&P UAE BMI Liquid Capped 20/35 Index. It provides access to the equity markets in the United Arab Emirates and distributes dividends semiannually. The fund, which started on February 23, 2021, has a total expense ratio of 1.00% and is domiciled in Ireland. Managed by Fundrock Management Co and Lunate Capital Limited, it uses a physical replication methodology and rebalances quarterly. Key specifics include: - Asset Class: Equity - Fund Base Currency: AED - Number of Holdings: 30 - NAV: AED 4.533 - AUM: AED 126.94 million - ETF's Distribution Yield: 3.73% The ETF's top sectors are Financials (38.0%), Real Estate (19.6%), and Communication Services (14.0%). Its top holdings include Emirates Telecommunications Group Company PJSC, First Abu Dhabi Bank PJSC, and Emaar Properties PJSC. Performance as of the fact sheet's date shows the ETF has returned 2.32% over the past month, 10.23% over three months, and 23.53% since inception. It trades on the Abu Dhabi Securities Exchange under the ticker CHAEIN, with trading hours from 10 am to 3 pm GST. Important notes include that the value of investments and income can vary, and ETFs trade at market prices which may differ from their net asset values.
The Chimera S&P US Shariah Value ETF - Income (CHUSSHINV) is an exchange-traded fund aiming to closely mirror the performance of the S&P High Yield Dividend Aristocrats U.S. Shariah 35/20 Capped Index. Launched on June 30, 2022, the fund offers access to U.S. equity markets and distributes dividends semiannually. Key details include its asset class as equity, base currency in USD, share class currency in AED, and a total expense ratio of 1.00%. The fund is domiciled in the UAE and managed by Lunate Capital LLC. It has a net asset value (NAV) of AED 4.427 and assets under management (AUM) totaling AED 12.17 million. The ETF holds 30 securities, with a distribution yield of 0.76%. Its top sectors include healthcare, consumer staples, and energy. The ETF's top holdings are Exxon Mobil Corp, Procter & Gamble Co, and Johnson & Johnson. Performance since inception shows a return of 20.53%, with recent performance closely tracking its benchmark. The fund trades on the Abu Dhabi Securities Exchange under the ticker CHUSSHINV.
The Chimera FTSE ADX 15 ETF - Income (CHADX15) is an exchange-traded fund that aims to mirror the performance of the FTSE ADX 15 Index, which includes the top 15 companies listed on the Abu Dhabi Securities Exchange (ADX). The fund distributes dividends semiannually and has a total expense ratio of 1.00%. It was launched on November 23, 2022, and is managed by Lunate Capital LLC. The fund's base and trading currency is AED, and it is physically structured and replicates the index methodology. As of the latest update, the fund's net asset value (NAV) is AED 3.222, with assets under management (AUM) of AED 248.9 million and 77,250,000 shares outstanding. The ETF's distribution yield is 1.12%, and it is rebalanced semiannually. The top sector allocations are Industrials (38.1%), Financials (29.1%), and Communication Services (15.0%). The top holdings include International Holding Company PJSC (30.48%) and First Abu Dhabi Bank PJSC (16.41%). Performance since inception shows a -12.20% return for the ETF compared to -12.24% for the benchmark. The ETF trades on the Abu Dhabi Securities Exchange under the ticker CHADX15.
The Chimera S&P Turkey Shariah ETF - Income (CHTRSHIN) is an exchange-traded fund (ETF) that aims to closely match the performance of the S&P Turkey Shariah Liquid 35/20 Capped Index. The fund provides access to Turkey's equity markets and distributes dividends semiannually. Key details include: - Asset Class: Equity - Fund Base Currency: TRY - Share Class Currency: AED - Inception Date: 8th Aug 2022 - Total Expense Ratio: 1.00% - Dividend Treatment: Distributing - Domicile: UAE - Methodology: Replicating - Product Structure: Physical - Rebalance Frequency: Quarterly - Management Company: Lunate Capital LLC - NAV (AED): 5.736 - AUM (AED mln): 28.68 - Shares Outstanding: 5,000,000 - Number of Holdings: 20 - ETF's Distribution Yield: 1.02% Sector allocation includes Consumer Staples (34.7%), Industrials (29.8%), and Energy (18.6%). Top holdings feature BIM Birlesik Magazalar AS (33.97%) and Turkiye Petrol Rafinerileri AS (18.55%). Performance since inception has shown a return of 196.31% for the ETF and 196.88% for the benchmark. The ETF is listed on the Abu Dhabi Securities Exchange under the ticker CHTRSHIN and trades in AED with a settlement period of T+2. The fund's financial information is verified by Lunate Capital LLC and BNY Mellon. Performance reflects past results and does not guarantee future returns.
