Milliman’s first annual study of the employee benefit obligations among United Arab Emirates (UAE) companies highlights major trends with the aim of creating awareness and understanding about the cost of these employer-sponsored long-term employee benefits programs. The analysis is based on the 20 companies featured in the FTSE NASDAQ Dubai UAE 20 index as of September 2013, all of which report under International Financial Reporting Standards.
The companies registered an increase in their defined benefit obligations recorded in 2013, compared with the prior year. For many of the companies, the annual employer expense also increased.