International Holding Company Collaborates With Lunate To Enhance Employee Benefits Through Ghaf Platform

Lunate, a global investment manager based in Abu Dhabi, has signed a Memorandum of Understanding (MoU) with International Holding Company (IHC). This agreement aims to explore the inclusion of IHC and its subsidiaries in the Ghaf Benefits plan. This initiative is designed to enhance workplace benefits across the United Arab Emirates.

The Ghaf Benefits platform, introduced by Lunate, is an alternative end-of-service benefits fund. It aims to boost employees' financial growth while simplifying benefits management for employers. The platform allows employers to invest employees’ end-of-service gratuity into funds regulated by the Securities and Commodities Authority (SCA) and overseen by the Ministry of Human Resources and Emiratisation (MoHRE).

Ghaf Benefits offers six investment funds, including conventional and Shariah-compliant options. These cater to different risk-return preferences, such as capital protection, conservative, and balanced strategies. Employers and employees can also make additional voluntary contributions beyond fixed ones in the future.

Under this MoU, IHC will consider extending Ghaf Benefits’ services to its employees and those within its portfolio companies. IHC is a major holding company in the Middle East with over 1,200 subsidiaries in sectors like technology, healthcare, financial services, and real estate.

Syed Basar Shueb, CEO of IHC, stated: "At IHC, we are committed to adopting forward-thinking solutions that enhance employee well-being and financial security. Our collaboration with Lunate and the Ghaf Benefits platform aligns with our vision of fostering a workplace that prioritizes long-term financial empowerment for our people."

Lunate manages these funds to provide potential investment returns for employees at the end of their employment. This initiative aims to create a solid financial base for their future. The collaboration reflects both companies' dedication to offering UAE-based employees flexibility in building their financial futures.

Shared Vision for Financial Empowerment

Seif Fikry, Managing Partner at Lunate, remarked: "We are pleased to enter into an MoU with IHC, a global investment leader. IHC’s intent to provide its employees with a rewarding solution to end-of-service benefits speaks to the strength of the Ghaf Benefits plan and to IHC’s commitment to a people-first culture."

This partnership underscores both organisations' commitment to enhancing employee benefits while reinforcing the UAE's leadership in workplace innovation. By exploring this initiative, they aim to offer structured benefits that support financial goals.

With inputs from WAM