On September 2, 2024, the Abu Dhabi Securities Exchange was notified by ADNOC Drilling Company PJSC and Alpha Dhabi Holding PJSC that their joint venture, Enersol RSC LTD, has completed the acquisition of an additional 42.206% equity stake in Gordon Technologies LLC. This acquisition brings Enersol's total equity stake in Gordon Technologies to 64.206%. This follows an earlier announcement made on June 11, 2024. The notification was signed by Abdulrahman Abdulla Alseiari, Chief Executive Officer, with a copy sent to the Securities and Commodities Authority.
The Chimera S&P KSA Shariah ETF - Income (CHSASHIN) is an exchange-traded fund designed to closely track the performance of the S&P Saudi Arabia Shariah Liquid 35/20 Capped Index. Launched on January 17, 2022, the fund provides access to Saudi Arabia's equity markets and distributes dividends semiannually. Key details include an asset class of equity, a fund base currency of SAR, and a total expense ratio of 1.00%. The fund is domiciled in the UAE and managed by Lunate Capital LLC. As of the latest update, the fund has a net asset value of AED 3.607 and assets under management totaling AED 110.01 million. The ETF has 30 holdings, with significant exposure to financials, materials, and energy sectors. Top holdings include Al Rajhi Banking and Investment Corporation and Saudi Arabian Oil Co. The fund's performance since inception shows a return of -1.73%, while the benchmark index returned -2.20%. The ETF trades on the Abu Dhabi Securities Exchange under the ticker CHSASHIN.
The Chimera S&P Kuwait Shariah ETF - Income (CHKWSHIN) is an exchange-traded fund aiming to mirror the performance of the S&P Kuwait Shariah Liquid 35/20 Capped Index. It provides access to Kuwait's equity markets and distributes dividends semiannually. Key details include its equity asset class, KWD as the base currency, AED as the share class currency, inception on February 21, 2022, and a total expense ratio of 1.00%. The fund is domiciled in the UAE, follows a replicating methodology, and rebalances quarterly. Managed by Lunate Capital LLC, it has a net asset value of AED 3.175 and assets under management totaling AED 25.40 million. The fund holds 15 equities, with a distribution yield of 4.29%. Performance since inception shows the fund at -12.59%, while the benchmark is at -12.77%. The ETF trades on the Abu Dhabi Securities Exchange under the ticker CHKWSHIN, with trading hours from 10 am to 3 pm GST. Major sector allocations include 53% in Financials and 15.3% in Communication Services. The top holdings are Kuwait Finance House KSCP (32.17%) and Mobile Telecommunications Company KSCP (15.26%). The ETF is regulated by the Securities and Commodities Authority, with more information available on the Lunate Capital LLC website.
Al Seer Marine, a subsidiary of International Holding Company, has introduced a new brand identity to emphasize its role as a leader in maritime excellence. The updated identity aligns with the company's strategic focus on developing a future-proof fleet and innovative products to enhance efficiency and profitability. With AED 7.5 billion in assets, Al Seer Marine is recognized as a premier maritime center, supported by major financial and investment firms. Since its establishment in 2003, the company has built a strong network of subsidiaries and partners globally. Recent investments include advanced 3D printing capabilities and a significant AED 863 million syndicated transaction to expand its fleet. Al Seer Marine has also invested over AED 1.45 billion in Abu Dhabi Ports and ADNOC Logistics and Services, supporting the UAE’s "Projects of the 50" strategy to diversify the economy. CEO Guy Neivens highlighted the company's continuous expansion in the maritime sector and its commitment to advancing maritime excellence. The company currently manages a fleet of 20 vessels, with two LNG-ready MR tankers expected for delivery soon.
Borouge Plc announced that its shareholders have approved a $650 million interim cash dividend for the first half of 2024, equivalent to 7.94 fils per share and representing an annualized dividend yield of 6.3%. The company also reaffirmed its plan to pay a total dividend of $1.3 billion for the full year 2024. This decision follows exceptional earnings growth in the first half of the year, driven by strategic initiatives both in the UAE and internationally. Key projects include Borouge 4 and a feasibility study for a specialty polyolefins complex in China. CEO Hazeem Sultan Al Suwaidi highlighted the company's strong operational performance, efficiency, and growth initiatives, which are expected to enhance production capacity and financial value.