BIBF and Financial Academy signs strategic partnership to develop human capital in Saudi insurance sector
The partnership aims to enhance the capabilities of national talent and improve the performance of the insurance sector.
The agreement was signed by Dr. Ahmed Al Shaikh, CEO of BIBF, and Manaa Al Khamsan, CEO of the Financial Academy.
Dr. Ahmed Al Shaikh said that the partnership marks a strategic step forward in supporting professional qualification pathways within Saudi Arabia's insurance market. It includes the launch of a suite of specialised training programmes and advanced workshops, delivered exclusively in partnership with the Financial Academy, as well as joint efforts in developing professional qualifications and micro-credentials that address rapid industry shifts and evolving market needs.
On his part, Al Khamsan highlighted that this high-impact partnership reflects the Financial Academy's pioneering role in nurturing and advancing human capital within the financial sector, particularly insurance, by adopting global best practices and standards in professional education. He also noted the alignment of the training offerings with the Financial Sector Development Programme under Saudi Arabia's Vision 2030.
He added that the agreement reflects the confidence that regional and international institutions place in the Academy's capabilities and its distinguished status as a leading provider of professional training and development in the Kingdom's financial sector.
BNA(R)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Daily Tribune
a day ago
- Daily Tribune
BBK awarded Best Retail Bank in Bahrain for 2025
BBK, a leader in retail and corporate banking in the Kingdom of Bahrain, has been named the Best Retail Bank in Bahrain for 2025 by Global Banking and Finance Review Magazine. This prestigious accolade recognizes the Bank's outstanding performance throughout the year and its enduring leadership in the retail banking sector. This marks the third consecutive year BBK has received this recognition, following wins in 2023 and 2024 from World Economic Magazine, further solidifying its position as a trusted and innovative banking institution in the Kingdom. The judging panel praised BBK for its excellence across key pillars, including financial stability, market leadership, innovation, and a steadfast commitment to sustainability and community engagement. For over fifty years, BBK has remained at the forefront of Bahrain's banking industry, consistently delivering strong profitability and demonstrating resilience through prudent balance sheet management and a customer-centric growth strategy. BBK's advanced digital platforms and innovative product offerings have raised industry standards, enhancing customer experiences and setting new benchmarks for service excellence. Its comprehensive approach to environmental, social, and governance (ESG) practices—alongside initiatives that support local businesses and communities—underscores the Bank's role as a responsible contributor to Bahrain's economic and social development. These achievements reinforce BBK's legacy of excellence, leadership, and adaptability in an ever-evolving financial landscape. Yaser Alsharifi, BBK Group Chief Executive, stated: 'We are honored to be named the Best Retail Bank in Bahrain for 2025. This award reflects the collective efforts of our dedicated teams, the support of our strategic partners, and the strength of our leadership in retail banking. It also highlights our firm commitment to innovation and sustainable growth and stands as a testament to the long-standing trust and loyalty of our valued customers, cultivated over more than five decades of service.' Alsharifi added: 'Throughout the past year, we have remained focused on placing our customers at the heart of every initiative—reimagining their banking journey and streamlining access to financial services in ways that foster trust and satisfaction. Our efforts have seamlessly integrated digital transformation with a strong sense of social responsibility. The upcoming transfer of HSBC Middle East – Bahrain's retail banking operations to BBK further underscores the Bank's leadership in the sector. We will continue to raise service standards while upholding our core values and contributing meaningfully to the advancement of Bahrain's banking sector and the realization of Bahrain's Vision 2030.'
