Abu Dhabi Exchanges Lists Gulf Dividend Fund
The Abu Dhabi Securities Exchange announced the listing of the first traded investment fund in the Gulf that complies with Islamic Shariah principles and is dedicated to regular profit distributions within the Gulf Cooperation Council countries. The fund aims to enable investors to access companies with strong performance and sustainable dividends. It focuses on stocks listed in the UAE, Saudi Arabia, and Qatar, and tracks the Shariah GCC Solactive Dividend Index, which includes companies with a combined market value of up to $1.49 trillion, with a benchmark dividend yield of 6.2%. This listing contributes to expanding investment products and increasing market activity for funds in Abu Dhabi, with trading value and transaction numbers expected to rise during 2026.
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