- On 21/10/2019
The Arab Bank for Investment & Foreign Trade (Al Masraf) 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 Mr. Ahmed Alrefaei, Chief Operating Officer at Al Masraf, and Major Nayef Al Shamsi, the Chief Executive Officer of “Fazaa” Programme, at the headquarters of the Social Solidarity Fund for the Employees of the Ministry of Interior.
Mr. Ahmed 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”.
He added: “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,” Alrefaei added.
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, according to Alrefaei.
Major Nayef Al Shamsi pointed out that “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. Of course, all of this is based on the instructions of His Highness Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister, Minister of Interior and Chairman of the Social Solidarity Fund for the Employees of the Ministry of Interior.”
“Al Masraf employees will receive Fazaa Programme services upon fulfilment of membership terms and conditions. These services include privileges offered by the programme inside and outside the country, as well as discounts in various sectors such as retail sales, hotels, travel, tourism, compensation for personal accidents, car lease-to-own offers, Fazaa shops for food items, Etihad air miles and other services that meet the different needs of members of society,” Al Shamsi added.
It is worth noting that Fazaa Programme is a national initiative launched by the Ministry of Interior’s Social Solidarity Fund, with the support of His Highness Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister, Minister of Interior, and Chairman of the Ministry of the Interior’s Social Solidarity Fund. The Programme aims at promoting social solidarity and achieving the visions and plans of the government, with a view to increasing the happiness index rating, promoting innovation and solidifying the concept of positivity.