HONG KONG, July 30, 2026 /PRNewswire/ -- CSOP KOSPI 200 Covered Call Active ETF (3537.HK) will list on Hong Kong Stock Exchange on 31st July 2026. 3537.HK seeks to achieve its investment objective by primarily (i) using a synthetic representative sampling strategy to obtain an exposure to the KOSPI 200 Index through KOSPI 200 futures; and (ii) selling call options on the KOSPI 200 Index to receive call options premium. 3537.HK has a listing price of around HK$7.8 per unit, trading unit of 100, and management fee of 0.99%.
Option premiums tend to increase with market volatility. Amid elevated annualized volatility of 60.1% in the KOSPI 200 Index, the KOSPI 200 Index covered call strategy delivered a strong return of 25.4% YTD in 2026[1]. In parallel, global quarterly net inflows into KOSPI 200 Index Covered Call ETFs accelerated, reaching around KRW 2 trillion (around HK$10.5 billion) in 2026 Q1[2], reflecting growing investor interest in the strategy.
CSOP KOSPI 200 Covered Call Active ETF (3537.HK) aims to provide monthly distributions primarily through the collection of option premiums, offering an income-oriented solution for investors seeking potential yield enhancement[3]. By generating option premium income, the strategy may provide a partial buffer during market downturns compared with holding the KOSPI 200 Index alone. At CSOP Asset Management ("CSOP"), our US$34.8 billion (around HK$272.8 billion) in derivatives exposure reflects our extensive derivatives management capabilities[4]. 3537.HK offers investors professionally managed access to a covered call strategy, without the complexity of managing options positions themselves.
A covered call strategy is an options trading strategy that involves holding a long position in a particular asset (for example, a stock, a commodity, a bond, a currency, or an index) while simultaneously writing call options on the same asset. Covered call strategies have been gaining strong traction in the increasingly competitive global ETF market. In Hong Kong, covered call ETFs have recorded robust net inflows of HK$22.6 billion so far this year, underscoring growing investor demand for income-enhancing strategies[5]. CSOP HSCEI Covered Call Active ETF (2802.HK) has also benefited from this momentum, attracting HK$10.3 billion, the highest in the category[6].
Ms. Ding Chen, CEO of CSOP stated, "Building on the success of CSOP HSCEI Covered Call Active ETF (2802.HK), which has amassed an AUM of HK$9.1 billion within just a few months[7], we are proud to introduce CSOP KOSPI 200 Covered Call Active ETF (3537.HK). This ETF provides investors with another income-oriented solution that aims to deliver monthly distributions and enhance portfolio resilience amid volatility in the Korean market."
About CSOP Asset Management
CSOP Asset Management is the largest ETF/ETP issuer in Hong Kong*. As of 30th June 2026, CSOP's total AUM stood at about US$45.3 billion (about HK$355.0 billion), supported by a robust ETF ecosystem and a lineup of 70 ETF/ETPs and 5 mutual funds across Hong Kong and Singapore**. In 2026, 6 of the 10 most actively traded ETPs in Hong Kong were managed by CSOP***.
| *Source: HKEX, Bloomberg, CSOP, as of 30th June 2026. Based on assets under management of all share classes of ETFs (including leveraged and inverse products) listed in Hong Kong, excluding ETFs with multiple listings. |
| ** Source: HKEX, Bloomberg, CSOP, as of 30th June 2026. |
| ***Source: Bloomberg, from 1st January 2026 to 31st May 2026. |
*Source: HKEX, Bloomberg, CSOP, as of 30th June 2026. Based on assets under management of all share classes of ETFs (including leveraged and inverse products) listed in Hong Kong, excluding ETFs with multiple listings.
