Seif Fikry, Chief Executive Officer (CEO) of Chimera Capital LLC, an Abu-Dhabi-based asset management firm and subsidiary of Chimera Investments LLC, rang the market-opening bell to celebrate the listing of its Umbrella Exchange Traded Fund (ETF) - Chimera S&P UAE Shariah ETF- Share Class B – Income, on the Dubai Financial Market (DFM).
The Class B units have been listed on the DFM under the trading symbol (CHAESHIN). The fund replicates the S&P UAE Domestic Shariah Liquid 35/20 Capped Index, including the UAE largest stocks by market capitalization.
Mr. Hassan Al Serkal, CEO of DFM as well as Seif Fikry, Chief Executive Officer of Chimera Capital attended the bell ringing ceremony along with senior representatives from both sides.
The fund’s Class B distributes to investors any collected dividends from investments in companies included in the S&P UAE Shariah Index, which tracks the performance of UAE liquid equities, enabling investors to unlock opportunities of a new and promising asset class in the UAE financial markets.