Saudi Institute of Banking and BIBF sign MoU
30/04/2014 3:01 pm EDT

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The Saudi Institute of Banking (IoB) and BIBF recently signed an MoU which seeks to bolster ties between the two institutions, with the aim of providing quality joint initiatives to serve and further advance the banking and financial sector in the region.

The planned joint initiatives include sharing expertise, training programs and trainers, as well as conducting research and events, and launching more globally accredited professional certifications to develop professionals within the industry.

Representing the two sides at the signing ceremony, which took place in Jeddah, Saudi Arabia, were IoB Director General Dr. Fahad Al-Dossari, and BIBF Vice-President Dr. Ahmed Al-Shaikh.

Commenting on the agreement, Dr. Al-Dossari, said, “It comes as part of the current plans to further enhance the quality of the programs and skills training in line with evolving training needs of the banking and financial industry, either through in-house initiatives or collaborations with high-calibre organizations such as BIBF.”

Dr. Al-Shaikh meanwhile, stated, “The MoU will facilitate the launch of even more programs and international professional qualifications related to a broad range of disciplines within the banking and financial sector, and noted that growing and developing the pool of industry talent is among the key shared objectives of the accord.”

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