The Financial Academy (TFA) has concluded a Memorandum of Understanding (MoU) with the Ministry of Human Resources and Social Development (HRSD) to localize financial professions and support national talent across the financial sector.

Signing was carried out by Mr. Mohammed Alhamazany, Chief of Capability Development at TFA, and Mr. Hatem A l- Ballaa , Deputy Minister for Localization at HRSD.

Under the MoU, cooperation will cover several areas including job-oriented training, professional empowerment, entrepreneurial work and women ’s empowerment . The Financial Academy and the Ministry of Human Resources and Social Development have also agreed to exchange knowledge , share practical and theoretical expertise , and collaborate in events hosted by any of them .

Alhamazany commented that cooperation with HRSD highlights TFA ’s continuous and pivotal role in developing the capabilities of national human capital across the financial sector.

“ By designing various signature training programs , the A cademy supports employment, women’s professional empowerment, as well as different forms of entrepreneurial work, ensuring national talent growth and competitiveness ,” added Alhamazany .

A l- Ballaa , for his part, said that the Ministry of Human Resources and Social Development is proud to partner with Th e Financial Academy to empower national talent. Thanks to this MoU , he explained , the two parties will exchange knowledge, and organize joint events with a view to align ing training outcomes with the actual and future needs of the financial 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 ’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.