Daily Tribune
3 days ago
- Daily Tribune
Tamkeen and Takamol sign MOU to boost professional skills and national workforce competitiveness
The Labour Fund (Tamkeen) signed a Memorandum of Understanding (MoU) with Takamol Holdings, a leading company in business services for the labor market and human capital development in the Kingdom of Saudi Arabia. The MOU aims to explore cooperation between the two organizations in multiple labor market related fields, as well as facilitate knowledge exchange in initiative design to enhance the efficiency of the labor market, support in professional skills development and improving performance and efficiency. Through this MOU, Tamkeen seeks to benefit from the expertise of Takamol in multiple aspects, enhancing program effectiveness, and boosting the competitiveness of national talent in line with the needs of the labor market. Additionally, Tamkeen will also gain understanding of the labor market development in the Kingdom of Saudi Arabia. Takamol will benefit from Tamkeen's experience in creating opportunities for national talent to enter the labor market and grow in it. The agreement was signed by Her Excellency Ms. Maha Abdulhameed Mofeez, Chief Executive of the Labour Fund Tamkeen, and His Excellency Dr. Ahmed Abduljabar Al-Yamani, Chief Executive Officer of Takamol, in the presence of officials from both companies as a step that highlights their commitment to enhance and strengthen cooperation and knowledge exchange. On this occasion, Her Excellency Ms. Maha Abdulhameed Mofeez, Chief Executive of the Labour Fund Tamkeen, reiterated that this partnership represents another milestone in Saudi-Bahraini partnership between the Kingdom of Bahrain and the Kingdom of Saudi Arabia by fostering knowledge and exchanging expertise in program and service development for individuals, noting that this step reinforces all collaborative efforts taking place under the Saudi-Bahraini Coordination Council. In addition, the Chief Executive Officer of the company Takamol, Dr. Ahmed Abduljabar Al-Yamani, praised the strong ties between the kingdoms, affirming that this partnership will contribute to strengthening and enhancing collaboration and knowledge exchange to design innovative solutions that are backed by the best experience and practices, which will enhance the efficiency and effectiveness of the labor market. Takamol Holding is one of the leading companies in the Kingdom of Saudi Arabia, serving as a bridge between the public and private sectors, an economic and social enabler, and a key partner in achieving the Vision 2030 goals. The partnership between Tamkeen and Takamol Holding aligns with Tamkeen's strategic priorities for 2025, which focus on enhancing the position and competitiveness of Bahrainis in the private sector, equipping Bahrainis with suitable skills for career development in the private sector, and prioritizing enterprise growth, digitization, and sustainability.
Syyaha
3 days ago
- Syyaha
Classera Signs Major Strategic Agreements in Damascus in Presence of Syrian President and Saudi Minister of Investment
In a significant step to strengthen Saudi-Syrian economic cooperation and accelerate reconstruction and digital transformation, Classera, the global leader in smart learning solutions, has signed a series of strategic agreements with the Government of the Syrian Arab Republic, represented by the Syrian Minister of Communications and Technology and the Syrian Minister of Health. The agreements were signed on the sidelines of the Saudi-Syrian Investment Forum, hosted in signing ceremony was attended by His Excellency Mr. Ahmed Al-Shar'a, President of the Syrian Arab Republic, His Excellency Eng. Khalid bin Abdulaziz Al-Falih, Saudi Minister of Investment, and Eng. Mohammed bin Suhail Al-Madani, Founder and CEO of Classera, along with senior officials and business leaders from both agreements align with Saudi Arabia's Vision 2030, which emphasizes enabling the private sector to lead development initiatives in partner nations and leverage its expertise in post-crisis reconstruction to Forbes, the forum announced investments totaling SAR 24 billion across 47 agreements, with participation from over 150 executives and representatives of leading Saudi companies, making it one of the most significant milestones in the history of bilateral economic agreements with Classera aim to transform education and training ecosystems in Syria, utilizing cutting-edge technologies across K-12 education, higher education, and vocational training, as well as the government and healthcare sectors. Key initiatives include:Deploying advanced e-learning platforms to ensure equitable access to education in remote national capabilities in digital and educational online digital academies to equip youth with digital skills and foster healthcare workforce readiness through unified digital platforms for training, licensing, and upskilling healthcare on this landmark collaboration, Eng. Mohammed bin Suhail Al-Madani, CEO of Classera, stated:'We are honored to bring our global expertise in digital learning and training to support Syria and its people. We firmly believe that investing in human capital through advanced technologies is the fastest path to restoring Syria to its rightful place.'The agreements will also introduce Classera's expertise from over 40 countries into the Syrian market, including AI-powered learning management systems, digital training solutions, educational analytics, and intelligent learning one of the world's leading EdTech companies and the largest in the Middle East, Classera operates in over 40 countries worldwide and has earned numerous international accolades, including:Microsoft Education Global Partner of the YearThe BETT Award for InnovationThe GESS Award for Educational Innovation In addition, Classera has attracted major investments from the Saudi Public Investment Fund (through its investment arm, Sanabil) and top Silicon Valley venture capital firms, reinforcing its position as a global pioneer in smart learning.
