Zawya - Press Releases: Abu Dhabi Securities Exchange welcomes the listing of the first Gulf-based exchange-traded fund (ETF) for cash dividends compliant with Islamic Sharia principles.
Abu Dhabi, UAE – The Abu Dhabi Securities Exchange (ADX) Group today welcomed the listing of the Chimera Solicitive GCC Shariah Dividend ETF, the fourth listing on the exchange since the beginning of the year. Developed by Abu Dhabi-based global investment management firm Lunet, the fund is the first of its kind to track the performance of Shariah-compliant companies that provide regular dividends in the GCC, with a focus on high-performing firms.
This listing brings the number of exchange-traded funds (ETFs) listed on the Abu Dhabi Securities Exchange (ADX) to 24, further solidifying the market's position as the most active and liquid ETF hub in the Middle East. The fund's launch also expands investment opportunities in the rapidly growing economies of the Gulf Cooperation Council (GCC) countries by providing a unified, diversified, and transparent investment vehicle that gives both individual and institutional investors access to leading companies listed in the UAE, Saudi Arabia, and Qatar.
The fund tracks the Shariah GCC Solactive Dividend Index (USD) Net Total Return, which comprises companies with a combined market capitalization of US$ 1.49 trillion, including four companies listed on the Abu Dhabi Securities Exchange: Borouge, Dana Gas, Lulu Retail, and Sharjah Islamic Bank. The index's indicative dividend yield is 6.2%. The fund combines Shariah-compliant investment criteria, a focus on dividend-paying stocks, and a selection methodology that considers stock performance over the past twelve months, thus prioritizing companies with strong financial fundamentals and the potential to generate more sustainable income streams.
This listing also strengthens the ecosystem of income-generating investment products in the Abu Dhabi Securities Exchange, continuing to build on strategic initiatives, including the FTSE Abu Dhabi Top Dividend Index, which includes listed companies with an outstanding record of dividend payouts.
The fund allows investors to take advantage of growth opportunities offered by companies with strong cash flows in high-growth sectors, including basic materials, energy, retail and banking, through a single investment instrument, without having to deal with cross-border investment barriers or face high financial requirements.
Abdullah Salem Al Nuaimi, Group CEO of Abu Dhabi Securities Exchange (ADX) , said: “In the evolving global financial landscape, investors are looking for investment opportunities that combine flexibility with the potential for sustainable growth and attractive returns. Building on its vital role in developing the investment ecosystem, ADX continues to expand the range of investment instruments it offers, from listing the region’s first exchange-traded fund (ETF) in 2010 to its current prominent position as the most active ETF hub in the Middle East. This new fund offers investors the opportunity to invest in a diversified portfolio of GCC-listed companies with strong financial fundamentals, while also benefiting from sustainable long-term income streams. We look forward to continuing to contribute to wealth creation and supporting Abu Dhabi’s long-term economic vision through a dynamic and resilient global capital market.”
Sharif Salem, Partner and Head of Public Markets at Lunet, said: “We are delighted to list Lunet’s 20th exchange-traded fund (ETF) on the Abu Dhabi Securities Exchange (ADX), which is the company’s 11th Sharia-compliant fund. This move embodies our commitment to supporting the development of the financial markets in the Emirate of Abu Dhabi. The Chimera Solicitive Gulf Sharia Dividend ETF is the first Sharia-compliant ETF in the world that allows investors to access multiple investment opportunities in the Gulf markets through a single dividend-based product. This contributes to strengthening the company’s presence in the financial markets and expanding its portfolio of specialized ETFs, in addition to supporting its strategy of providing innovative products for individual and institutional investors that enable them to build balanced and diversified investment portfolios.”
This listing comes amidst the continued momentum of the exchange-traded funds (ETFs) market on the Abu Dhabi Securities Exchange (ADX). The value of ETF trading during the first five months of 2026 increased by 156% year-on-year to AED 184 million, while the number of executed transactions rose by 156% to over 15,000, and trading volume increased by 152% to over 33 million units. The total market capitalization of ETFs reached AED 27.5 billion by the end of May 2026, further solidifying ADX's position as the leading regional hub for innovative and diversified investment products.
About the Abu Dhabi Securities Exchange :
The Abu Dhabi Securities Exchange (ADX) was established on November 15, 2000, under Local Law No. (3) of 2000. Under this law, the exchange enjoys legal personality, financial and administrative independence, and the necessary regulatory and executive powers to carry out its functions. On March 17, 2020, ADX was transformed from a public entity into a public joint-stock company, pursuant to Law No. (8) of 2020 .
The Abu Dhabi Securities Exchange Group was also established, a market infrastructure group that includes the exchange (Abu Dhabi Securities Exchange) and its post-trade system, including its two wholly-owned subsidiaries, Abu Dhabi Depository and Abu Dhabi Clear ( AD Clear ).
Through its integrated business structure that complies with global standards, the group supports efficient, transparent and flexible capital markets through trading, clearing, settlement and custody activities .
The Abu Dhabi Securities Exchange Group’s operations include trading in securities, 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 Capital Market Authority in the United Arab Emirates.
The Abu Dhabi Securities Exchange is the second largest market 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 “Preparing for the Next 50” agenda, which aims to build a sustainable and diversified economy that delivers added value.
For more information, please contact :
Abdulrahman Saleh Al-Khatib - Director of Corporate Communications
Abu Dhabi Securities Exchange
Email: ALKhateebA@adx.ae
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