Latest Threads

The Chimera S&P Kuwait Shariah ETF - Income (CHKWSHIN) is an exchange-traded fund that aims to provide investment returns that correspond to the performance of the S&P Kuwait Shariah Liquid 35/20 Capped Index. The fund was launched on 21st February 2022 and is managed by Lunate Capital LLC. It provides a single access point to the Kuwait equity markets and distributes dividends semiannually. The fund has a total expense ratio of 1.00% and a net asset value of 3.174 AED. The ETF's distribution yield is 3.42%, and it holds 15 different assets. The fund is domiciled in the UAE and trades on the Abu Dhabi Securities Exchange. Its performance since inception has been -11.97%.

The Chimera FTSE ADX 15 ETF - Income (CHADX15) is an exchange-traded fund that aims to provide investment returns that align with the performance of the FTSEADX15 Index. The fund provides investors with access to the top 15 companies listed on the ADX. Dividends received by the fund are distributed semiannually. The fund's base and share class currency is AED, and it was launched on 23rd November 2022. The fund has a total expense ratio of 1.00%, and its net asset value (NAV) is 3.168 AED. The fund is managed by Lunate Capital LLC and has 82,250,000 outstanding shares. The fund's year-to-date performance is -2.48%, and its performance since inception is -13.67%. The fund is traded on the Abu Dhabi Securities Exchange.

The Board of Directors of RAK Ceramics PJSC has invited shareholders to attend the Annual General Meeting on 26 March 2024, at the Waldorf Astoria Hotel in RAK, Al Jazerrah Al Hamra or online. The agenda includes approval of the company's financial position and the auditor's report for 2023, approval of the balance sheet and profit and loss account for 2023, approval of the interim cash dividend and the recommended dividend for the second half of 2023, approval of transfers to retained earnings, approval of board remuneration, discharging or removing board members and the auditor, appointing auditors for 2024, and electing board members. Shareholders attending virtually must register electronically to vote. Shareholders can delegate a proxy to attend, with certain conditions.

R.A.K. Ceramics P.J.S.C has announced the opening of nominations for its Board of Directors membership, from 01/03/2024 to 10/03/2024. Seven board members will be elected. Applications for nomination can be submitted to the company's head office in Ras Al Khaimah. Applicants must meet conditions outlined in the Federal Law No. (32) of 2021 and the Chairman of Authority's Board of Directors' Decision no. (3/Chairman) of 2020. Candidates cannot transfer their nomination after the nomination period ends. The list of candidates will be published on the company's website and at the head office on 22/03/2024, and will be sent to the Securities and Commodities Authority.

The text is a formal letter from Dana Gas PJSC, based in Sharjah, U.A.E., dated 1st March 2024. The letter is addressed to the Securities & Commodities Authority and the Abu Dhabi Securities Exchange. It notifies them of the resignation of Mr. Ajit Joshi from his position as a Director of the company, for personal reasons, effective from 29th February 2024. The letter is signed by Omran Al Zamani, the Board Secretary.

SHUAA Capital p.s.c., a financial investment company licensed and regulated by the U.A.E. Securities and Commodities Authority, has announced the resignation of Mr. André George Sayegh from its Board of Directors. The resignation, effective immediately, was due to personal reasons. The notification was made by Bachir Nawar, the Chief Legal and Compliance Officer of the company.