The Financial Academy (TFA) has signed a cooperation agreement with STC Bank, whereby the training provider will offer a sophisticated package of leadership programs and specialized workshops for the leading digital bank's employees. The deal is aimed to upskill STC's workforce and enhance their professional competencies.

Mr. Mana Alkhamsan, CEO of The Financial Academy, and Mr. Mohammed Abdulaziz Al-Fraih, CEO of STC Bank, signed the cooperation agreement, representing their respective sides.

Under the agreement, cooperation will be carried out to assess professional competencies when needed; courses will be provided based on training needs; and comprehensive training in banking-related regulatory and governance aspects will be offered across the bank. Additionally, the deal covers one-on-one development plans for key leaders and top management, expert-led workshops, lectures and seminars, as well as training programs for fresh graduates and high-potential employees.

Alkhamsan explained that the strategic partnership constitutes an extension of the critical role played by The Financial Academy in competence development across the financial sector, particularly the banking industry.

"In doing so, the academy adopts the highest international practices and standards in the field of professional training, ensuring that the training programs are aligned with the goals of Saudi Vision 2030."

For his part, Al-Fraih said cooperation with TFA is a strategic turning point that could advance professional training paths in KSA banking sector, adding that the deal serves as an effective response to the fast-paced industry developments and the current labor market requirements.

About The Financial Academy

The Financial Academy (TFA) is an entity with an independent, legal and administrative status. It is organizationally located under the Chairman of the Board of the Capital Market Authority (CMA). The Academy is dedicated to qualifying the financial sector human capital, including senior managers and board members, by advancing their knowledge, capabilities, skills and culture. TFA also develops and promotes best professional financial practices, targeting all components of the financial services sector including banking, finance, insurance and capital market.