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News
30 July, 2025
The Financial Academy (TFA) has launched its new program "Introduction to Saudi Capital Markets" in partnership with the International Capital Market Association (ICMA). Aligned with Saudi Vision 2030 's goals , the new release is meant to level up local and international expertise in the Saudi capital market and to develop human capital across KSA financial sector. The program is designed to equip participants with knowledge and skills needed to fully understand the Kingdom's rapidly evolving market landscape. It covers a wide range of topics including debt market fundamentals , financial products such as equities and sukuk (Sharia-compliant bonds), sustainable finance, derivatives, securities finance and structure of Saudi capital market. Integrating the global best practices with local context, the program serves as a unique platform for cross-border knowledge exchange, which strengthens the Kingdom's position as a regional financial hub. "Introduction to Saudi Capital Markets" targets e arly to mid-career professionals from inside and outside the Kingdom. It is also ideal for employees in investment banking, asset management, regulatory organizations, ministries of finance, and financial market infrastructure institutions. Mr. Mana bin Mohamed AlKhamsan , CEO of The Financial Academy, commented that t he program is an outcome of TFA's strategic partnership with ICMA, aimed to empower human talents and upskill workforce in capital markets. " The new ad dition reaffirms our commitment to adopting global best practices and continuing to support the achievement of Saudi Vision 2030's goals by contributing to shaping a more competitive and dynamic financial sector. " On the other hand, Mr. Bryan Pascoe, CEO of the International Capital Market Association, stated that the ICMA is pleased to collaborate with The Financial Academy in advancing the ambitious and significant transformation the Saudi capital markets are experiencing . The progra m, Pascoe added, showcases ICMA's commitment to integrating international standards in local context s , in order to build institutional and human capacities capable of securing sustained market growth. The International Capital Market Association (ICMA) has been setting international standard of training excellence in the capital markets for almost five decades. The Association is accredited as a training provider by both the UK's the Financial Conduct Authority (FCA) and Hon Kong's Securities and Futures Commission (SFC). In addition, the Association's programs are certified by the Continuing Professional Development (CPD) and are aligned with European Qualifications Framework (EQF). 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.
News
14 July, 2025
The Financial Academy (TFA) and the Saudi National Bank (SNB) have signed a strategic partnership agreement aimed at developing human capital in the financial sector. The collaboration is part of joint efforts to support the obje ctives of Saudi Vision 2030 and enhance the national talents’ sustainability and competitiveness. The agr eement was signed on behalf of T he Financial Academy by Mr. Mana AlKhamsan , Chief Executive Officer, and on behalf of SNB by Mr. Hasan Hammad, SEVP Group Chief Human Resources. Under the terms of the agreement, the Academy will deliver over 100 training offerings , including leadership programs , and professional certifications. Additionally, the training powerhouse will conduct in-person and online workshops. These initiatives target more than 4,000 trainees from SNB. “This partnership is an extension of the strategic role played by The Financial Academy in improving human capital within the financial sector — particularly in banking. In pursuit of this, TFA adopts the best international practices and standards and aligns programs with the requirements of the Financial Sector Development Program (FSDP) to build a Saudi pro sperous financial future ,” stated AlKhamsan . From his part, Hasan Hammad asserted that the strategic initiative showcases SNB’s commitment to supporting and empowering national talents in the banking sector. “Cooperation with leading institutions like The Financial Academy would level up the quality of professional education and equip the national talents with the necessary skills to meet future challenges, thus contributing to the financial sector development, ” he said.
News
08 July, 2025
The Financial Academy (TFA) has launched signature program Emerging Insurance Leaders — an outcome of a strategic cooperation agreement with the Mediterranean and Gulf Cooperative Insurance and Reinsurance Company (MEDGULF) . The bilateral collaboration is centered around the common goal of developing and improv ing the capabilities of the financial sector workforce, aligning with the object ives of Saudi Vision 2030. Explaining the goals of the program, Mr. Mana AlKhamsan , CEO of The Financial Academy, shared that the “Emerging Insurance Leaders” is one of the Academy’s signature programs designed to supercharge efficiency of human capital across the financial sector. “The program enhance s the participants’ understanding of an insurance company’s strategic functions, providing them with valuable insights into its processes, challenges, and opportunities. Plus, t he course offers an engaging, interactive and challenging experience that enables learners to further develop their insurance industry know-how . A special exploration of top trending topics in insurance industry will also empower participants to navigate future challenges and oppo rtunities faced by the industry, ” AlKhamsan noted. Adding to the above, Mr. Umar Al Mahmoud, CEO of MEDGULF , stated that the “ Emerging Insurance Leaders ” falls within the framework of insurance workforce development — a goal being pursued through specialized programs and internationally-recognized certifications. “The program targets young leaders in insurance industry who exhibit potential for future strategic leadership roles. The course aims to equip participants with the knowledge and skills necessary to navigate and lead in the evolving landscape of the insurance sector. The curriculum covers critical areas such as value creation, the impact of Artificial Intelligence (AI) and data, natural catastrophe management, and sustainability. It also addresses ways to develop strategic thinking and manage risks,” he concluded.
