As part of its commitment to social responsibility and support for the education sector, Hadhramout Bank announced the signing of a community partnership agreement with Al-Riyada University to implement the EduFund project, which aims to enhance equitable access to university education through flexible and sustainable financing alternatives.
The agreement was signed on behalf of Hadhramout Bank by
Mr. Abdul Nasser Noman Al-Haj, CEO of the bank, and on behalf of
Al-Riyada University by Dr. Saleh Hassan Baoum, Chairman of the Board of
Trustees. This collaboration comes in light of the economic challenges
facing undergraduate students in Yemen. The project seeks to provide a
balanced scholarship model that ensures sustainable financial support
and enables the bank to expand its activities in the field of
educational and social financing, in addition to motivating students to
achieve academic excellence and strengthening institutional commitment.
Mr. Abdul Nasser Noman Al-Haj said, "This initiative embodies Hadhramout
Bank's commitment to actively contribute to the development of
education and the support of young talent. We are committed to investing
in programs that serve the community and achieve sustainable
development." For his part, Dr. Saleh Hassan Baoum stated, “We commend
this partnership, which reflects Hadhramout Bank’s awareness of its
national role in supporting university education. Through this
partnership, we look forward to enabling more students to continue their
studies and overcome economic challenges, contributing to the
graduation of qualified personnel capable of keeping pace with the
demands of the labor market.”