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Under the deal, specialized insurance training programs and workshops will be delivered.
The Financial Academy (TFA) and Bahrain Institute of Banking and Finance (BIBF) have signed a strategic partnership whereby the latter will offer specialized training programs and workshops to help insurance workforce in Saudi Arabia advance their careers. The move is part of TFA’s ongoing efforts aimed to strengthen national capacities within Saudi financial sector.
The agreement was inked by Mr. Mana AlKhamsan, CEO of The Financial Academy, and Dr. Ahmed AlShaikh, CEO of Bahrain Institute of Banking and Finance.
AlKhamsan dubbed the partnership as a continuation of TFA’s leading role in developing and improving human capabilities in the financial sector, especially the insurance industry. “In doing so, we adopt global best practices and standards in vocational education, aligning our training programs with the requirements and goals of the Financial Sector Development Program (FSDP) of Saudi Vision 2030.”
He added that the agreement demonstrates regional and international institutions’ trust in the academy and its prestigious status as a leading powerhouse for developing and empowering human capital working in the Kingdom’s financial sector.
On the other hand, AlShaikh said that the partnership marks a strategic move forward towards promoting the professional qualification in the Saudi insurance market.
“The deal includes an advanced package of specialized training programs and workshops, offered exclusively in partnership with TFA. In addition, the two organizations will jointly collaborate to design professional micro-credentials that respond to rapid changes and emerging needs of labor market,” AlShaikh explained
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