As part of its social responsibility initiatives, Capital Bank will be working with the Al-Aman Fund for the Future of Orphans to provide 10 scholarships for undergraduate study as a response to the organization’s campaign to support orphans in attaining a university education or vocational training. This comes on the occasion of the organization’s tenth anniversary, which was launched by Al-Aman Fund to assist orphans in education and other fields.
The agreement to provide the scholarships was signed by Mr. Haytham Kamhiyah, General Manager of Capital Bank, and Mr. Ibrahim Al-Ahmad, General Manager of the Al-Aman Fund for the Future of Orphans.
The agreement provides financial support to the Al-Aman Fund for the Future of Orphans to cover yearly tuition fees for 10 beneficiaries of the Fund throughout the duration of their studies, thus strengthening the Fund's work in empowering young orphans leaving their care homes.
For his part, Mr. Kamhiyah expressed his delight in signing this agreement, which will enhance the Bank's contribution to this important humanitarian initiative, and reaffirm the impact of the private sector in community development, especially in the educational and vocational field. The initiative will push forward the Royal vision, which aims to enhance partnerships between the public and private sectors in developing and providing services for the local community.
Mr. Kamhiyah also stated that Capital Bank esteems its continued cooperation with the Al-Aman Fund for the Future of Orphans, which comes within the framework of the Bank’s programs for social responsibility and efforts towards sustainable community development. These social responsibility initiatives are what drive the Bank’s support for these orphaned students, to open new prospects for these young men and women and to enable them to enter the labor market.
Mr. Al-Ahmad praised this cooperation with the Capital Bank, stating, "The agreement represents an extension of the joint cooperation between the Fund and the Bank in order to achieve stability for orphans leaving social welfare institutions at the age of eighteen, through providing them with material support to complete their university studies.”