Abu dhabi: The Abu Dhabi Securities Exchange (ADX) Group today welcomed the listing of the Chimera Solactive GCC Shariah Dividend ETF (GCCDIV), marking the fourth listing of the year.
According to Emirates News Agency, this pioneering exchange-traded fund (ETF) was developed by Abu Dhabi-based global investment manager Lunate. It tracks high-performing, income-generating, Shariah-compliant equities across the Gulf Cooperation Council (GCC), making it the first of its kind. The listing marks the 24th ETF on the ADX, further solidifying the exchange's position as the most active and liquid ETF hub in the Middle East. This launch is a crucial milestone in facilitating access to the GCC's rapid economic expansion.
The fund offers a single, diversified, and transparent investment vehicle, providing both retail and institutional investors with access to leading companies in the UAE, Saudi Arabia, and Qatar. The ETF tracks the Solactive GCC Shariah Dividend Index, which boasts an index market capitalization of US$1.49 trillion, including four ADX-listed issuers: Borouge, Dana Gas, Lulu Retail, and Sharjah Islamic Bank.
With an index indicative dividend yield of 6.2%, GCCDIV combines Shariah screening, dividend-focused selection, and a 12-month momentum overlay to target financially robust companies with more sustainable income characteristics. This listing further enhances ADX's suite of income-oriented investment products, building on initiatives like the FTSE ADX Dividend Stars Index.
Through this single listing, investors can effortlessly capture growth in cash-generative businesses across high-growth sectors such as materials, energy, retail, and banking, without the complexities of cross-border trading or high entry barriers.
Abdulla Salem Alnuaimi, Group Chief Executive Officer of ADX Group, emphasized the importance of resilient investment opportunities that deliver sustainable growth and attractive returns. He noted that ADX is committed to introducing vital investment vehicles to build the Middle East's most active ETF hub, serving the needs of its stakeholders.
Sherif Salem, Partner and Head of Public Markets at Lunate, expressed excitement over listing their 20th ETF on the ADX and the 11th Shariah-compliant ETF. He highlighted that GCCDIV is the first Shariah-compliant ETF globally to offer access to multiple GCC markets in a single dividend-paying product, expanding Lunate's suite of market and thematic ETFs.
This announcement comes amid continued momentum in ADX's ETF market. In the first five months of 2026, ETF trading value rose by 156% year on year to 184 million dirhams, with the number of trades increasing by 156% to over 15,000, and trading volume surging by 152% to over 33 million units. With total ETF market capitalization reaching AED27.5 billion at the end of May 2026, the ADX continues to strengthen its position as the region's leading hub for innovative and diversified investment products.