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