HAYAH Insurance Company

As a regulated UAE insurance company, investment decisions are ultimately overseen by the board of directors, which includes Chairperson Salama Amer Omar Saleh and board member Tariq Bin Hendi. Day-to-day portfolio management is handled internally under the chief investment officer or equivalent function, though the firm has not publicly named a dedicated CIO. Bin Hendi's background as former CIO of G42 and Director General of the Abu Dhabi Investment Office gives the board significant institutional investment expertise.

HAYAH is an operating composite insurance company regulated by the UAE Insurance Authority and listed on the Abu Dhabi Securities Exchange. It is not a family office. The Kanoo Group holds approximately 28 percent and Al Ramz Corporation holds approximately 19 percent, but neither represents a single-family control structure — the firm operates as a publicly listed insurer with a diverse shareholder base.

The Yusuf Bin Ahmed Kanoo Group (Kanoo Group) is HAYAH's largest single shareholder at roughly 28 percent, and Al Ramz Corporation Investment and Development holds roughly 19 percent. Both are strategic institutional shareholders rather than founders or operators of the day-to-day insurance business. The Kanoo Group is one of the region's oldest diversified family trading houses, while Al Ramz is a UAE-listed financial services firm.

HAYAH classifies its investments into two broad categories on its balance sheet: financial assets at fair value through profit or loss — typically actively traded securities whose gains and losses hit the income statement — and financial assets at fair value through other comprehensive income, generally longer-duration holdings where unrealized gains bypass the income statement. Specific asset-class weights or fund commitments have not been publicly disclosed.

Tariq Bin Hendi joined the HAYAH board following a career that includes serving as Chief Investment Officer of G42 — the Abu Dhabi artificial-intelligence and cloud-computing holding — and Director General of the Abu Dhabi Investment Office, which leads the emirate's foreign direct investment attraction. His presence creates a direct link between a regulated insurance balance sheet and the technology and sovereign-investment circles driving Abu Dhabi's economic diversification. How this translates into direct investment strategy remains internal to the board.

HAYAH has partnered with Azimut, the Italian-listed asset manager with a substantial Middle East presence, to distribute pension management and investment solutions in the UAE. This matters because end-of-service benefits — lump-sum payments employers owe departing expatriate workers — represent a large, largely un-pooled savings pool across the Gulf. The partnership positions HAYAH as a local conduit for Azimut's managed solutions.

HAYAH operates a corporate sustainability initiative but has not incorporated a separate philanthropic foundation. The initiative's specific programs or grant-making volumes have not been publicly detailed. For institutional allocators, this means no distinct foundation vehicle exists that would co-invest or serve as a parallel pool.