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Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

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, 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.

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Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From CHIMERA S&P TURKEY SHARIAH ETF SHARE CLASS B - Income

Disclosures: CHIMERA S&P TURKEY SHARIAH ETF SHARE CLASS B - Income FACT Sheet

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.

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Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From ADNOC Drilling Company PJSC

Disclosures: ADNOC Drilling Company PJSC - ADNOC Drilling and Alpha Dhabi’s “Enersol” Joint Venture Increases Equity Stake in Gordon Te..

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.

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Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

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 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.

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Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

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 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.

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Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Al Seer Marine Supplies & Equipment Company P.J.S.C

Disclosures: Press Release- Al Seer Marine Unveils New Dynamic Brand Identity to Underline Its Position as a Global Pioneer in Maritime Excellence

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.

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Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Borouge PLC

Disclosures: BOROUGE SHAREHOLDERS APPROVE $650 MILLION INTERIM DIVIDEND

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.

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Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From EMSTEEL BUILDING MATERIALS PJSC

Disclosures: EMSTEEL BUILDING MATERIALS PJSC General Press Release

Emirates Steel Arkan has appointed Mark J.S. Tonkens as the new Group Chief Financial Officer (GCFO), effective September 2, 2024. Mark Tonkens previously served as CFO at BME - Building Materials Europe and has held senior financial positions at Borealis and Philips. He will replace Stephen J. Pope, who will transition to a strategic advisory role within the Group CEO Office after 17 years with the company. The company highlights Stephen's significant contributions, including guiding the Group through a merger and public listing. CEO Eng. Saeed Ghumran Al Remeithi expressed gratitude for Stephen's leadership and looks forward to Mark's expertise driving future financial strategies. Emirates Steel Arkan aims to continue its growth and enhance shareholder value under Tonkens' leadership. The company is a major UAE steel and building materials manufacturer, supplying local and international markets and supporting the UAE's industrial strategy.

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Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From EMSTEEL BUILDING MATERIALS PJSC

Disclosures: EMSTEEL BUILDING MATERIALS PJSC Announcements

The document is a formal notification from Emsteel Building Materials PJSC, addressed to the Disclosure & Compliance Section of the Abu Dhabi Securities Exchange. It announces the appointment of Mr. Mark J.S. Tonkens as the new Group Chief Financial Officer (GCFO) of the company, effective from 02 September 2024. The notification is signed by Eng. Saeed Ghumran Al Remeithi, the Group Chief Executive Officer of Emsteel Building Materials PJSC. A copy of the notification has also been sent to the Securities and Commodities Authority (SCA).

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Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From The National Investor PRJSC

Disclosures: The National Investor PRJSC/ Disclosure Dispose Transaction real estate asset

The National Investor PrJSC has agreed to sell six office units on the 24th floor of Sky Tower, Reem Island, Abu Dhabi. The property, valued at AED 28.7 million (10.1% of the company's share capital), will be sold for AED 24 million. The sale aims to monetize the investment and return the capital to shareholders. The buyer is Mazrui Real Estate LLC, a related party, and the payment was made via a certified banker check. The agreement was signed on 1 August 2024, with execution on 29 August 2024, and an expected closing date of 2 September 2024.

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