King Abdullah Economic City: Prince Mohammed Bin Salman College of Business and Entrepreneurship (MBSC), a world-class business and entrepreneurship education leader, has signed a Memorandum of Understanding (MoU), with SNB Capital (SNBC), the Kingdom’s largest Asset Manager and the largest Sharia-compliant entity of its kind globally.
Under the terms of the agreement, MBSC and SNBC will provide a range of financial support services to company employees wishing to enroll in one of the college's postgraduate programs. This includes MBSC’s Master in Management (MiM), Master in Finance (MiF), and Executive Master in Business Administration (EMBA) programs.
The MoU was signed by Professor Zeger Degraeve, Dean of MBSC, and Majed AlMuhanna, Chief Human Capital Officer of SNBC, during a ceremony held at SNBC’s Headquarters, with officials from both sides in attendance. It comes as part of the college’s ongoing efforts to partner with leading Saudi companies whose human capital development strategies encourage employees to pursue lifelong learning.
SNBC employees will be required to undergo the same rigorous admissions process that MBSC administers to all applicants, including an interview. The college’s admissions team will also provide relevant information sessions to all prospective SNBC applicants. SNBC, in turn, will provide its enrolled employees with flexibility to attend all courses in person.
The MoU also entails a number of knowledge exchange initiatives between both parties. SNBC and MBSC will work closely to develop custom Executive Education programs that cater to company employees’ long-term professional development goals. Furthermore, MBSC will involve SNBC senior executives as panelists and guest speakers in its postgraduate and Executive Education programs.
Professor Degraeve expressed his enthusiasm over the new agreement, saying, “Our partnership with SNBC will allow us to empower the careers and lives of multiple Saudi professionals in the investment banking and asset management sectors. This will allow SNBC’s employees to thrive in the Kingdom’s increasingly competitive job market under Vision 2030 and equip them with the knowledge and expertise they need to assume prominent leadership roles in the near future, an objective that we at MBSC wholeheartedly support.”
Commenting on the agreement, Majed AlMuhanna, Chief Human Capital Officer of SNBC said, “Our partnership with MBSC reflects our commitment to invest in our employees and their growth, through creating cross-skilling and upskilling opportunities that enable them to deliver excellence and gain a competitive advantage in a very challenging job market. In alignment with King Salman Program for Human Capital Development under Vision 2030, SNBC will continue to provide learning and development opportunities, stimulating an environment that empowers future leaders and enriches the talent pool in Saudi Arabia”.