The Saudi Cultural Fund signed a memorandum of understanding today (Sunday) with Fitch Learning, a global institution in professional development, to design and implement specialized programs to develop national competencies and enhance the leadership and specialized readiness of its employees to meet the requirements of the next phase, supporting its strategic goals and contributing to the development of the cultural sector. The step reflects the Fund's commitment to adopting the best global practices in institutional capacity building.

Professional Programs According to Best Global Practices

The partnership will result in the development and implementation of professional development initiatives and programs based on best global practices, contributing to knowledge transfer, strengthening leadership and specialized capabilities, establishing a culture of continuous learning, and supporting the readiness of human talents, which will reflect on the efficiency and sustainability of the Fund's performance.

Enhancing Investment and Risk Management Skills

The collaboration with Fitch Learning comes due to its global standing in specialized professional development in the financial and investment sectors, along with its expertise in designing and providing high-level educational solutions and professional qualifications. This serves as a strategic tributary for the Cultural Fund to enhance its employees' skills in financial management, investment analysis, and risk management, in line with the highest international and practical standards consistent with the nature of the Fund's work and its future aspirations.

Investing in Human Capital to Achieve Goals

The CEO of the Cultural Fund, Majed Al-Hogail, said: 'Investing in human capital is one of the main enablers to achieve the Fund's goals and enhance its institutional performance efficiency.'

He added: 'From this standpoint, our partnership with Fitch Learning comes to benefit from the best global practices in institutional capacity building, preparing more ready national cadres to keep pace with the development of the Fund's work and support its strategic priorities, and enhancing its ability to continue its role in developing the cultural sector.'

Building National Competencies with Sustainable Impact

General Manager of Fitch Learning, Noujood Al-Mleek, said: 'The partnership with the Cultural Fund supports its commitment to developing national competencies and enhancing institutional capabilities. We look forward to contributing our global expertise in professional development to equip the Fund's teams with the necessary skills and knowledge to achieve its strategic priorities and leave a sustainable impact.'

Global Standing in Financial Education and Professional Development

Fitch Learning, part of the Fitch Group, is a trusted global provider of financial education with deep expertise in credit, supported by extensive experience in financial services sectors. The company also provides impactful educational solutions through programs, courses, and professional qualifications focused on client needs.

By employing digital innovation and AI-powered learning tools, the company enables organizations around the world to build future-ready teams. It also owns the CQF Institute, the Global Association of Credit Professionals, and the Canadian Securities Institute, supporting financial sector professionals throughout their careers.