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Chimera Capital LLC launches Shariah-compliant exchange traded fund tracking the S&P Saudi Arabia Shariah Index

Chimera S&P KSA Shariah ETF is a Class B stock distribution that will be listed on the Abu Dhabi Stock Exchange (ADX) and a dividend distribution to investors, when available.

Pasar Schweib, Chairman of Chimera Capital, commented: “The launch of this latest ETF edition builds on the success of existing ETFs that crossed AED 300 million in less than 18 months, and is further evidence of our efforts to expand and contribute to the UAE capital markets landscape.”

Saeed Hamad Al Dhaheri, CEO of the Abu Dhabi Securities Exchange, said: Exchange-traded funds offer investors an efficient way to diversify their portfolios and we are pleased to host another listing of Chimera Capital on the Abu Dhabi Securities Exchange. Over the course of 2021, we introduced a range of new products and services to meet the needs of investors, helping to boost market activity and encourage more listings. We look forward to seeing the continued success of Chimera Capital and welcome further listings on the exchange.”

Sherif Salem, Head of Investments – Public Markets at Chimera Capital commented: “We are pleased to launch our fifth ETF and the first to track unlisted stocks in the UAE. The fund will cater to the growing appetite for diversified investments among Emirati and regional investors and provide them with an innovative tool to take advantage of Saudi Arabia’s economic prospects.

The Chimera S&P UAE Shariah ETF will be managed by Chimera Capital’s in-house firm, Chimera Capital LLC, which is licensed by the Securities and Commodities Authority (SCA) as an investment management firm. In the meantime, BNY Mellon will serve as the global custodian of the ETF. The authorized participants of the fund are International Securities, EFG-Hermes, Daman Securities, PHM Capital, and Argaam Securities.

Marius Baumann, Global Head of Custom Indicators at S&P Dow Jones Indices added: S&P Dow Jones Indices is pleased to work with Chimera Capital LLC on the launch of its fund that tracks the S&P Saudi Arabia Shariah Liquid Top 30 Index 35/20 Capped. With our innovative global indicators, we are able to provide key market insights to clients like Chimera as they develop indicator-based solutions for their end customers.”

Anthony Habis, Head of Middle East and Africa at BNY Mellon commented: “We are delighted to have been selected as the global custodian for the innovative Chimera S&P KSA Shariah ETF, which allows BNY Mellon to further support the growing and dynamic financial market in Saudi Arabia. With ETFs generating record interest from investors across the region, our continued collaboration with Chimera Capital Limited will bring their products to market through BNY Mellon’s robust ETF platform.”

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About Chimera Capital LLC

Chimera Capital LLC, an Abu Dhabi-based investment firm, offers its clients unique access to an extensive list of innovative investment vehicles with a primary focus on the alternative asset management space. Chimera Capital LLC leverages the parent company’s extensive experience in private investments, unrivaled regional access to the best service providers and financial intermediaries, and an extensive network of high net-worth individuals, family offices and private investment firms to consistently deliver higher-than-market returns. Chimera Capital LLC, owned by Chimera Investment LLC, is duly authorized and regulated by the UAE Securities and Commodities Authority (SCA), and fully complies with international standards of corporate governance.

For more information, please contact:
Chimera Capital LLC
Marie Bjoelhan
Email: chimeracapital@kekstcnc.com
chimerainvestment.com/

About the Abu Dhabi Securities Exchange (ADX)

The Abu Dhabi Securities Exchange (ADX) was established on November 15, 2000 by Local Law No. (3) of 2000, the provisions of which grant the market a legal entity with an independent status, independent financing and management. The law also grants the Abu Dhabi Securities Exchange the necessary supervisory and executive powers to exercise its functions. On March 17, 2020, the Abu Dhabi Securities Exchange was transferred from a “public entity” to a “public joint stock company PJSC” under Law No. (8) of 2020. The Abu Dhabi Securities Exchange is part of ADQ, one of the largest holding companies in Wide area. A group of major companies covering key sectors of Abu Dhabi’s diversified economy.

ADX is a stock exchange. Including shares issued by public joint stock companies, bonds issued by governments or companies, exchange-traded funds, and any other financial instruments approved by the UAE Securities and Commodities Authority (SCA).

The Abu Dhabi Securities Exchange is considered the second largest in the Arab region, and its strategy of providing stable financial performance with diversified sources of income is in line with the guiding principles of the UAE’s “Next 50” agenda. The National Plan outlines the strategic development plan for the United Arab Emirates, which aims to build a sustainable, diversified and high-value-added economy that positively contributes to the transition to a new global model of sustainable development.

For more information, please contact:
Abdulrahman Saleh ALKateeb
Director of Corporate Communications and Digital Marketing
Marketing and Corporate Communication Department
Email: ALKateebA@adx.ae

About S&P Dow Jones Indices

S&P Dow Jones Indices is the world’s largest resource for fundamental concepts based on indexes, data and research, and is home to popular financial market indices, such as the S&P 500® The Dow Jones Industrial Average®. More assets are invested in our index products than in index based products from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has created and developed indices across a range of asset classes helping to define the way investors measure and trade markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential information for individuals, businesses and governments to make decisions with confidence. For more information, visit https://www.spglobal.com/spdji/en/.

About BNY Mellon

BNY Mellon is a global investment firm dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services to institutions, corporations, or individual investors, BNY Mellon provides informed investment, wealth management, and investment services in 35 countries. As of September 30, 2021, BNY Mellon had $45.3 trillion in assets under custody and/or management, and $2.3 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is a brand of Bank of New York Mellon Corporation (NYSE: BK). Additional information is available at www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroomFor the latest company news.

© Press Release 2022

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