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Al-Maarifa University, represented by His Excellency Mr. Abdulaziz Abu Bakr, Vice Chairman of the Board of Directors - CEO and Managing Director, signed an agreement to launch the Educational Finance Fund with the Sulaiman Al-Rajhi Foundation for Development Finance, represented by His Excellency Mr. Muhammad Al-Khamis, CEO of the Foundation, on Sunday, 1/26/2020 AD, to provide programs Facilitated financing for students under the Qard Al-Hassan system
The agreement comes to support cooperation in educational financing services, and to provide opportunities to study in higher education with a flexible payment mechanism without interest for the beneficiary, which contributes to granting greater opportunities to continue education for the groups targeted by the fund.
The signing ceremony was attended by His Excellency Professor Dr. Walid Abu Al-Faraj, Director of the University, and from the institution’s side, His Excellency Dr. Abdul Rahman Suleiman Al-Rajhi, Chairman of the Board of Trustees, and a group of officials from both parties.
The agreement is considered a cornerstone and a true partnership between the two parties that will be launched in order to serve the student and society, as it will facilitate the payment of the burden of the size of the educational costs on families, in easy installments that take into account the income level of these families in sharing support for private higher education with the private sector.
