The Labour Fund (Tamkeen) has announced its support for Singapore Gulf Bank (SGB), a digital bank backed by Mumtalakat and Whampoa Group.
The initiative aims to enhance the employment of skilled Bahraini professionals in high-value financial services positions and support the bank’s launch of operations in Bahrain.
This support aligns with Tamkeen’s 2025 strategic priorities, which focus on enhancing Bahraini competitiveness in the private sector, equipping Bahrainis with skills for career development, prioritising enterprise growth, digitisation, and sustainability, and supporting the development of the labour market and private sector ecosystem.
Tamkeen chief executive Maha Mofeez reaffirmed the organisation’s commitment to supporting the employment of Bahraini talent in rewarding roles across key economic sectors.
She highlighted the financial services sector, which, at 17.7 per cent of GDP in Q3 2024, is the largest non-oil contributor to Bahrain’s economy.
“Tamkeen’s support will lead to the employment of over 70 Bahrainis at Singapore Gulf Bank, forming the majority of the bank’s workforce,” Ms Mofeez added. “This initiative will provide Bahrainis with exceptional opportunities to gain world-class experience and explore career growth.”
SGB co-chief executive Aureole Foong said, “We are delighted to employ qualified Bahraini talent, which will help us efficiently launch and operate our services while maintaining high-quality standards. We will contribute to Bahrain’s economy by upskilling local talent and strengthening the banking and financial sector with innovative solutions.”
Singapore Gulf Bank will offer comprehensive digital banking services to corporate clients in the digital economy, enabling them to manage traditional and digital assets on a single platform.
It will also offer global clients remote digital onboarding solutions.
Tamkeen offers a range of programmes supporting the employment and career development of Bahraini talent, aiming to make Bahrainis the preferred choice for employment and the private sector the engine of economic growth in the kingdom.
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