Nama’a Development and Microfinance Foundation Concludes "Financial Risk Management" Training Program for 17 Participants
Sanaa, Wednesday, 18 Muharram 1445 (July 24, 2024) — Nama’a Development and Microfinance Foundation, in collaboration with Nama’a Microfinance Academy, successfully concluded a comprehensive training program on Financial Risk Management for 17 employees. The five-day program, consisting of four-hour sessions each day, was especially for financial management staff, audit and risk management personnel within the general administration, account managers, as well as audit and risk managers across various regions and branches of the foundation.
The program aimed to bolster participants' skills in identifying, forecasting, and effectively managing financial risks, all in accordance with a robust scientific methodology. Dr. Khaled Jaadan, Executive Director of Nama’a Development and Microfinance Foundation, emphasized the significance of this initiative as a testament to the foundation's commitment to enhancing the capabilities of its workforce, thereby positively impacting their overall performance.
Highlighting the importance of the training, Dr. Jaadan underscored its focus on risk-related topics, forecasting mechanisms, and strategies for mitigating the impact of financial risks, recognizing these as crucial aspects for any foundation's operations. Dr. Khaled Aziz, the course trainer, commended the active participation of the attendees, noting the program's emphasis on critical areas such as financial and cash diagnostics, financial risk assessment, root cause identification, risk probability forecasting, and proactive risk management planning.
The training program concluded with handling out of certificates of participation to all attendees, marking the successful completion of the initiative.