News
08 July, 2025
The Financial Academy (TFA) is continuing its drive of providing specialized services to partners across KSA. The training and certification hub has inked a framework agreement with the General Authority of Foreign Trade (GAFT) to implement the Authority’s plan of elevating the capabilities and skills its workforce for the year 2025. The agreement was signed on behalf of Th e Financial Academy by Mr. Mana AlKhamsan , Chief Executive Officer, and on behalf of the General Authority of Foreign Trade by Mr. Nasser bin Mohamed Aldegaither , Deputy Governor for Shared Services . AlKhamsan explained that the agreement signifies The Financial Academy’s persistence to continue its strategic role of developing and up skilling the financial sector’ s human capital. “In pursuit of this goal, the Academy adopts world-class best practices and standards , and aligns its programs with the requirements of the Financial Sector Development Program (FSDP), aiming to eventually build a prosperous and thriving financial future for the Kingdom.” Aldegaither , for his part, stated that the agreement is intended to qualify and train staff at the General Authority of Foreign Trade through developing specialized workshops. “These workshops are designed to achieve GAFT’s strategic goals, which include delivering leadership training programs targeting C-suite roles at the Authority in collaboration with global centers of expertise .” 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 developing and empowering 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 across the entire spectrum of financial industries especially banking, finance, insurance and capital market .
News
01 July, 2025
Mr. Mana AlKhamsan , CEO of The Financial Academy (TFA) , has received at the Academy’s headquarters in Riyadh Mr. Ali Aldakheel , General Director of Communication & Investor Protection Division at the Capital Market Authority (CMA) . During the meeting, the two sides explored opportunities for strengthening joint collaboration in fi nancial literacy promotion — one of the goals pursued by the financial sector — in alignment with the objectives of Saudi Vision 2030. Moreover, AlKhamsan , on behalf of The Financial Academy, was presented a commemorative gift by Aldakheel from the GCC Smart Investor Award , in appreciation of TFA’s solid commitment to nurturing financial knowledge and innovative content. The painting — a creation by Saudi promising artist Roba Yahia Shaikhin — won first place in painting category ( for u niversity students) at the third season of the A ward. The artwork shows how informed investment and saving decisions are made . 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 developing and empowering 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 across the entire spectrum of financial industries especially banking, finance, insurance and capital market .
News
01 July, 2025
The Institute of Public Administration (IPA) has recently honored The Financial Academy during the Institute’s Forum of Training and Development Partners. The recognition attests to the Academy’s significant contribution as a partner in the successful soft launch of IPA’s transformative strategy . This tribute highlights the great importance of effective intra-governmental partnership s , and shows how close cooperation and exchange of expertise among government entities can lead to shared success es . Additionally, it recognizes TFA’s critical and outstanding role in enhancing human capital efficiency and supporting the goals of Saudi Vision 2030. 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 developing and empowering 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 across the entire spectrum of financial industries especially banking, finance, insurance and capital market .
News
01 July, 2025
The Financial Academy (TFA) has won the 2025 Arabia Best in Business Award in Education C ategory during a high-profile ceremony held in Riyadh. The award acknowledges the Academy ’s impa ctful efforts in developing and refining the skills of human capital across KSA financial sector. The new recognition demonstrates TFA’s unwavering commitment to its strategic ro le of upskilling the industry workforce . In doing so, the Academy applies world-class best practices and standards , and aligns its portfolio of training programs with the requirements of the Financial Sector Development Program (FS DP), with a perspective of building a prosperous financial future for KSA. 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 developing and empowering 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 across the entire spectrum of financial industries especially banking, finance, insurance and capital market .
