1. Overview
Lunate has launched the Chimera Solactive GCC Shariah Dividend ETF AED (Dist) (Ticker: GCCDIV), a new exchange-traded fund (ETF) designed to provide investors with diversified exposure to high-dividend-paying Shariah-compliant companies across GCC equity markets.
The ETF aims to track the performance of the Solactive GCC Shariah Dividend Index (USD) Net Total Return before fees and expenses. GCCDIV is structured as an income-focused investment product targeting companies with strong financial profiles, sustainable payout characteristics and resilient cash-generating capabilities across the GCC region.
The ETF is expected to list on the Abu Dhabi Securities Exchange (ADX) on 23 June 2026.
2. Key ETF Details
| Item | Details |
|---|---|
| ETF Name | Chimera Solactive GCC Shariah Dividend ETF AED (Dist) |
| Trading Ticker | GCCDIV |
| ISIN | AEC01930C265 |
| Exchange | Abu Dhabi Securities Exchange (ADX) |
| Trading Currency | AED |
| ETF Structure | Open-ended ETF |
| Benchmark Index | Solactive GCC Shariah Dividend Index (USD) Net Total Return |
| Number of Holdings | 20 Companies |
| Dividend Distribution | Semi-annual |
| Indicative Dividend Yield | Approximately 6.2% |
| Total Expense Ratio (TER) | 0.50% |
| Initial Offering Price | AED 3.67 per unit + AED 0.04 issuance charges |
| Expected Listing Date | 23 June 2026 |
3. Subscription Details
The Initial Offering Period (IOP) will run from:
• 8 June 2026 at 10:00 AM UAE time
• Until 16 June 2026 at 3:00 PM UAE time
The minimum subscription amount is based on the ETF’s offering price of AED 3.67 per unit, in addition to issuance charges of AED 0.04 per unit.
Investors can subscribe to the ETF through the authorised participants:
• International Securities
• HSBC
• EFG Hermes UAE
• FAB Securities
• Daman Securities
• Arqaam Securities
• Q Market Maker (QMM)
Alternatively, subscriptions can also be completed through the receiving entities available on the ADX portal:
• First Abu Dhabi Bank (FAB)
• Emirates NBD
• Mashreq
• Wio Bank
• BHM Capital
• Al Ramz Capital
• Tabadul
• Thndr
4. Investment Objective
The ETF seeks to provide investors with diversified exposure to dividend-paying Shariah-compliant companies across GCC markets through a single listed investment product.
According to Lunate, the ETF combines:
• Shariah screening
• Dividend-focused stock selection
• Momentum overlay strategies
The investment framework is designed to target:
• Stronger financial profiles
• Sustainable payout potential
• More resilient income characteristics
• Diversified regional exposure across GCC markets
5. GCC Market Exposure
The ETF currently provides exposure to companies listed across:
• United Arab Emirates
• Saudi Arabia
• Qatar
According to the company, the index may expand to additional GCC countries in the future subject to meeting certain criteria.
6. Country Allocation
Current country allocation of the ETF includes:
• UAE – 38.5%
• Saudi Arabia – 35.2%
• Qatar – 26.3%
7. Sector Exposure
The ETF provides exposure across multiple sectors including:
• Communication Services – 21.9%
• Materials – 21.6%
• Industrials – 18.4%
• Energy – 12.6%
• Real Estate – 10.5%
• Financials – 9.4%
• Consumer Discretionary – 5.6%
According to Lunate, the diversified sector mix provides exposure to multiple economic drivers across GCC markets.
8. Top Holdings
The top 10 holdings of the Solactive GCC Shariah Dividend Index currently include:
| Company | Weight |
|---|---|
| Air Arabia | 11.2% |
| du | 10.7% |
| Industries Qatar | 9.8% |
| Yanbu National Petrochemicals (YANSAB) | 8.8% |
| Jarir Marketing | 8.2% |
| Qatar Fuel (WOQOD) | 8.0% |
| Borouge | 7.2% |
| Barwa Real Estate | 4.9% |
| Sharjah Islamic Bank (SIB) | 4.8% |
| Dana Gas | 4.6% |
The ETF includes companies operating across aviation, telecom, petrochemicals, retail, energy, real estate and banking sectors across GCC markets.
9. Dividend Information
The ETF is designed as an income-focused investment product and intends to distribute dividends semi-annually based on dividends received from underlying portfolio companies.
Dividend-focused highlights:
• Indicative dividend yield of approximately 6.2%
• Semi-annual dividend distribution strategy
• Exposure to established dividend-paying GCC companies
• Potential income generation alongside capital appreciation opportunities
10. How the ETF Works
The ETF passively replicates the Solactive GCC Shariah Dividend Index and holds stocks in the same proportions as the benchmark index.
Additional operational details:
• ETF operates through a cash-based creation mechanism
• Open-ended ETF structure
• Daily trading on ADX after listing
• Exposure to 20 companies across GCC markets
11. Why This ETF Matters
According to Lunate, GCCDIV is the first Shariah-compliant ETF globally to provide diversified exposure to dividend-paying companies across multiple GCC markets through a single listed investment vehicle.
The ETF aims to provide:
• Regional diversification across GCC economies
• Exposure to high-dividend companies
• Shariah-compliant investment exposure
• Simplified access to GCC equity markets through one listed product
The launch also further expands ADX’s growing ETF ecosystem and reflects increasing investor demand for thematic, regional and income-focused investment products across UAE capital markets.
ADX reported ETF trading value of AED 155 million during Q1 2026, more than three times higher year-on-year.
12. Key Highlights
• First GCC-wide Shariah dividend ETF launched by Lunate
• Exposure to 20 GCC companies
• Semi-annual dividend distribution strategy
• Indicative dividend yield of approximately 6.2%
• Listed on Abu Dhabi Securities Exchange (ADX)
• Diversified country and sector exposure across GCC markets
• Exposure across UAE, Saudi Arabia and Qatar
• Includes leading GCC dividend-paying companies
13. Source & Disclaimer
Source: Lunate / Abu Dhabi Securities Exchange (ADX)
Disclaimer: This document is for informational purposes only and should not be considered financial or investment advice. Investors should conduct their own independent research and review official offering documents before making investment decisions.