Latest news with #FinancialAcademy
Biz Bahrain
6 days ago
- Business
- Biz Bahrain
BIBF and Financial Academy signs strategic partnership to develop human capital in Saudi insurance sector
The Bahrain Institute of Banking and Finance (BIBF) signed a strategic partnership agreement with the Financial Academy in Riyadh to deliver specialised training programmes and professional workshops in the field of insurance across the Kingdom of Saudi Arabia. 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)
Zawya
28-05-2025
- Business
- Zawya
The BIBF and the Financial Academy sign a strategic partnership to develop human capital in Saudi insurance sector
Manama – The Bahrain Institute of Banking and Finance (BIBF) has signed a strategic partnership agreement with the Financial Academy in Riyadh to deliver specialised training programmes and professional workshops in the field of insurance across the Kingdom of Saudi Arabia. The partnership aims to enhance the capabilities of national talent and elevate the performance of the insurance sector. The agreement was signed by Dr. Ahmed Al Shaikh, Chief Executive Officer of the BIBF, and Mr. Manaa Al Khamsan, Chief Executive Officer of the Financial Academy. On this occasion, Dr. Ahmed Al Shaikh stated 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. For his part, Mr. Al Khamsan affirmed 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 highlighted the alignment of the training offerings with the Financial Sector Development Program 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. About the BIBF The Bahrain Institute of Banking and Finance (BIBF) is the leading provider of education and training in the region, established in 1981 under the Central Bank of Bahrain. With a commitment to enhancing human capital, the BIBF serves not only Bahrain but also extends its reach to 64 countries worldwide, solidifying its global presence. The BIBF is dedicated to delivering excellence across a broad spectrum of business disciplines. It partners with numerous international institutions to offer thought leadership, assessment, and training in key areas, including: Banking and Finance Islamic Banking Executive Education Accounting and Finance Academic Studies Leadership and Management Insurance Digital Transformation and Project Management For more information, please contact the Marketing and Corporate Communications Department at: Email: media@ Website:
Arab News
26-05-2025
- Business
- Arab News
70 participants graduate in Riyadh AI and Innovation Hackathon
RIYADH: Seventy participants have completed the AI and Innovation Hackathon program held in Riyadh recently. Organized by the Financial Academy, in partnership with MEDGULF Insurance Company, the program is aimed at training national talents capable of driving the development of the insurance sector in the Kingdom, in line with the goals of Saudi Vision 2030. The hackathon included several key phases, starting with data collection and pertinent challenges, followed by awareness sessions and inviting applications, then idea screening, and the selection of the best candidates. The five-month event culminated in an intensive five-day hackathon with creative engagement from the participants. The Financial Academy has several responsibilities and mandates, such as: including training and qualifying employees working in the financial sectors, setting standards and requirements for practicing professions in the financial services market, publishing scientific research.
Zawya
18-03-2025
- Business
- Zawya
The Financial Academy Of KSA receives accreditation by Chartered Insurance Institute
This official recognition endorses the FA's adherence to CII best practice and principles in professional training and development, positioning it as a key player in shaping the future of the financial sector workforce in Saudi Arabia. Kingdom of Saudi Arabia: The collaborative relationship between the Financial Academy of the Kingdom of Saudi Arabia and the Chartered Insurance Institute has been bolstered with the announcement that the Financial Academy has been accredited by the CII as an Approved Professional Development Centre. The Chartered Insurance Institute is the professional body dedicated to building trust in the insurance and financial planning professions. The UK-headquartered organization, whose Middle East office is located in Dubai, exists to drive confidence in the power of professional standards; competence, integrity and care for the customer. The Financial Academy (FA) has long been a leader in training, career development, and professional certification services for the financial sector in Saudi Arabia. Its offerings cover banking, finance, insurance, and capital markets, aimed at professionals and those seeking a career in these fields. Aligned with the goals of the Financial Sector Development Program (FSDP) and the Kingdom's Vision 2030, FA aims to continuously upgrade the human capital in the financial sector, ensuring a skilled workforce ready to meet industry demands. Learning development entities who attain accreditation as an Approved Professional Development Centre (APDC) by the CII have demonstrated that they meet robust criteria laid down by the professional body. They are the CII's official recognition that an organization's training provision is in complete alignment with the CII's high standards of professionalism and quality. Every APDC must ensure up to date teaching materials, effective evaluation of teaching and robust management systems as well as student support services. The prestigious accreditation sees the Financial Academy reinforcing its position as a key player in shaping the future of the financial sector workforce in Saudi Arabia. Through the announcement, the Financial Academy reaffirms its continuous commitment to providing advanced training opportunities that contribute to the development of skills and capabilities for professionals in the insurance sector, in line with the latest global standards and best practices. The Financial Academy's collaboration with the CII began four-and-a-half years ago when it signed an agreement to host the CII's internationally recognised qualifications to insurance and financial planning students seeking to propel their professional development. The CII's qualifications are wide ranging and suitable for advisors of all levels. They include Certificate, Diploma, Advanced Diploma and Fellowship. The CII also supports continuous professional development (CPD) of the sector through its membership programme, offering a wealth of learning materials, insight and intelligence to ensure a technically competent and capable workforce. Gaenor Jones, Regional Director of the CII Middle East comments: 'We are delighted to be recognising the Financial Academy as an APDC, an accreditation which it wholly deserves due to its continued commitment to best practice and adherence to the CII's professional standards. We have enjoyed a very successful collaboration over the past few years in our collective efforts to upskill those in the insurance and financial planning sectors, and we are looking forward to further strengthening that relationship through this latest initiative.' The Chief of Capability Development of the Financial Academy, Mohammed Alhamazany comments: 'The Financial Academy is truly honoured to receive recognition as an Accredited Professional Development Centre (APDC) by the Chartered Insurance Institute (CII). This accreditation reflects our long-standing commitment to upholding the highest standards of professionalism and our ongoing efforts to support the growth and development of those in the insurance and financial sectors. 'Our partnership with the CII has been both productive and rewarding, and we are proud of the progress we've made together in advancing industry knowledge and skills. We look forward to continuing our successful collaboration with the CII, working hand in hand to deliver high-quality professional development opportunities that contribute to the continued success of individuals and the industry as a whole.' For more information about The Financial Academy's programs and upcoming initiatives, please vEsit ' -Ends- About The Chartered Insurance Institute (CII) The Chartered Insurance Institute is the professional body dedicated to building trust in the insurance and financial planning profession. Our strapline Standards. Professionalism. Trust. embodies our commitment to driving confidence in the power of professional standards: competence, integrity, and care for the customer. We deliver that commitment through relevant learning, insightful leadership, and an engaged membership. Our members commit to high professional standards by maintaining continuous professional development and abiding by our Code of Ethics. The Chartered Insurance Institute is proud to be a member of the Chartered Body Alliance and the Institute for Global Insurance Education. Press Information: All enquiries to: Lisa Drury at Lisa Drury Consulting Email: lisa@