News
30 June, 2025
The Financial Academy (TFA) has announced the launch of the National Program for Actuarial Talent Development in Health Financing. The program is implemented under TFA’s strategic partnership with the Center for National Health Insurance (CNHI), the National Casemix Center of Excellence, and the Society of Actuaries (SOA). The course is intended to develop national professionals specialized in areas of actuarial healthcare and finance, with a view to supporting and further sustaining the financial transformation of health sector. It serves as a step forward towards achieving a more efficient and sustainable future for the healthcare system in KSA. Delivered in collaboration with the Actuarial Consulting and Technology Team at Willis Towers Watson (WTW) with an accreditation from the SOA, the program offers intensive training that focuses on developing skills in data analysis, healthcare service pricing, financial reserve calculation, and actuarial model design The program spans 21 training days—from June 30 to August 28 (weekends excluded). It targets final-year undergraduates and fresh grads majoring in actuarial science. Participants will receive Continuing Professional Development (CPD) hours accredited by the SOA, which enhances their readiness to actively contribute to the transformation goals of the healthcare sector. 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.
News
25 June, 2025
The Financial Academy (TFA) and the Saudi Export-Import Bank (Saudi EXIM) have jointly launched the Certified Export Finance and Insurance Professional Certificate. The new addition is designed to promote awareness and knowledge of the mechanisms and products of export credit finance and insurance. This comes within the framework of ongoing efforts to advance economic development in the Kingdom. In addition, a document on sustaining and updating the certificate in future has been adopted, aiming to bridge knowledge gap at local enterprises and businesses, upskill workforce at finance departments within Saudi banks, and develop the capabilities of professionals in areas of corporate finance, financial planning and export credit insurance. “The certificate is highly significant, given the critical role played by the export credit finance and insurance sector, which is a fundamental pillar of the national economy growth. Hence, all enterprises and businesses desiring to expand their export activities should possess comprehensive knowledge of available mechanisms and products of credit finance and insurance ,” noted H.E. Eng. Saad bin Abdulaziz Alkhalb, CEO of Saudi EXIM. He stressed that employees at enterprise finance departments of the national banks should be provided with advanced skills in marketing finance products that target exporters and adjusting them to audience needs, so that they could contribute to increasing exports and unlock new avenues for national economy growth, in alignment with Saudi Vision 2030. “ By completing this certificate, participants will elevate their knowledge and skills in terms of assessing an enterprise/business’s financial needs and determining the proper financing sources for them; obtaining broader insight into the financial institutions and financiers’ role in international trade and knowing how to manage relevant risks; finding solutions to reduce export transaction risks; efficiently managing cash flows and financial obligations through financial planning; and gaining familiarity with financial and insurance products to empower exports,” the CEO of Saudi EXIM concluded. For his part, Mr. Mana AlKhamsan, CEO of The Financial Academy, dubbed the important certification as an outcome of the strategic partnership between The Financial Academy and the Saudi Export-Import Bank (Saudi EXIM). This collaboration, he explained, is intended to strengthen and develop the capabilities of human capital within the financial sector and enable them to actively contribute to enhancing the national non-oil exports. “The certificate will provide professionals with necessary knowledge and skills to fully understand export finance and insurance mechanisms, which would reinforce the local enterprises and businesses’ capacity to expand in global markets and open up new horizons for economic development, aligning with Saudi Vision 2030 goals of diversifying sources of income and driving the national economy growth,” stated AlKhamsan. To Register for the Certified Export Finance and Insurance Professional Certificate, please follow the link: Here
News
23 June, 2025
The Financial Academy has been awarded the “Best Emerging Customer Experience Program in the Middle East and North Africa for 2025”, presented by Verve Management, in recognition of its outstanding efforts in enhancing customer service. On Monday, June 16, 2025, the Academy received this prestigious recognition as a result of a comprehensive transformation in its customer service approach. The shift involved moving from a traditional model based on fragmented systems and channels to a unified customer interaction management system. This included centralized ticket tracking, activation of key performance indicators (KPIs), and the integration of supportive tools across all channels—such as customer satisfaction surveys and continuous analysis of results to improve service quality. Verve Management, headquartered in Dubai, is a leading organization specializing in events and awards focused on customer experience, digital transformation, and innovation in the MENA region. The Financial Academy is an independent legal and administrative entity affiliated with the Chairman of the Capital Market Authority. Its mission is to develop and qualify human capital in the financial sector by enhancing the knowledge, skills, capabilities, and culture of its professionals—including executive leaders and board members—across all financial institutions, including banking, finance, insurance, and capital markets. The Academy also contributes to the development of best professional practices within the sector.
