The Financial Academy (FA) signed today a Memorandum of Understanding (MoU) with the Center for National Health Insurance (CNHI) to develop leadership andfinancial skills of the Center’s employees through implementing a variety of specialized training programs.

Mr. Mohamed Alwelaie, Head of Insurance Center at the FA, and Mr. Sultan Khan, Chief Human Resources & Corporate Services Officer at CNHI, signed the MoU on behalf of the two institutions. The signing ceremony was attended by Mr. Mohamed AlKhamsan, CEO of the Financial Academy, and Mr. Yasser Alquhidan, CEO of the Center for National Health Insurance.

The MoU is aimed to develop CNHI staff by enhancing their professional knowledge and skills within areas of effective communication, strategic planning, efficient team management, problem solving, and decision making. In addition, the agreement seeks to empower the Center for National Health Insurance’s employees to fully understand and manage financial affairs, especially those related to management accounting, strategic finance and investment management. According to the MoU, the Academy will also provide specialized insurance programs covering key topics like insurance cost analysis and management, and the associated risks.

The Financial Academy is an independent legal and administrative entity that is organizationally located under the Chairman of the Board of the Capital Market Authority (CMA). The Academy seeks to qualify the financial sector’s human resources by advancing the knowledge, capabilities, skills and culture of its staff, including senior managers and board members. The FA also develops and promotes best professional financial practices, targeting all segments of the financial sector such as banking, finance, insurance and capital market.