Daman Investments and Allianz Global Investors sign MoU

Dubai, UAE:  Daman Investments (PSC), a leading asset manager in the UAE, has signed an MoU with Allianz Global Investors (“AllianzGI”), one of the world’s leading active asset managers, to collaborate on offering risk-based investment options as part of the MOHRE-approved Daman Investments End-of-Service Program.

This initiative will expand the existing program, which currently provides a capital-protected savings solution for end-of-service benefits, by introducing additional investment options designed to give employees greater choice in how their savings are managed.

The collaboration will combine Daman’s understanding of the UAE’s regulatory and workplace savings landscape with AllianzGI’s global expertise in long-term investment and retirement solutions. The two firms already share an established relationship, having previously launched the first onshore feeder fund in the UAE.

Daman selected AllianzGI as its preferred partner for this initiative based on its superior offering and strong track record in target driven investment solutions, which can be customized to local needs and can bring together public and private market exposure for long-term investment outcomes.

Our Take

So far, only one EOSB Fund Manager - Ghaf Benefits - has deployed risk-based products, whilst one other - FAB - has announced that such funds will be added to the portfolio in due course.

We at GratuityAdviser think this is a very positive development, giving more choice to employees.

No doubt we will see further market developemnts during 2026, so please stay tuned and check regularly our Fund overview section!