News
26 May, 2025
Under the deal, specialized insurance training programs and workshops will be delivered. The Financial Academy (TFA) and Bahrain Institute of Banking and Finance (BIBF) have signed a strategic partnership whereby the latter will offer specialized training programs and workshops to help insurance workforce in Saudi Arabia advance their careers. The move is part of TFA’s ongoing efforts aimed to strengthen national capacities within Saudi financial sector. The agreement was inked by Mr. Mana AlKhamsan, CEO of The Financial Academy, and Dr. Ahmed AlShaikh, CEO of Bahrain Institute of Banking and Finance. AlKhamsan dubbed the partnership as a continuation of TFA’s leading role in developing and improving human capabilities in the financial sector, especially the insurance industry. “In doing so, we adopt global best practices and standards in vocational education, aligning our training programs with the requirements and goals of the Financial Sector Development Program (FSDP) of Saudi Vision 2030.” He added that the agreement demonstrates regional and international institutions’ trust in the academy and its prestigious status as a leading powerhouse for developing and empowering human capital working in the Kingdom’s financial sector. On the other hand, AlShaikh said that the partnership marks a strategic move forward towards promoting the professional qualification in the Saudi insurance market. “The deal includes an advanced package of specialized training programs and workshops, offered exclusively in partnership with TFA. In addition, the two organizations will jointly collaborate to design professional micro-credentials that respond to rapid changes and emerging needs of labor market,” AlShaikh explained
News
25 May, 2025
The Financial Academy (TFA) and the Mediterranean and Gulf Cooperative Insurance and Reinsurance Company (MEDGULF) have celebrated the graduation of 70 contestants who took part in the Artificial Intelligence (AI) and Innovation Hackathon. The event is an outcome of a joint strategic partnership to nurture a qualified generation of national talents capable of advancing the insurance industry in the Kingdom. It comes as the two organizations pursue the achievement of the goals of Saudi Vision 2030. The hackathon program spanned five months and included several key rounds. It started from data collection challenge identification, proceeding through designing the program, holding awareness sessions, calling for ideas, screening, selecting the best candidates, and finally holding the action-packed hackathon activities, which lasted for consecutive five days and saw creative output by the participants. During the closing ceremony, the finalist competing teams pitched 12 innovative prototypes and solutions. After deliberation, winners were announced. The ( Conversia) team won the top prize, earning a whopping SAR 150,000; followed by the (PREMA) team, who received SAR 100,000. In the third spot came the ( An Al-powered chatbot for hospital fraud detection ) team, getting SAR 50,000. “We are proud of the remarkable efforts made by participants in the AI and Innovation Hackathon, which showcases the innovative spirit and potential of our country’s ambitious youth,” commented Mr. Mana AlKhamsan, CEO of The Financial Academy. He heralded the graduation of such a galaxy of creative minds as “a significant step forward” towards achieving the targets of Saudi Vision 2030, which focuses on empowering young people and revolutionizing the vital sectors - mainly insurance - by adopting cutting-edge technologies and digital solutions. “The partnership between TFA and MEDGULF demonstrates our shared commitment to driving innovation and entrepreneurship in FinTech, as well as equipping national talents with necessary AI skills and knowledge. Thus, we contribute to creating a prosperous future for the insurance industry and advancing economic development in the Kingdom,” concluded AlKhamsan. From his part, Mr. Umar Al Mahmoud, CEO of MEDGULF, underscored the importance of innovation as a cornerstone for modernizing the insurance industry. “This hackathon reflects MEDGULF’s unwavering commitment to fostering national talents and enabling them to embrace AI technologies and consequently lead the digital transformation drive. Today, we are proud to attract such an excellent group of innovative young people, who we count on to develop unique solutions that would improve customer experience and make a measurable difference within insurance industry.” Finally, Al Mahmoud hailed The Financial Academy’s critical and strategic role in developing and refining the capabilities of the financial sector human capital, indicating that those efforts are aligned with the Kingdom’s aspirations of building a thriving and sustainable knowledge economy.
