Dubai, United Arab Emirates (UAE): Sukoon Insurance PJSC (“Sukoon”) announced that it has officially obtained a fund management license from the Capital Market Authority (CMA) and has established Sukoon Workplace Provident Solutions to Manage the Savings Fund LLC (SWSSFA) in the United Arab Emirates.

This new phase of the SWSSFA program enables the provision of an End-of-Service Benefits (EOSB) alternative in the UAE. Furthermore, through this entity, Sukoon distinguishes itself from the market by offering a truly comprehensive suite of employee benefits solutions tailored to UAE companies.

Hammad Khan, Interim Chief Executive Officer of Sukoon Insurance, commented on the occasion, saying: “We are extremely excited that this dedicated entity has obtained a mainland license from the CMA, which represents a pivotal milestone for Sukoon and a major step forward in our long-term diversification strategy.”

The acquisition of this license underscores Sukoon’s commitment to driving innovation within the evolving end-of-service benefits landscape in the UAE, ensuring that businesses and their employees are supported through secure, transparent, and efficiently and seamlessly managed benefits structures.

About Sukoon

Established in 1975, Sukoon Insurance Company PJSC (“Sukoon”) is a leading public joint-stock company in the United Arab Emirates. Sukoon offers a comprehensive range of insurance solutions, including motor, life, health, and general insurance across various categories (property, energy, engineering, aviation, marine, and liability), serving a customer base of over 1.6 million policyholders. The company operates throughout the UAE and the Sultanate of Oman .

Sukoon is committed to providing advanced insurance solutions that contribute to protecting well-being and building wealth, supported by a clear vision, headquartered in Dubai, and a team of over 700 specialists. Sukoon operates through an extensive distribution network that includes branches, brokers, bancassurance partners, agencies, e-commerce platforms, and a dedicated customer service call center .

In 2025, Sukoon's total written premiums reached AED 7 billion. The company boasts a solvency ratio exceeding 275%, along with strong credit ratings from leading global rating agencies, including an 'A' rating from Standard & Poor's and an 'A2' rating from Moody's. These indicators reflect the company's financial strength, efficient risk management, sound governance, and its ability to deliver services consistently and sustainably over the long term .

Sukoon places customer service at the heart of its priorities, striving to deliver an exceptional experience at every stage. Building long-term relationships based on trust and satisfaction is the cornerstone of its strategy .

Simply put, Sukoon seeks to establish itself as a benchmark in the insurance sector across the region, by offering a high level of service quality and customer care .

For more information about Sukoon Insurance, visit www.sukoon.com

For media inquiries, please contact :

Ahsan Khan

Head of Marketing Department,

Sukoon Insurance (P.S.C.)

Email: ahsan.khan@sukoon.com

Nitika Medha

Senior Marketing Manager,

Sukoon Insurance (P.S.C.)

Email: nitika.midha@sukoon.com

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