Lunate, an Abu Dhabi-based global investment manager, announced the signing of a Memorandum of Understanding (MoU) with International Holding Company (IHC) to explore enrolling the latter and its portfolio companies in the Ghaf Benefits plan.
Under the MoU, IHC, one of the world’s largest investment companies with over 1,200 subsidiaries across key sectors such as technology, healthcare, financial services, and real estate, will explore extending Ghaf Benefits’ services to its employees and those within its portfolio companies.
IHC partners with Lunate
Ghaf Benefits, launched by Lunate, is an alternative end-of-service benefits fund platform dedicated to enhancing workplace benefits in the UAE.
It serves as a powerful tool for employees’ financial growth and security, while simplifying benefits management for employers.
It empowers employers to channel their employees’ end-of-service gratuity into funds that are licensed by the Securities and Commodities Authority (SCA) and regulated by both the Ministry of Human Resources and Emiratisation (MoHRE) and SCA.
Syed Basar Shueb, CEO of IHC, said the collaboration with Lunate and the Ghaf Benefits platform aligns with the company’s vision of fostering a workplace that prioritizes long-term financial empowerment for its people.
“By exploring this initiative, we aim to provide our employees and portfolio companies with access to a structured and secure benefits framework that supports their financial goals, while reinforcing the UAE’s position as a global leader in workplace innovation,” he said.
Seif Fikry, Managing Partner at Lunate, said IHC’s intent to provide its employees with a rewarding solution to end-of-service benefits speaks of the strength of the Ghaf Benefits plan.
“We are aligned in our vision to provide UAE-based employees with the flexibility they seek as they build a robust financial foundation for their future,” he said.
Ghaf Benefits will offer a selection of six investment funds covering both conventional and Shariah-compliant investment options to align with individual risk-return preferences, covering capital protection, conservative, and balanced strategies.
Additionally, both employers and employees will have the ability in the future to supplement fixed contributions with additional voluntary contributions.
The UAE’s Alternative End-of-Service Benefits Scheme was first approved by a Cabinet Resolution in 2023 as a voluntary scheme designed to enhance financial security for UAE-based employees.
Follow us on
