7 June 2026: Sukoon Workplace Savings, a subsidiary of Sukoon Insurance, recently obtained a Fund Administration license from the UAE Capital Market Authority (CMA) for its EOSB proposition in the UAE. This is an important update for employers because it signals that the EOSB ecosystem is expanding and preparing for the next phase of development.
With Emirates NBD also expected to go live soon, the anticipated number of UAE EOSB providers rises to six.
As it stands, we now have:
- Four (4) approved EOSB providers already active in the market: Ghaf Benefits (Lunate), Daman Investments, National Bonds and FAB;
- At least two (2) more entities that have publicly announced their upcoming entry; and
- More partnerships between local providers and international asset managers.
Evidently, EOSB providers are continuing to invest in licensure, partnerships and infrastructure to deliver stronger solutions and support wide-scale adoption of the UAE EOSB Savings Scheme.
Following the recent payroll enforcement, employers may view this as another indication that preparations for wider EOSB adoption are continuing across the market.
Nisha Braganza
Founder and CEO, Vestora · UAE CMA Registered Finfluencer No. 12
Independent commentary on EOSB markets and regulation across the UAE and GCC.