Riyadh: 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 across the Kingdom of Saudi Arabia's insurance sector.
According to Bahrain News Agency, the partnership is designed 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 stated that this collaboration represents a strategic advancement in supporting professional qualification pathways within Saudi Arabia's insurance market. It includes the launch of specialised training programmes and advanced workshops, delivered exclusively in partnership with the Financial Academy. The initiative also focuses on developing professional qualifications and micro-credentials to address industry shifts and evolving market needs.
Manaa Al Khamsan emphasized the Financial Academy's role in nurturing and advancing human capital within the financial sector, especially in 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. The agreement underscores the confidence that regional and international institutions have in the Academy's capabilities and its status as a leading provider of professional training and development in the Kingdom's financial sector.