** Source: HKEX, Bloomberg, CSOP, as of 30th June 2026.
***Source: Bloomberg, from 1st January 2026 to 31st May 2026.
Disclaimer and Important Notices
Investment involves risks. Investors should refer to the Prospectus and the Product Key Facts Statement for further details, including product features and the full list of risk factors. This material is prepared by CSOP Asset Management Limited and has not been reviewed by the Securities and Futures Commission in Hong Kong. Please read the detailed disclosure and disclaimer carefully by accessing website (https://www.csopasset.com/en/education/disclaimer_en_forKospiCoveredC.html).
| [1] Source: Bloomberg, as of 30th June 2026. KOSPI 200 Covered Call Strategy applies CKOSPI2A Index which is of similar strategy for reference only and are not indicative of the actual return likely to be achieved by the fund. |
| [2] Source: Bloomberg, as of 2026 Q1. |
| [3] The Manager intends to declare and pay monthly dividends. However, there is neither a guarantee that such dividends will be made nor will there be a target level of dividend payout. The Manager may, at its discretion, pay dividend out of capital. Payments of dividends out of capital or effectively out of capital amounts to a return or withdrawal of part of an investor's original investment or from any capital gains attributable to that original investment. Any distributions involving payment of dividends out of the Sub-Fund's capital or effectively out of capital may result in an immediate reduction in the Net Asset Value per Unit of the Sub-Fund and will reduce any capital appreciation for the unitholders of the Sub-Fund. |
| [4] Source: As of 30th June 2026.The notional amount of derivative (exchange traded futures, swap and listed option) in CSOP investment portfolio. |
| [5] Source: Bloomberg, as of 30th June 2026. |
| [6] Source: Bloomberg, as of 30th June 2026, based on net inflows among products in the same category in Hong Kong. |
| [7] Source: CSOP, as of 21st July 2026. CSOP HSCEI Covered Call Active ETF was listed on HKEX on 11 December 2025. |
[1] Source: Bloomberg, as of 30th June 2026. KOSPI 200 Covered Call Strategy applies CKOSPI2A Index which is of similar strategy for reference only and are not indicative of the actual return likely to be achieved by the fund.
[2] Source: Bloomberg, as of 2026 Q1.
[3] The Manager intends to declare and pay monthly dividends. However, there is neither a guarantee that such dividends will be made nor will there be a target level of dividend payout. The Manager may, at its discretion, pay dividend out of capital. Payments of dividends out of capital or effectively out of capital amounts to a return or withdrawal of part of an investor's original investment or from any capital gains attributable to that original investment. Any distributions involving payment of dividends out of the Sub-Fund's capital or effectively out of capital may result in an immediate reduction in the Net Asset Value per Unit of the Sub-Fund and will reduce any capital appreciation for the unitholders of the Sub-Fund.
[4] Source: As of 30th June 2026.The notional amount of derivative (exchange traded futures, swap and listed option) in CSOP investment portfolio.
[5] Source: Bloomberg, as of 30th June 2026.
[6] Source: Bloomberg, as of 30th June 2026, based on net inflows among products in the same category in Hong Kong.
[7] Source: CSOP, as of 21st July 2026. CSOP HSCEI Covered Call Active ETF was listed on HKEX on 11 December 2025.
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From Volatility to Income Opportunity -- CSOP KOSPI 200 Covered Call Active ETF (3537.HK) Debuts on HKEX Tomorrow
- Consolidated revenue for the first half increased to AED 38.1 billion, achieving 11.6% growth YoY
- The Group's consolidated net profit reached AED 6.0 billion, growing by 2.4% YoY (excluding the gain from the sale of Khazna and the Maroc Telecom settlement in H1 2025)
- EBITDA reached AED 17.7 billion, an increase of 13.1% compared to the same period last year, with a profit margin of 46.5%
- Interim DPS of 47.5 fils, an increase of 10.5% compared to the same period last year
- Strategic portfolio reset to sharpen the focus on strengthening core businesses with the sale of stake in Vodafone at a premium to the market price, and the partial sale of 12.5% stake in Careem Technologies
ABU DHABI, UAE, July 30, 2026 /PRNewswire/ -- e& today announced its financial results for the first half of 2026 (H1 2026), delivering strong financial and business performance that reflects the Group's ability to sustain growth across its home market and international operations. This performance was driven by a clear strategy focused on core businesses, comprehensive digital transformation, and accelerating AI-powered innovation.
