MADINAH: Madinah Gov. Prince Faisal bin Salman, chairman of the Madac Academy board of trustees, on Wednesday signed a partnership agreement between the academy and the Arab National Bank (ANB).
Under the agreement, the bank will establish a smart laboratory at the academy equipped with the latest technical equipment, such as robots, artificial intelligence and augmented reality, to provide qualitative education to more than 1,000 students per year.
The agreement was signed between Prince Faisal and ANB’s Chairman, Salah Al-Rashed, in the presence of the bank’s CEO, Obeid Al-Rasheed, and Abdulrahman Alawi, the academy’s director.
Al-Rashed expressed appreciation for Prince Faisal for patronizing and supporting the partnership.
He said that the agreement reflects the bank’s concern to provide innovative initiatives and qualitative programs in the social responsibility milieu and contribute to supporting the efforts and activities aiming to improve the educational process.
Alawi thanked Prince Faisal for his support for Madac Academy as well as the ANB for the initiative, contributing to achieving the academy’s goals aiming to create a promising generation of creative and distinguished students.
Madac is a nonprofit project seeking to become a pioneer in improving children’s lives around the world. It also aims to build a future by establishing the best educational systems based on encouraging human knowledge, deepening the Qur’anic values and upgrading the educational process.