Al Masraf signs MoU with Fazaa

The Arab Bank for Investment & Foreign Trade (Al Masraf) has signed a Memorandum of Understanding (MoU) with the Social Solidarity Fund for the Employees of the Ministry of Interior, as part of the ongoing efforts to enhance coordination and cooperation between the two parties.
Under the MoU, Al Masraf employees will have easier access to the services offered to 'Fazaa Programme' membership card holders, which cover a wide range of services and basic needs. The agreement was signed by Ahmed Alrefaei, COO at Al Masraf, and Major Nayef Al Shamsi, CEO of the Fazaa Programme.
Alrefaei said: "It is our pleasure to work with the Social Solidarity Fund for the Employees of the Ministry of Interior to secure the membership of Al Masraf employees in the Fazaa Programme and give them access to the many services and benefits it provides. The signature of the MoU comes as part of our initiative to ensure the happiness of our employees. It is a new step in the journey of Al Masraf towards implementing the best practices with regard to the wellbeing and quality of life of its employees, instilling a culture of happiness and spreading positivity in the workplace. This constitutes a major priority for us, and it is a primary indicator of the success of our business model. Fazaa Programme is a model for social partnership, which provides a wide range of discounts and facilities offered by the Programme's partners from various economic sectors."
By signing this MoU, Al Masraf seeks to give its employees access to a bundle of services that would reduce their financial burdens and facilitate their lives. This, in turn, would promote organisational happiness and spread positive energy among employees, Alrefaei said.
"The partnership between Fazaa Programme and Al Masraf is an example of institutional cooperation between the banking sector and public authorities. It is a reflection of the Ministry's keenness on instilling the concepts of giving and social solidarity and on widening the scope of beneficiaries having access to the services provided by the Solidarity Fund," said Major Nayef Al Shamsi.
- business@khaleejtimes.com