The Financial Academy (FA) and Al Rajhi Capital inked Monday (October 14, 2024) a Memorandum of Understanding (MoU) for providing continuous professional training for leaders and professionals as well as qualifying fresh graduates for the securities sector.

The MoU was signed by Mr. Mana bin Mohamed AlKhamsan, CEO of the Financial Academy, and Mr. Waleed AlRashed AlHumaid, CEO of Al Rajhi Capital.

AlKhamsan commented that the memo is an outcome of the Academy and the financial services company’s shared strategic direction of developing the capabilities of the industry human resources. He explained that such an MoU would lead to activating cooperation in continuous professional training, as the Academy will launch a training project for a number of Al Rajhi Capital’s senior managers and employees.

“Additionally, we will implement another project, “Al Rajhi Capital’s Pioneers,” for qualifying fresh graduates. It will cover eight professional pathways, including real estate investments, asset management, research, brokerage and digital transformation,” AlKhamsan said.

For his part, AlHumaid noted that the cooperation aims to build case studies to enrich local content and to leverage Al Rajhi Capital financial expertise in securities training programs, thus ensuring that practical and theoretical aspects are covered.

“Al Rajhi Capital will also support specialized signature programs tailored by prominent local and global centers of excellence to meet the financial sector’s needs.”

The Financial Academy (FA) is an independent legal and administrative entity that is organizationally located under the Chairman of the Board of the Capital Market Authority (CMA). The Academy seeks to qualify the financial sector’s human resources by advancing the knowledge, capabilities, skills and culture of its staff, including senior managers and board members. The FA also develops and promotes best professional financial practices, targeting all segments of the financial sector such as banking, finance, insurance and capital market.

Al Rajhi Capital, the investment arm of Al Rajhi Bank, is a leading brokerage company offering a wide range of investment products and services tailored to meet clients' needs and achieve their financial goals. The company pays particular attention to the development of human resources, being a pillar of its strategy, providing various training programs and workshops for its employees. It also attracts and qualifies new graduates in the securities sector to develop their skills in line with market needs.