National Bonds Corporation launched in 2006 with a mandate to build a savings culture in the UAE, and it's wholly owned by the Investment Corporation of Dubai — the Dubai government's sovereign investment arm

Lunate is a different kind of entrant to this market. Rather than a bank offering EOSB to its client base in addition to many other financial products, it's a dedicated asset manager that built a purpose-made platform, branded "Ghaf Benefits", specifically for UAE's new EOSB scheme. The pitch is straightforward: a large, well-capitalised investment house lending its fund management muscle to gratuity savings, with more fund choice on offer than most of its peers.

This is the second article in our series profiling the licensed providers of the UAE's alternative End of Service Benefit (EOSB) savings scheme — one Fund Manager at a time, in alphabetical order.

Daman Investments has a fair claim to the title of “first mover” in this market. Alongside Lunate (which we will profile later), Daman Investments was one of the first two providers to win CMA approval to manage EOSB savings funds, back in July 2024 — and it's been building the fund infrastructure ever since. So, who is Daman Investments, and what do they offer?