The Financial Academy (TFA) and Al Rajhi Takaful have inked a Memorandum of Understanding (MoU) to boost cooperation on developing and advancing the capabilities of the financial sector workforce, in alignment with Saudi Arabia’s Vision 2030.

The MoU was signed by Mr. Mohammed Alhamazany, Chief of Capability Development at The Financial Academy, and Mr. Ibrahim Al Howish, Chief Human Capital and Corporate Affairs Officer at Al Rajhi Takaful.

According to the memorandum, TFA will train and upskill more than 1000 leaders and employees of the insurance company, as well as the graduates of “Al Rajhi Takaful Pioneers” program.

The two parties have also agreed to step up bilateral collaboration in scientific research domain.

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 mainly focused on qualifying the financial sector’s human capital, including senior managers and board members, by advancing their knowledge, capabilities, skills and culture. The FA also develops and promotes best professional financial practices, targeting all components of the financial services sector including banking, finance, insurance and capital market.