SABB becomes ICAEW authorized training employer

Matthew Pearce, chief financial officer at SABB, and Michael Armstrong FCA, ICAEW regional director, Middle East, Africa and South Asia.
Updated 26 June 2019
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SABB becomes ICAEW authorized training employer

The Saudi British Bank (SABB) has joined forces with Institute of Chartered Accountants in England & Wales (ICAEW) to become the first bank in the Kingdom to be an ICAEW authorized training employer. The partnership will help SABB attract and retain talented individuals by offering ICAEW’s ACA qualification.

The new partnership is part of the SABB’s strategy to become a best-in-class international finance organization, but most importantly by supporting the Saudi Vision 2030. By providing Saudi nationals access to internationally recognized qualifications and training, supporting development of their skills and abilities, SABB aims to help them achieve a better future that matches their qualifications and ambitions.

Matthew Pearce, chief financial officer at SABB, said: “By partnering with a world-leading accountancy and finance organization that maintains the highest professional standards, SABB is very proud to become the first bank in the Kingdom to be an authorized training employer with ICAEW. This partnership aligns with SABB’s vision and strategy to be internationally connected while developing Saudi nationals and supporting Vision 2030.”

Completing the ACA qualification enables professionals to use the title “ICAEW Chartered Accountant.” 

Michael Armstrong FCA, ICAEW regional director, Middle East, Africa and South Asia, said: “ICAEW works with employers to support the professional development of their teams. In Saudi Arabia, ICAEW works alongside the national profession to complement the important national accountancy qualification and equip finance talent with the broad range of technical knowledge and professional skills they need to make a great contribution to their organizations. 

“As an authorized training employer, SABB will be able to prepare employees for the internationally recognized ACA qualification. Throughout the world, our training partners benefit from being able to attract the best talent and develop the next generation of business leaders. Our partnership with SABB underscores its commitment to remain at the forefront of the fast-paced banking industry and contribute to the growth of Saudi Arabia’s financial services industry.”


Mashroat to support Labor Ministry projects

Updated 15 July 2019
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Mashroat to support Labor Ministry projects

The Ministry of Labor and Social Development and the National Program to Support the Management of Projects in Public Entities (Mashroat) have signed a memorandum of understanding (MoU) to appoint the latter as the enabling arm to support infrastructure projects. Mashroat will provide consultancy services and technical support for managing the ministry’s construction projects and facilities management based on the highest administrative and operational standards.

The MoU will allow Mashroat to examine and evaluate the construction projects’ management strategies and the ministry’s current facilities management, including designing and identifying policies, procedures and processes. In addition, Mashroat will ensure project implementation and facility management systems are run efficiently and effectively.

The MoU is considered as the first of its kind to be implemented by Mashroat to support the management of public facilities for government entities in the Kingdom. This includes the provision of consultation services and technical support based on international best practices and will support the ministry’s facilities, including 14 operating and maintenance contracts for 389 sites spread throughout the country.

The MoU was signed by Executive General Supervisor of Supportive Services at the Ministry of Labor and Social Development Dr. Ayman bin Ibrahim Al-Shelafan, and Director-General of Mashroat Ahmed bin Mutair Al-Balawi. In attendance were Minister of Labor and Social Development Ahmed bin Suleiman bin Abdul Aziz Al-Rajhi, Assistant to the Minister of Labor and Social Development Mohammed bin Nasser Al-Jasser, and Assistant Minister of Economy and Planning and Board Member of Mashroat Khalid bin Saud Al-Shunaifi.

Al-Jasser said: “The signing of this MoU is an important step toward strengthening our partnership with Mashroat. Through this joint effort, we aim to strengthen the ministry’s public infrastructure system, and achieve a strategy that will contribute to the development of the Kingdom and achieve the ambitious goals of Vision 2030.”

Al-Balawi said: “Mashroat aspires to achieve an effective transformational approach for the project and facilities management offices in the governmental agencies, through supervising the planning of the infrastructure projects portfolio for government agencies.” 

He added: “We are pleased to sign this MoU with the ministry, the first-of-its-kind for the management of public utilities. The program will examine and evaluate the management of current construction projects, while uniting the measurement of operational and maintenance procedures and processes to achieve efficiency and effectiveness, fulfilling the ministry’s strategic objectives.”

The MoU is an implementation of a royal decree (No. 47004) dated May 31, 2018, pursuant to the Council of Ministers’ resolution stating that public entities shall establish project management offices in cooperation with Mashroat to follow up, coordinate and manage their projects and ensure their delivery.