The Saudi Institute of Banking (IoB) and the Bahrain Institute of Banking and Finance (BIBF) recently signed an MoU to bolster ties between the two institutions.

The MoU aims to provide 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.

IoB director general Dr Fahad Al-Dossari, and BIBF vice-president Dr Ahmed Al-Shaikh signed the agreement at a ceremony in Jeddah.

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 stated that the MoU will facilitate the launch of even more programmes 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. – TradeArabia News Service