Alinma Bank Empowers Communities and Grants Five Million Riyals in Scholarships for Financial Inclusion

Alinma Bank Empowers Communities and Grants Five Million Riyals in Scholarships for Financial Inclusion

Recognizing the vital importance of fostering financial inclusion and empowering underserved communities, Alinma Bank has entered into a partnership agreement with the Ministry of Human Resources and Social Development and the Education Support Association (Taalum). Through this collaborative effort, Alinma Bank pledges five million Riyals in support through its University Education scholarship program. This initiative aims to provide students from disadvantaged families with access to higher education, qualifications, and training essential for their integration into the job market. Alinma Bank's commitment to this agreement is rooted in its corporate social responsibility strategy, aligning with the Kingdom's Sustainable Development Goals to ensure equality in educational opportunities. By equipping these students with the necessary tools and guidance, Alinma Bank seeks to cultivate their potential, paving the way for a more prosperous future and enabling them to play fulfilling roles within their families and society.

 

In light of this collaboration, Mr. Saleh Abdullah Alzumaie, Deputy CEO of Alinma Bank, reiterated the institution's dedication to activating its social responsibility initiatives, aiming to empower communities and foster financial inclusion. Mr. Ahmed Saleh Almajed, Deputy Minister for Social Development at the Ministry of Human Resources and Social Development, echoed this sentiment, affirming the ministry's commitment to the National Transformation Program and Vision 2030. Additionally, both parties emphasize the importance of forging sustainable partnerships that enable companies to fulfill their social responsibilities.

 

It's noteworthy that, under the supervision of the Ministry of Human Resources and Social Development, Alinma Bank, through its partnership with the Taalum Association, provides higher education opportunities to students from disadvantaged families across various Saudi universities. This comprehensive support encompasses covering tuition fees for bachelor's degree programs and ensuring direct monitoring and supervision to create an optimal learning environment and overcome any obstacles that may hinder academic achievement.