ENF and Bank of Jordan Sign Partnership Agreement for University Education

Amman, February 2017 – the Elia Nuqul Foundation (ENF) has signed a partnership agreement with Bank of Jordan, through whichthe bank will offer university scholarships to students in banking and management.

Students will be selected in accordance with clearly set criteria related to applicants’ academic performance and socio-economic situation. The Bank will provide tuition fees and a monthly stipend, whereas ENF will engage students in capacity building programs and training opportunities, offering them hands-on experiences, and enhancing their professional and personal life skills.

Signing on behalf of the Foundation was Chairman of the Board Ghassan Nuqul, and on behalf of the Bank of Jordan was Shaker Fakhouri, Chairman of the Board.

Nuqul thanked the Bank of Jordan for their contribution to the development of Jordanian youth, by giving them the opportunity to pursue their university education. He pointed out that the Foundation has been keen to strengthen its strategic partnership with the banking sector in recent years to benefit ENF scholars.

 “Signing this agreement is an indication of the trust that the various institutions have placed in the Foundation, especially since the change we strive to create will only be achieved by enabling our youth to obtain the appropriate education, one that is compatible with the needs of the labor market. Seeing that 71% of the Foundation’s scholars find employment upon graduation only proves that the we are indeed on the right track" Nuqul added.

Saleh Hammad, the General Manager / Chief Executive Officer of Bank of Jordan, noted that this partnership stems from the Bank’s  commitment to social responsibility. "The Bank of Jordan has always contributed to the development of the education sector, due to its instrumental role in creating the change we want to see in the next generation  – a generation that is capable of giving and achieving excellence. The Bank has partnered with ENF in view of its role in developing the personal and practical skills of Jordanian youth, thus increasing their chances of entering the labor market."

He added that "the Bank seeks to implement a number of initiatives aimed at enhancing cooperation, as well as building strategic partnerships with national institutions that focus on sustainable development activities and have a significant impact on society.