In The News

Wednesday, August 26, 2020
Chimera Capital LLC’s Fund Establishment
Global Legal Chronicle

Herbert Smith Freehills’ has advised Chimera Capital LLC on the establishment of the Chimera Umbrella Fund. Chimera Umbrella Fund is an on-shore public fund pursuing a novel ‘market-first’ exchange-traded fund (“ETF”) structure in the UAE.

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Tuesday, August 18, 2020
DFM Welcomes the Listing of Chimera Capital’s ETF
Emarat El Youm

Seif Fikry, the CEO of Chimera Capital, an Abu Dhabi-based asset management firm wholly owned by Chimera Investments, rang the start of the trading bell for its Chimera S&P UAE Shariah ETF – Share Class B on the Dubai Financial Market under the ticker (CHAESHIN).

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Tuesday, August 18, 2020
Etisalat and Dubai Islamic Bank Hold Largest Weight on the Chimera S&P UAE Shariah ETF
Al Bayan

Chimera Capital announced that the shares of Emirates Telecommunications Group (Etisalat) and Dubai Islamic Bank hold the largest weight in the Chimera S&P UAE Shariah ETF, at 33.08% and 18.9% respectively. There are four authorized participants for the fund, EFG Hermes, Shuaa Securities, BH Mubasher Financial Services and Arqaam Securities.

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Monday, August 17, 2020
The Abu Dhabi Securities Exchange Lists the First Sharia Compliant Index Fund
Al Khaleej

The Abu Dhabi Securities Exchange today listed Chimera Capital's S&P UAE Shariah ETF in the market. The fund was designed to replicate the S&P UAE Domestic Shariah Liquid 35/20 Capped Index. The index is provided by S&P and tracks the performance of Sharia-compliant liquid stocks in the UAE, opening the way to a new and increasingly demanding asset class for investors seeking to enter the UAE market.

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Monday, August 17, 2020
UAE's First ETF Tracking Sharia-compliant Index Lists on UAE Markets
The National

The UAE's first exchange traded fund tracking a Sharia-compliant index began trading on the Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market on Monday. Chimera Capital, an Abu Dhabi-based asset management firm wholly owned by Chimera Investments, listed its Chimera S&P UAE Shariah ETF – Share Class A in Abu Dhabi, ADX said in a filing. A separate listing for Share Class B took place on the DFM.

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Monday, August 17, 2020
The Abu Dhabi Securities Exchange Lists the First Sharia Compliant Index Fund
Al Arabiya

The Abu Dhabi Securities Exchange listed the Chimera S&P UAE Shariah ETF, which is designed to replicate the S&P UAE Domestic Shariah Liquid 35/20 Capped Index. The index tracks the performance of Sharia-compliant liquid stocks in the UAE, opening the way to a new and increasingly demanding asset class for investors seeking to open up to the UAE's economy.

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Monday, August 17, 2020
Chimera Capital Lists ETF in Dubai, Abu Dhabi Stock Exchange
Zawya

Abu-Dhabi-based asset management firm and subsidiary of Chimera Investments, Chimera Capital, listed its Umbrella Exchange Traded Fund (ETF) – Chimera S&P UAE Shariah ETF – on Abu Dhabi Securities Exchange and Dubai Financial Market. The fund replicates the S&P UAE Domestic Shariah Liquid 35/20 Capped Index, including the UAE largest stocks by market capitalization. The Class B units have been listed on the DFM under the trading symbol (CHAESHIN).

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Monday, August 17, 2020
Abu Dhabi Securities Exchange Lists Exchange-Traded Fund Tracking Shariah-Compliant Products
Al Bawaba

Abu Dhabi Securities Exchange (ADX) announced today that Chimera Capital LLC’s Exchange Traded Fund (ETF) has listed on the Exchange. The ETF has been designed to replicate the S&P UAE Domestic Shariah Liquid 35/20 Capped Index.

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Monday, August 17, 2020
Chimera Capital Rings the Opening Bell on the Dubai Financial Market
Al Khaleej

Seif Fikry, the CEO of Chimera Capital, an Abu Dhabi-based asset management firm wholly owned by Chimera Investments, rang the start of the trading bell for its Chimera S&P UAE Shariah ETF. The listing of the ETF marks an important step in line with the market’s strategy to diversify financial instruments by providing investors with a new tool to invest in the UAE’s pool of leading companies.

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Monday, August 17, 2020
Chimera Capital’s S&P UAE Sharia Compliant ETF Lists on the DFM and ADX
Argaam

The Dubai Financial Market (DFM) and Abu Dhabi Securities Exchange (ADX) announced today the listing of Chimera Capital’s S&P UAE Sharia Compliant ETF, with Class-A shares listing on the ADX and will reinvest income into the fund and Class-B shares listing on the DFM will distribute any collected dividends to investors.

