Arab Academy for Management, Banking and Financial Sciences signed a joint cooperation agreement in Aden with the Cooperative and Agricultural Credit Bank (CAC Bank), to provide electronic payment services and collect tuition fees for the Academy’s students through various digital systems and modern electronic payment gateways offered by CAC Bank, most notably the (CAC Banki) service.

The agreement was signed on behalf of the Academy by Prof. Dr. Murad Mohammed Al-Nashmi, Deputy Director of the branch, and on behalf of the bank by Acting Chairman of the Board of Directors and Chief Executive Officer, Mr. Hashed Al-Hamdani.

Dr. Murad Al-Nashmi expressed his satisfaction with signing the partnership agreement with CAC Bank for the collection of revenues and tuition fees through the bank’s modern electronic applications, noting that the Arab Academy seeks to build partnerships with all financial institutions, especially those operating in the same sector, in a way that serves society through sustainable development, social responsibility, and economic advancement in the country.

On his part, the CEO of the bank, Mr. Hashed Al-Hamdani, stated that the agreement, signed today in his office in Aden, is part of a series of partnerships the bank has concluded with various public and private institutions in the capital Aden, aimed at integrating payment systems with revenue-generating and service institutions in Aden and other governorates. He emphasized efforts to expand the bank’s modern digital services and achieve financial integration, in line with promoting economic development, growth, and financial inclusion.

The signing was attended by Mr. Mohammed Abu Hatem, Assistant Deputy CEO for Business Development at CAC Bank, and Mr. Mohammed Hussein Abu Sabaa, Secretary-General of the Academy’s Aden branch.