AlMabarrah AlKhalifia Foundation Signs Cooperation Agreement with Bahrain Institute for Banking and Finance

MANAMA, Bahrain – 09 February 2020: AlMabarrah AlKhalifia Foundation has entered into a cooperation agreement with the Bahrain Institute of Banking and Finance (BIBF), under which a reduced tuition fee will be provided for both Bachelor programs at the BIBF which are the University of London and Bangor University.

Through this partnership, the Bahrain Institute for Banking and Finance (BIBF) will offer reduced tuition fees to AlMabarrah AlKhalifia Foundation for the University of London, the largest university in Britain and Europe, in addition to Bangor University, one of Wales’ top 15 universities. For its part, AlMabarrah AlKhalifia Foundation will provide individuals and companies with the opportunity to invest in Bahraini youth by sponsoring seats at both universities.

Commenting on this cooperation, H.H. Shaikha Nayla bint Hamad bin Ebrahim AlKhalifa, Vice Chairperson of AlMabarrah Alkhalifia said: “Firstly, I would like to extend my sincere thanks to the Bahrain Institute for Banking and Finance (BIBF) for their cooperation and efforts which go in line with our aim to empower youth and develop their soft and practical skills in various fields. We would also like to invite various universities from the Kingdom of Bahrain and abroad to extend joint cooperation with us, with the aim of providing more scholarships and academic benefits to eligible students, in order to meet the requirements of the labor market which go in line with the economic vision 2030.”

For his part, Director of Bahrain Institute for Banking and Finance, Dr. Ahmed Al Shaikh stressed the importance of investing in Bahraini youth as future leaders, adding: “This collaboration with AlMabarrah AlKhalifia Foundation is an important part of the Institute’s strategy to prepare and qualify the young cadres in the banking and financial sector in the Kingdom by offering initiatives that will contribute to enhancing the skills of Bahraini youth and developing their professional and leadership capabilities to prepare them when entering the labor market.”

The Rayaat program, which was launched in 2011, is a comprehensive program that enables students to enroll in one of many accredited universities in Bahrain, in addition to offering many benefits which include financial incentives, workshop and training opportunities in both public and private sectors, as well as many activities that encourage a culture of social responsibility and volunteering among the youth.