BIBF Begins Partnership with GASTAT in Saudi Arabia

by BTM

Mon, 03 July 2023

BIBF Begins Partnership with GASTAT in Saudi Arabia

The Bahrain Institute of Banking and Finance (BIBF) has recently signed a Memorandum of Understanding (MoU) with the General Authority for Statistics (GASTAT) in the Kingdom of Saudi Arabia. This strategic partnership aims to foster the development of capabilities in the fields of finance, digital transformation, leadership, and management.

GASTAT serves as the sole official statistical reference for data and information in Saudi Arabia. The organisation’s essential products include statistical censuses such as the general population, housing, and establishments census, as well as the results of field surveys, periodic statistical publications, and indicators covering various domains such as the economy, society, health, education, agriculture, labour force, and indices. 

Under the terms of the MoU, both parties will collaborate to design and deliver specialised training programmes. Leveraging BIBF’s extensive experience of over four decades in diverse business disciplines including banking, finance, financial technology, and digital transformation, these programmes will address the needs of GASTAT and significantly contribute to Saudi Arabia’s digital transformation objectives. 

The MoU was signed in Riyadh with CEO of the BIBF, Dr. Ahmed Al-Shaikh, and Vice President of GASTAT, Muhammad Al-Rasheed, representing their respective organisations. President of GASTAT, Dr. Fahad Al-Dossari, also attended the signing ceremony alongside several executive members of the institute.