Lunate, a global investment manager based in Abu Dhabi, announced today, Tuesday, March 4, the signing of a MoU with International Holding Company (IHC), another Emirati investment company. The aim of the agreement is to explore the inclusion of IHC and its subsidiaries in the Ghaf Benefits plan.
Publish dateTuesday 4 March 2025 - 16:17
According to Amac News, Ghaf Benefits, launched by Lunate, is an alternative retirement fund platform that aims to improve workplace benefits in the UAE, Amaq News reported.
The plan serves as a tool for financial growth and employee security while simplifying benefits management for employers.
The program allows employers to pay their employees’ severance pay into funds licensed by the Securities and Commodities Regulatory Authority (SCA) and supervised by the Ministry of Human Resources and Emiratisation (MoHRE) and the SCA.
The funds managed by Lunate allow employees to receive potential investment returns after the end of their employment and aim to provide a financial foundation for their future.
Under the agreement, IHC, the most valuable holding company in the Middle East and one of the largest investment companies in the world with over 1,200 subsidiaries in key sectors such as technology, healthcare, financial services and real estate, will explore the possibility of extending Ghaf Benefits services to its employees and subsidiaries.
Ghaf Benefits will offer a portfolio of six investment funds, including conventional and Islamic investment options tailored to individual risk and return preferences, covering capital preservation, conservative and balanced strategies.
In addition, both employers and employees will be able to supplement fixed contributions with additional voluntary contributions in the future.
The plan serves as a tool for financial growth and employee security while simplifying benefits management for employers.
The program allows employers to pay their employees’ severance pay into funds licensed by the Securities and Commodities Regulatory Authority (SCA) and supervised by the Ministry of Human Resources and Emiratisation (MoHRE) and the SCA.
The funds managed by Lunate allow employees to receive potential investment returns after the end of their employment and aim to provide a financial foundation for their future.
Under the agreement, IHC, the most valuable holding company in the Middle East and one of the largest investment companies in the world with over 1,200 subsidiaries in key sectors such as technology, healthcare, financial services and real estate, will explore the possibility of extending Ghaf Benefits services to its employees and subsidiaries.
Ghaf Benefits will offer a portfolio of six investment funds, including conventional and Islamic investment options tailored to individual risk and return preferences, covering capital preservation, conservative and balanced strategies.
In addition, both employers and employees will be able to supplement fixed contributions with additional voluntary contributions in the future.
amacnews.com/vdcg.w9wrak9zuj54a.html
Source : news agency wam
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