During the first six months of this year, e& recorded strong growth in its consolidated revenue, reaching AED 38.1 billion, representing an increase of 11.6 per cent year-on-year (YoY). Consolidated net profit reached AED 6.0 billion, marking YoY growth of 2.4 per cent, excluding the gain on the sale of Khazna and the impact of the Maroc Telecom (MT) settlement in 2025.
EBITDA in H1 2026 reached AED 17.7 billion, a YoY increase of 13.1 per cent, resulting in a strong EBITDA margin of 46.5 per cent. These financial results are supported by the continued growth of the Group's overall subscriber base, which grew by 30.4% per cent to reach 251.5 million subscribers, while the number of e& UAE subscribers reached 16.5 million, an increase of 6.4 per cent YoY.
This performance reflects growing customer demand for the Group's portfolio of innovative services and solutions, as well as its ability to meet increasing demand for advanced connectivity infrastructure and deliver differentiated, AI-enhanced digital experiences for consumers and businesses.
Following a comprehensive strategic review of the Group's international investment portfolio after the end of the second quarter, e& successfully completed the sale of its entire stake in Vodafone Group Plc. The transaction generated gross cash proceeds of AED 21.9 billion (USD 5.95 billion) and net cash return of AED 4.8 billion (equivalent to USD 1.3 billion). Similarly, e& completed the sale of 12.5 per cent of its 50.03 per cent stake in Careem Technologies to Uber for total consideration of AED 367 million (USD 100 million).
Financial Highlights for H1 2026
| H1 2026 | H1 2025 | % Change | Q2 2026 | Q2 2025 | % Change |
| Consolidated
Revenue (1) | 38.1 billion
dirhams | 34.2 billion
dirhams | 11.6 % | 19.2 billion
dirhams | 17.7 billion
dirhams | 8.7 % |
| Consolidated
Net Profit | 6.0 billion
dirhams | 5.9 billion
dirhams (2) | 2.4 % | 3.1 billion
dirhams | 3.1 billion
dirhams (2) | 1.1 % |
| EBITDA (1) | 17.7 billion
dirhams | 15.7 billion
dirhams | 13.1 % | 9.0 billion
dirhams | 8.2 billion
dirhams | 9.8 % |
| Earnings Per
Share | AED 0.69 | AED 0.67
(2) | 2.4 % | AED 0.36 | AED 0.35
(2) | 1.1 % |
| Total Group
Subscribers | 251.5 million
subscribers | 192.9
million
subscribers
(3) | 30.4 % | 251.5
million
subscribers | 192.9
million
subscribers
(3) | 30.4 % |
| UAE
Subscribers | 16.5 million
subscribers | 15.5 million
subscribers | 6.4 % | 16.5 million
subscribers | 15.5 million
subscribers | 6.4 % |
| (1) Financial results of 2026 and comparative 2025 excludes Careem Technologies due to the deconsolidation after the partial sale of 12.5% stake. (2) Q2 2025 net profit & EPS adjusted for the impact of MT settlement, while H1 2025 net profit and EPS are adjusted for the impact of MT settlement and
the gain from sale of Khazna (3) Adjusted for Maroc Telecom reported number |
H1 2026
H1 2025
% Change
Q2 2026
Q2 2025
% Change
Consolidated
Revenue (1)
38.1 billion
dirhams
34.2 billion
dirhams
11.6 %
19.2 billion
dirhams
17.7 billion
dirhams
8.7 %
Consolidated
Net Profit
6.0 billion
dirhams
5.9 billion
dirhams (2)
2.4 %
3.1 billion
dirhams
3.1 billion
dirhams (2)
1.1 %
EBITDA (1)
17.7 billion
dirhams
15.7 billion
dirhams
13.1 %
9.0 billion
dirhams
8.2 billion
dirhams
9.8 %
Earnings Per
Share
AED 0.69
AED 0.67
(2)
2.4 %
AED 0.36
AED 0.35
(2)
1.1 %
Total Group
Subscribers
251.5 million
subscribers
192.9
million
subscribers
(3)
30.4 %
251.5
million
subscribers
192.9
million
subscribers
(3)
30.4 %
UAE
Subscribers
16.5 million
subscribers
15.5 million
subscribers
6.4 %
16.5 million
subscribers
15.5 million
subscribers
6.4 %
(1) Financial results of 2026 and comparative 2025 excludes Careem Technologies due to the deconsolidation after the partial sale of 12.5% stake.
