Press release

Sukoon Insurance PJSC has secured a mainland fund administrator license from the Capital Market Authority (CMA) to establish Sukoon Workplace Savings Solutions Fund Administrator LLC (SWSSFA).
The new entity will provide administration services for workplace savings and Alternative End-of-Service Benefits (EOSB) schemes for UAE-based corporations.
This licensing is part of the company's long-term diversification strategy to expand its suite of employee benefit solutions in the UAE.
Sukoon reported gross written premiums of AED 7 billion in 2025, maintaining a solvency ratio of 275% and a paid-up capital of AED 461.87 million.