News
21 May, 2025
The Financial Academy (TFA) has released its most recent strategic report. The new addition, Future-Proofing Finance: Reskilling the Saudi Financial Sector Workforce for Vision 2030, highlights the need to reskill the financial sector workforce, being a critical priority that aligns with Saudi Vision 2030 targets. The report argues that amid the rapid changes in the digital economy and the growing reliance on Artificial Intelligence (AI) technologies and the big data, 40% of the current financial sector workforce need to be reskilled by 2030. It adds that technical skills, such as data analytics, as well as the sustainable finance and cybersecurity, have become essential for future-proofing workforce in the Kingdom of Saudi Arabia. 84% of financial institutions expect that AI technologies and data processing will play a pivotal role in reshaping business models, the report said. While 51% of global business leaders consider technical knowledge the most valuable skill for the year 2025, the percentage hikes to 63% among their Saudi counterparts, signifying a better perception of AI significance in the Kingdom. This is why nearly 95% of the financial institutions already have reskilling plans, the report revealed. In this context, Mr. Mana bin Mohamed AlKhamsan, CEO of The Financial Academy, comments that the financial sector is a key pillar of the national transformation, dubbing future-proofing workforce as a strategic investment that would further advance the Kingdom’s drive to build a diversified and innovation-based economy. “TFA persistently works on developing advanced solutions to fulfil the needs of the sector, including banking, insurance, finance and capital market,” noted AlKhamsan. The report suggests that to empower human capital, a culture of continuous learning and adaptability should be fostered, an approach that focuses on skills rather than traditional job titles should be adopted, and training programs tailored to the actual needs of markets should be designed. Additionally, the new release reviews a number of global best practices for reskilling, including Singapore’s integrated public-private partnership (PPP) model and UK’s market-driven approach. The report highlights a series of evolving finance job roles such as green finance specialist, sustainable portfolio manager, sustainability analyst, digital risk officer, data privacy analyst and fraud detection expert, calling for qualifying talented people to assume leadership roles in these areas. It also recommends that collaboration between regulators, TFA and business ecosystem should be strengthened to ensure sustained and broad-based implementation of reskilling initiatives. You can access the report via this link: Reskilling the Saudi Financial Sector Workforce for Vision 2030
News
20 May, 2025
The Financial Academy (TFA) and ACE Gallagher Arabia Insurance Brokers have inked today a Memorandum of Understanding (MoU) to strengthen their joint work. The memorandum is aimed at upskilling and developing the capabilities of the financial sector’s human capital. The move is guided by the goals of Saudi Vision 2030. Signatories to the MoU were Mr. Mohammed Alhamazany, Chief of Capability Development at The Financial Academy, and Mr. Waleed AlSudairi , Vice President of Human Resources at ACE Gallagher Arabia Insurance Brokers. According to the deal, TFA will act to advance the insurer workforce’s professional capabilities and financial knowledge. The training hub will deliver a total of 450 training programs and professional certificates, including 300 courses and 150 mandatory and non-mandatory certifications. 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’s 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.
News
08 May, 2025
The Financial Academy (TFA) has been honored by the Smart Gulf Investor Award (third edition) in recognition of the financial training powerhouse’s spearheading role in developing and improving knowledge content and raising financial and investment awareness. The celebration took place today - Wednesday, May 7, 2025 - as part of the award’s closing ceremony. Mr. Mana bin Mohammed AlKhamsan, CEO of The Financial Academy, has been handed the honorary trophy by H.E. Mr. Mohammed bin Abdullah ElKuwaiz, Chairman of the Capital Market Authority (CMA). The Award serves as an acknowledgment of TFA’s efforts across the Gulf Cooperation Council (GCC) countries. The academy’s participation in the initiative, one of the Gulf Investment Awareness Program “Mulim” major initiatives, is driven by its mission of developing and advancing the financial sector workforce’s capabilities, and contributing to endeavors seeking to support the financial awareness and create innovative content. The Smart Gulf Investor Award aims to encourage participants across the GCC countries to produce innovative content that promotes financial literacy. The award is divided into four categories: video, painting, photography and writing. 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’s 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.
News
05 May, 2025
- The Financial Academy (TFA) held today (Monday) a high-profile meeting with the Venture Capital and Private Equity Association to discuss major regulatory developments in the Saudi financial market. Attending the meeting were H.E. Mr. Mohammed ElKuwaiz, Chairman of the Capital Market Authority (CMA), Dr. Nabeel Koshak, Chairman of Saudi Venture Capital and Private Equity Association, numerous Association members and industry stakeholders. In addition to considering the impacts of regulatory updates in terms of developing the financial market and increasing its attraction for investors, the meeting addressed key challenges, opportunities and growth potential in venture capital and private equity sector. Regulators’ role in driving innovation and investment, as well as ways to foster Public-Private Partnerships (PPPs) were discussed too. The meeting is a continuation of TFA’s endeavors to enhance communication and integration with different components of the financial sector, transfer knowledge, and share experiences among executive leaders and practitioners in the market. 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’s 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.