(2) Q2 2025 net profit & EPS adjusted for the impact of MT settlement, while H1 2025 net profit and EPS are adjusted for the impact of MT settlement and
the gain from sale of Khazna
(3) Adjusted for Maroc Telecom reported number
Commenting on the financial results, H.E. Jassem Mohamed Bu Ataba Alzaabi, Chairman of e& Group, said: "Our results today confirm that the Group is making steady progress towards leading the digital future. We have successfully navigated regional and global challenges with agility and turned these challenges into real opportunities for business growth.
"Our financial performance in the first half of 2026 reflects the success of our strategy, which is built on the strength of e&'s core business portfolio, alongside our continued investments in technology infrastructure and advanced digital solutions. This has provided us with a solid foundation to sustain growth and reinforce our leadership across regional and international markets, as clearly demonstrated by consolidated revenue of AED 38.1 billion in the first half of 2026.
"The ongoing and rigorous assessment of our international investments is one of the key pillars through which we maintain e&'s financial strength and ensure the highest value and returns for shareholders. The completion of the sale of our stake in Vodafone in July 2026 generated AED 21.9 billion in cash proceeds and resulted in a net cash gain of AED 4.8 billion.
"Guided by the vision and support of the UAE's wise leadership, e& will continue to play a role in shaping the digital landscape and advancing social and economic progress. We will continue to strengthen our position and explore new technological frontiers, building on solid foundations to drive long-term growth and strengthen our leadership as a trusted partner in enabling comprehensive digital transformation. We will also continue to deliver innovations that strengthen the UAE's position on the global technology map."
Masood M. Sharif Mahmood, Group Chief Executive Officer of e& Group, said: "Despite the recent regional and global challenges, e& demonstrated the strength of its operating model and its ability to adapt throughout the first half of 2026. We also achieved a consolidated net profit of AED 6.0 billion and EBITDA of AED 17.7 billion, with a strong margin of 46.5% while maintaining healthy cash flows. This financial performance was further supported by continued growth in the Group's total subscriber base, which increased by 30.4% to reach 251.5 million subscribers.
"These results are a testament to our proactive risk management, the diversification of our portfolio across telecommunications and digital businesses, and the integration of innovative AI applications, this reinforces shareholder confidence in our ability to lead the digital future.
"Our strategy for long term growth is built on our ability to strengthen and improve our operating model, ensuring it remains responsive to regional and global shifts. This enables us to deliver strong returns that reflect disciplined capital management and flexibility in capital and asset rotation. Our strong financial position allows us to capture promising opportunities and continue developing future-ready digital infrastructure.
The Group Chief Executive Officer concluded: "e&'s greatest strength lies in its ability to ensure business continuity while delivering reliable digital services enhanced by advanced AI capabilities. e& maintained service continuity, strengthened network readiness, supported remote work and education ecosystems, and provided reliable digital infrastructure for individuals, businesses, and government entities. The Group has demonstrated its ability to fulfil its national and economic role, guided by the forward-looking vision of the UAE's wise leadership."
CONTACT: Nancy Sudheer, +971 50 705 5290, email: nsudheer@eand.com
** This press release is distributed by PR Newswire through automated distribution system, for which the client assumes full responsibility. **
e& reports 11.6% increase in consolidated revenue to AED 38.1 billion in H1 2026