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Wednesday, July 22, 2020
Chimera Capital’s CEO discusses launch of new Shariah-compliant ETF
Dubaieye

Chimera Capital’s CEO, Seif Fikry, speaks to Dubaieye’s The Business Breakfast podcast and discusses the launch of the first ETF tracking a Shariah-compliant index in the UAE. The interview covers all aspects of the newly launched ETF, from the fund’s composition and index to where demand for the fund is expected to come from.

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Wednesday, July 22, 2020
Abu Dhabi asset manager launches Shariah-compliant ETF
The National

Chimera Capital, an Abu Dhabi asset management company and subsidiary of Chimera Investments, launched an exchange traded fund that will be available to investors through the UAE’s two main stock exchanges. The Chimera S&P UAE Shariah ETF will have two different share classes that will track a Shariah-compliant index compiled from stocks listed in Abu Dhabi and Dubai.

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Tuesday, July 21, 2020
Chimera Capital launches first exchange-traded fund tracking S&P Shariah-compliant index in the UAE
ETF Express

Chimera Capital, an Abu-Dhabi-based asset management firm and subsidiary of Chimera Investments, has launched the Chimera S&P UAE Shariah Exchange Traded Fund, a physical, in-kind, liquid and fully fungible ETF. The ETF has been designed to replicate the S&P UAE Domestic Shariah Liquid 35/20 Capped Index (Bloomberg: SPSHDAAP).

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Tuesday, July 21, 2020
BNY Mellon selected as ETF custodian for Chimera Capital
EU Bankers

BNY Mellon has been selected as custodian for Chimera Capital’s exchange-traded fund (ETF), the first of its kind in the UAE. While the fund will be managed by Chimera Capital, BNY Mellon’s London office will act as global custodian, while HSBC Middle East acts as local custodian.

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Tuesday, July 21, 2020
Chimera Capital launches the first exchange traded fund tracking the S&P Shariah-compliant index in the UAE
Dubaieye

Chimera Capital announced today the launch of its Chimera S&P UAE Shariah Exchange Traded Fund that has been designed to replicate the S&P UAE Domestic Shariah Liquid 35/20 Capped Index. The new fund provides investors with promising opportunities to benefit from a new product to invest in the UAE financial markets.

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Tuesday, July 21, 2020
Launch of the first ETF in Dubai and Abu Dhabi
Arabian Business

Sources in Dubai and Abu Dhabi revealed that the first ETF will be launched by Chimera Capital in the UAE and that the fund will be listed and made available to investors on both the Dubai Financial Market and Abu Dhabi Stock Exchange. The fund will be called the Chimera S&P UAE Shariah ETF and will operate under the Chimera Umbrella Fund and will offer two classes of shares.

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Tuesday, July 21, 2020
Chimera Capital’s Chief Investment Officer discusses the launch of the first exchange-traded fund tracking the S&P Shariah-compliant index in the UAE
Dubai Al Oula TV

Chimera Capital’s Chief Investment Officer (CIO) Sherif Salem discusses the launch of the of the first exchange-traded fund (ETF) tracking a UAE S&P Shariah-compliant index as well as the diversified opportunities presented to investors through this ETF.

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Tuesday, July 21, 2020
Chimera Capital’s CEO discusses launch of the first ETF tracking a Shariah-compliant index in the UAE with Al Arabiya’s Lara Habib
Al Arabiya TV

Chimera Capital’s CEO, Seif Fikry, discusses the launch of the company’s first ETF tracking the S&P Shariah-compliant index in the UAE. The ETF is called the Chimera S&P UAE Shariah ETF and will offer two classes of shares on the Abu Dhabi Stock Exchange (ADX) and the Dubai Financial Market (DFM).

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Tuesday, July 21, 2020
Launch of the first ETF tracking a Shariah-compliant index in the UAE
Al Bayan

Chimera Capital launched the first ETF that tracks a Shariah-compliant index in the UAE. It will operate under the Chimera Umbrella Fund and will be managed by Chimera Capital from its headquarters in the UAE. The list of authorized participants includes EFG Hermes UAE Limited, Shuaa Securities, and BH Mubasher Financial Services. .

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Tuesday, July 21, 2020
UAE asset manager to start ETF trading in Dubai and Abu Dhabi
Bloomberg

The first exchange-traded fund in the United Arab Emirates accessible to investors both in Dubai and Abu Dhabi is expected to list next month. The Chimera Umbrella Fund -- Chimera S&P UAE Shariah ETF will have two different share classes that will track a Shariah-compliant index compiled from stocks listed on the main exchanges in both emirates..

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