The Bahrain Institute of Banking and Finance (BIBF) has entered into a strategic partnership with the Financial Academy in Riyadh, marking a significant step toward enhancing professional development in the insurance sector across Saudi Arabia.
As part of the agreement, BIBF will collaborate with the Financial Academy to deliver specialized training programs 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 Manaa Al Khamsan, Chief Executive Officer of the Financial Academy.
“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 specialized training programs 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, 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.
The Financial Academy CEO further 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.
