Doha, Sunday 27 November 2022 - Qatar Insurance Group (QIC), the leading insurer in Qatar and MENA region signed on Thursday, 17th November 2022 a Memorandum of Understanding (MoU) with Qatar Finance and Business Academy (QFBA).
The agreement outlines QIC’s contribution towards supporting QFBA’s ‘Kawader Malia’ Program for three years; an initiative designed to prepare future business leaders, and decision makers of Qatar’s financial and banking services sector by bridging the performance gap between “the academic and the professional” for fresh graduates of both genders within the spectrum of the financial industry.
The MoU, which was signed by QIC Group Acting Chief Administrative Officer, Mr. Rashid Al-Buainain and Director of Professional Training at QFBA, Mr. Majed Abdulaziz Al-Khulaifi, reinforces the mutual commitment of both entities to developing and fostering Qatar’s national human capital.
Speaking about the signing, Mr. Rashid Al-Buainain said: “We believe that a well-trained and qualified youth are the building blocks of a prosperous and developed society. Therefore, we are delighted to be able to support the “Kawader” program and in turn solidify national efforts to qualify young Qataris in the financial and banking sector and to reiterate our commitment to supporting “Qatar National Vision 2023” which entails preparing Qatari students to take on the world’s challenges and become tomorrow’s innovators, entrepreneurs, and professionals”.
Mr. Majed Abdulaziz Al-Khulaifi, Director of Professional Training at the Qatar Finance and Business Academy, said, “We are proud to sign this agreement with the Qatar Insurance Group QIC. This provides vast opportunitie¬s for training and development programs for Qatari talents through various specialized training courses which is specially designed to meet the needs of Qatari graduates in the Finance and Business sector through the National Development Program “Kawader Malia” and other professional development programs. There is no doubt that this agreement reflects the QIC’s priorities in the sustainable development of Qatari talents, thus, reflected in supporting the economic development of the country'.
Qatar Insurance Company (QIC) is a publicly listed composite insurer with a consistent performance history of over 50 years and a global underwriting footprint. Founded in 1964, QIC was the first domestic insurance company in the State of Qatar. Today, QIC is the market leader in Qatar and a dominant insurer in the GCC and MENA regions. QIC is one of the highest rated insurers in the Gulf region with a rating of A/Stable from Standard & Poor’s and A (Excellent) from A.M. Best. QIC is also the first & best digital insurance company in Qatar and the largest insurance company in the MENA region by gross written premium, profitability, and total assets. It is listed on the Qatar Stock Exchange and has a market capitalization in excess of QAR 7.8 billion. For more information about QIC, please visit www.qic-group.com
Qatar Finance and Business Academy (QFBA) was established in 2009 under the auspices of QFCA. QFBA is a leading national training provider that aims to cultivate the Human Development Pillar of the Qatar National Vision 2030. QFBA excels in providing professional training to individuals and customized learning and development programs for corporates. Geared towards the financial sector, we aim to be a reliable training partner by adapting our learning solutions to meet professional development needs. In 2018, QFBA partnered with Northumbria University in Newcastle to offer degree programs in Banking and Finance.