Latest Threads
Check out what has been happening in the community
Check out what has been happening in the community
The Board of Directors of PRESIGHT AI HOLDING PLC has invited its shareholders to a general meeting on 21 May 2024 at 4:00 p.m (UAE time). The meeting can be attended in person at the Rosewood Abu Dhabi Hotel, or virtually via a link sent to shareholders. The agenda includes authorizing the chairman to appoint a secretary and a vote collector, approving a transaction described in a letter to shareholders dated 1 May 2024, and approving and ratifying the entry of Presight AI Ltd into a share purchase agreement. The transaction involves Presight AI Ltd indirectly acquiring 51% of Matrix JVCO Ltd through the acquisition of 100% of P Ventures Holdings RSC Ltd from G42 Investments AI Holding Ltd.
ADNOC, G42, and Presight AI Holding PLC have announced a new shareholding structure for AIQ, under which Presight will acquire a 51% stake and ADNOC will retain 49%. This values AIQ at over $1.4 billion. ADNOC will also receive a 4% stake in Presight as part of the transaction, solidifying its position in AI solutions for the energy sector. AIQ will continue as a standalone company within Presight's big data analytics portfolio. The transaction is subject to Presight's shareholder and regulatory approval.
The Chimera S&P India Shariah ETF - Income (CHINDSHI) is an exchange-traded fund that aims to provide investment returns mirroring the performance of the S&P India Shariah Liquid 35/20 Capped Index. The fund offers a single access point to the Indian equity markets. Dividends are distributed semiannually when available. The fund's base and share class currency are both in INR, and it was established on 24th January 2024. The fund has a total expense ratio of 1.00% and is domiciled in the UAE. The fund is managed by Lunate Capital LLC and has 30 holdings. Its top holding is Reliance Industries Ltd. The fund's net asset value and all financial information have been verified by Lunate Capital LLC against data from BNY Mellon.
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, providing investors with exposure to the US equity markets. The fund reinvests dividends and is based in the UAE with USD as its base currency. It has a total expense ratio of 1.00% and it's managed by Lunate Capital LLC. The fund was launched on 30th June 2022 and its net asset value is 5.408 AED with 2,500,000 shares outstanding. Its top holdings include Microsoft Corp, Apple Inc, and NVIDIA Corp. The fund's performance since inception is 47.24% while the benchmark's performance is 50.59%.
The Chimera S&P US Shariah Value ETF - Income (CHUSSHINV) is an exchange-traded fund that aims to mirror the performance of the S&P High Yield Dividend Aristocrats U.S. Shariah 35/20 Capped Index. The fund provides a single access point to the U.S. equity markets, with dividends distributed semiannually when available. The fund's base currency is USD, its inception date is 30th June 2022, and it has a total expense ratio of 1.00%. The fund is domiciled in UAE and managed by Lunate Capital LLC. As of now, the fund has 30 holdings, with the top holdings being Exxon Mobil Corp, Procter & Gamble Co, and Johnson & Johnson. The fund's performance since inception is 11.56%, slightly outperforming its benchmark. The fund's net asset value and other financial information are cross-verified by Lunate Capital LLC and BNY Mellon.
The Chimera FTSE ADX 15 ETF - Income seeks to provide investment returns that correspond to the performance of the FTSEADX15 Index. The fund was established on November 23rd, 2022 and is managed by Lunate Capital LLC. It is based in the UAE and trades in AED. The fund invests in the top 15 companies listed on the ADX and distributes dividends semiannually. The total expense ratio is 1.00%, and the fund has a net asset value of 3.110 AED, with assets under management totaling 251.90 million AED. The fund's performance since inception has been -15.26%, with a distribution yield of 0.90%. The fund's sector allocation is primarily in industrials, financials, and communication services.