News
04 May, 2025
The Financial Academy (TFA) has concluded a Memorandum of Understanding (MoU) with Bahrain-based Mubasher Capital company to reinforce joint work in capability development area. The move, targeting the financial sector human capital, is consistent with Saudi Vision 2030 goals. The memorandum has been signed by Mr. Mohammed Alhamazany, Chief of Capability Development at The Financial Academy, and Mr. Ehab Rashad, CEO of Mubasher Capital. As per the deal, the two sides will collaborate to design and implement investment-themed seminars in alignment with TFA and Saudi Vision 2030’s goals. Accordingly, a Saudi market-specific content will be tailored, while the academy’s expertise will be leveraged and integrated into Bahraini local regulations and investment strategies. TFA will also deliver training programs to Mubasher Capital employees, and host speakers from Mubasher Capital in the academy’s events and programs relevant to the investment firm’s business. Mubasher Capital is a Bahrain-based investment business firm that provides access to global markets and a wide variety of financial products. The company mainly operates in multi-asset trading, asset management and financial research. It is dedicated to promoting investment literacy and awareness, aiming to educate individuals and increase investors’ engagement across the Arab countries. 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’s 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.
News
03 May, 2025
The Financial Academy (TFA) has participated in the Actuaries Forum in Riyadh, organized by the UK’s Institute and Faculty of Actuaries (IFoA). The event featured a selection of decision-makers, experts and professionals dedicated to the actuarial science. Speaking at the forum, Mr. Mohammed Alhamazany, Chief of Capability Development at The Financial Academy, said that TFA firmly believes that cooperation with IFoA is a game changer for the financial sector in the Kingdom under Saudi Vision 2030, which places professional development and investing in national talents at the core of its priorities. He added that TFA is well qualified to be the perfect partner and representative of the IFoA in Saudi Arabia. “The Financial Academy’s credentials are not limited to designing and delivering world-class professional qualification programs; it is also keen to build sustainable channels of communication with the promising Saudi market, which is brimming with various talents eager to obtain prestigious global accreditations such as the Chartered Actuary,” explained Alhamazany. 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’s 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.
News
23 April, 2025
As per the deal, training consultations and leadership programs will be offered by TFA. - The Financial Academy (TFA) and Holy Makkah Municipality inked today a Memorandum of Understanding (MoU) to step up joint action. The deal is guided by TFA’s mandate of developing and advancing the capabilities of the financial sector human resources, aligning with the targets of Saudi Vision 2030. The MoU was signed by Mr. Mana bin Mohammed AlKhamsan, CEO of The Financial Academy, and Mr. Mohammed Bukhary, Deputy Mayor of Holy Makkah Municipality for Human Capital. Accordingly, TFA will offer training consultations, analyzing the Holy Makkah Municipality workforce’s specific needs. In addition, the two sides will collaborate in designing and delivering specialized training programs for the municipality employees, as well as leadership development programs for its leaders. Assessment-based recommendations for developing and improving performance and operations will be offered too. 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’s 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.
News
21 April, 2025
The Financial Academy (TFA) has announced that it launched the “Investment Awareness” initiative, in partnership with Derayah Financial. The activity is part of TFA’s efforts geared to enhance financial and investment literacy among students and graduates by equipping them with essential knowledge of financial markets, investment strategies, and personal finance management. The academy stated that the initiative is guided by its vision, which aims, among other things, to raise investment awareness at individual and organizational levels, and empower national talents with knowledge and skills, enabling them to effectively contribute to Saudi financial sector growth and sustainability. “The initiative is designed to help young people in their early careers make informed financial decisions, improve their awareness of financial sustainability and smart investing concepts. It is an 8-workshop project that includes online and in-person sessions. Dates will be gradually posted on TFA’s official social media channels and website. Participants will be awarded a Certificate of Attendance from The Financial Academy upon completing all workshops,” explained the academy. It added that the workshops cover a suite of investment and finance-specific themes, including Personal Finance Management, Introduction to the Saudi Capital Market, Investment Products in the Financial Market, Financial Analysis Principles for Making Informed Investment Decisions, Investment Portfolio Management: Diversification and Risk Management Strategies, Investment Behavior in the Financial Market: Understanding Psychological Factors, Initial Public Offerings (IPOs), and Latest Developments in the Saudi Financial Market. 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 human capital and developing capacities across the financial sector, covering banking, finance, insurance and capital market. In doing so, TFA delivers specialized professional and training programs that align with global best practices and standards.
