Jeel and KFUPM Sign Memorandum of Understanding to Reinforce R&D in FinTech

In a landmark collaboration, Jeel as the leading digital revolution in financial technologies and King Fahd University of Petroleum and Minerals (KFUPM) have signed a Memorandum of Understanding (MoU), marking the start of a strategic partnership that aims to foster innovation and talent development in the region. This agreement represents a shared vision to strengthen research and development by co-authoring use cases and exchanging invaluable insights and expertise in fintech and emerging technologies. 

The MoU signing ceremony, held at Jeel's office, marks the beginning of a collaborative effort to empower and enhance the capabilities of aspiring innovators within the region. The partnership is expected to deliver a significant social impact by creating sustainable initiatives that support growth and development. 

Through this MoU, Jeel and KFUPM are united in their commitment to nurturing the scalability of local talent and cultivating a culture of innovation that will shape the future. 

Mr. Amer Rajkhan, CEO of Jeel, expressed affirmation of the partnership's importance, stating “This MoU represents a significant step forward in our mission to create a thriving ecosystem for research and innovation in Saudi Arabia. By joining forces with KFUPM, we can provide unparalleled opportunities for local talent to grow and succeed.” 

Dr. Ali Al-Shaikhi, