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Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
3 years ago
News Update From CHIMERA S&P UAE UCITS ETF - SHARE CLASS D INCOME
Disclosures: CHIMERA S&P UAE UCITS ETF - SHARE CLASS D INCOME FACT Sheet

The Chimera S&P UAE UCITS ETF - Income (CHAEIN) is an exchange-traded fund that aims to replicate the performance of the S&P UAE BMI Liquid Capped 20/35 Index. The fund, which was launched on 23rd February 2021, provides investors with a single access point to the UAE equity markets. The fund's dividends are distributed semiannually, and it has a total expense ratio of 1.00%. The fund is domiciled in Ireland and managed by Fundrock management Co and Lunate Capital Limited. It has a net asset value of 4.406 AED and assets under management of 123.38 million AED. The fund's top holdings include Emirates Telecommunications Group Company PJSC and First Abu Dhabi Bank PJSC. The fund's performance since inception is 20.07%, while its distribution yield is 2.96%.

1. Disclosures: CHIMERA S&P UAE UCITS ETF - SHARE CLASS D INCOME FACT Sheet

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
3 years ago
News Update From Finance House
Disclosures: Finance House Invitation to Attend AGM held on 23/04/2024 at 11:00

1. Disclosures: Finance House Invitation to Attend AGM held on 23/04/2024 at 11:00

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
3 years ago
News Update From CHIMERA S&P US SHARIAH VALUE ETF
Disclosures: CHIMERA S&P US SHARIAH VALUE ETF FACT Sheet

The Chimera S&P US Shariah Value ETF - Income (CHUSSHINV) is an exchange-traded fund managed by Lunate Capital LLC. The fund aims to provide investment returns that correspond to the S&P High Yield Dividend Aristocrats U.S. Shariah 35/20 Capped Index, offering investors a single access point to the U.S. equity markets. The fund's dividends are distributed semiannually, and it has a total expense ratio of 1.00%. The fund's inception date was 30th June 2022, and it has a net asset value of 4.222 AED and assets under management of 11.61 million AED. The fund holds 30 different assets and has a distribution yield of 1.05%. The fund's performance since inception is 14.98%, and its largest holdings include Exxon Mobil Corp, Procter & Gamble Co, and Johnson & Johnson.

1. Disclosures: CHIMERA S&P US SHARIAH VALUE ETF FACT Sheet

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
3 years ago
News Update From CHIMERA S&P KSA SHARIAH ETF-SHARE CLASS B-INCOME
Disclosures: CHIMERA S&P KSA SHARIAH ETF-SHARE CLASS B-INCOME FACT Sheet

The Chimera S&P KSA Shariah ETF - Income (CHSASHIN) is an exchange traded fund that aims to provide investment returns that closely match the performance of the S&P Saudi Arabia Shariah Liquid 35/20 Capped Index. The fund was established on 17th January 2022 and is managed by Lunate Capital LLC. It is domiciled in the UAE and its base and share class currencies are SAR. The fund's total expense ratio is 1.00% and it distributes dividends semiannually. As of the report, the fund has a net asset value (NAV) of 3.635 AED and assets under management (AUM) of 110.86 million AED. The fund's distribution yield is 2.05% and it has 30 holdings. The fund's sector allocation is primarily in financials (41.8%) and energy (13.4%). Its top holding is Al Rajhi Banking & Investment Corporation SJSC at 30.97%. The fund's performance since inception is -1.01%.

1. Disclosures: CHIMERA S&P KSA SHARIAH ETF-SHARE CLASS B-INCOME FACT Sheet

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
3 years ago
News Update From CHIMERA S&P KUWAIT SHARIAH ETF-Share Class B-Income
Disclosures: CHIMERA S&P KUWAIT SHARIAH ETF-Share Class B-Income FACT Sheet

The Chimera S&P Kuwait Shariah ETF - Income (CHKWSHIN) is an exchange-traded fund that aims to provide investment returns that closely match the performance of the S&P Kuwait Shariah Liquid 35/20 Capped Index. The fund offers single access to the Kuwait equity markets and distributes dividends semiannually. The fund's inception date is 21st February 2022, and it is managed by Lunate Capital LLC. As of the report, the fund has 8,000,000 outstanding shares and 15 holdings. The fund's total expense ratio is 1.00%, and its net asset value (NAV) is 3.124 AED, with assets under management (AUM) of 24.99 million AED. The fund's performance since inception shows a loss of 13.30%. The fund is domiciled in the UAE and trades on the Abu Dhabi Securities Exchange.

1. Disclosures: CHIMERA S&P KUWAIT SHARIAH ETF-Share Class B-Income FACT Sheet

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
3 years ago
News Update From Chimera FTSE ADX 15 ETF Class B Income
Disclosures: Chimera FTSE ADX 15 ETF Class B Income FACT Sheet

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. It provides investors with exposure to the top 15 companies listed on the ADX. The fund was launched on 23rd November 2022, and it distributes dividends semiannually when available. The fund's base and share class currency is AED, and it has a total expense ratio of 1.00%. The fund's net asset value is 3.204 AED, and it has assets under management worth 261.96 million AED. The fund is managed by Lunate Capital LLC and is domiciled in the UAE. As of March 2024, the fund's largest holdings are in International Holding Company PJSC, First Abu Dhabi Bank PJSC, and Emirates Telecommunications Group Company PJSC.

1. Disclosures: Chimera FTSE ADX 15 ETF Class B Income FACT Sheet

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
3 years ago
News Update From Al Wathba National Insurance Co.
Disclosures: Al Wathba National Insurance Co. Article of Association Amendment

The proposed amendments to the basic system of Al Wathba National Insurance Company P.S.C. are due to Federal Decree-Law No. (32) of 2021 regarding commercial companies, which replaced Federal Law No. (2) of 2015, and Federal Decree-Law No. (48) of 2023 regarding the regulation of insurance business, which replaced Federal Law No. (6) of 2007. These laws required public joint-stock companies to modify their basic systems to comply with their provisions. On April 23, 2024, the company's general assembly agreed to amend the provisions of the company's basic system to comply with the Federal Law No. (32) of 2021 and its amendments regarding commercial companies. Definitions were also amended, including the term "related parties", which now refers to the chairman, board members, their relatives, and top executive management of the company, among others. The term "executive board member" refers to a member who holds a position or receives a monthly or annual salary from the company, while a "non-executive board member" has no administrative responsibilities within the company.

1. Disclosures: Al Wathba National Insurance Co. Article of Association Amendment

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
3 years ago
News Update From Al Wathba National Insurance Co.
Disclosures: Al Wathba National Insurance Co - Announcement on the Opening of Nomination for Membership of the Board of Directors

The Board of Directors of Al Wathba National Insurance Company has announced the opening of nominations for membership on the board. The nomination period will run from Tuesday, 02/04/2024 to Friday, 12/04/2024. Interested individuals or shareholders who meet the nomination conditions can apply by submitting an application to the company's head office in Abu Dhabi. The application must include an introductory profile of the applicant and the capacity of membership they wish to nominate themselves for (Non-Executive Director, Independent Director, or Non-independent Director). The board intends to elect nine members. The nomination period will remain open for at least 10 days from the date of the announcement.

1. Disclosures: Al Wathba National Insurance Co - Announcement on the Opening of Nomination for Membership of the Board of Directors

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
3 years ago
News Update From Al Wathba National Insurance Co.
Disclosures: Al Wathba National Insurance Co. Invitation to Attend AGM held on 23/04/2024 at 12:00

The Securities & Commodities Authority has approved the annual general assembly meeting to be held at The St. Regis Abu Dhabi or remotely via electronic participation. The meeting is scheduled for 12 PM on Tuesday, 23/04/2024. Shareholders are formally invited to attend. The invitation and meeting agenda are attached. The document is signed by Muralikrishnan R, an authorized signatory. The reference for this communication is AD/MGT/ 0116 /2024, dated 10/04/2024.

1. Disclosures: Al Wathba National Insurance Co. Invitation to Attend AGM held on 23/04/2024 at 12:00

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
3 years ago
News Update From ADNOC Gas plc
Disclosures: ADNOC Gas plc

ADNOC Gas shareholders have approved a $3.25 billion dividend for 2023, with a final cash dividend of $1.625 billion to be paid in Q2 2024. The company plans to increase its dividend by 5% annually for the next four years, reflecting the strength and predictability of its future revenues. Growth prospects for the company are supported by assured feedstock growth from ADNOC, the planned acquisition of the Ruwais LNG mega project, and strong domestic and global demand for natural gas. Over the next five years, ADNOC Gas plans to invest over $13 billion in domestic and international growth opportunities, expecting to boost its EBITDA by up to 40%. The company also plans significant investments, including $4.9 billion in contracts awarded in 2023, to drive future growth with a focus on decarbonization, digital transformation, and AI-driven technological innovation.

1. Disclosures: ADNOC Gas plc

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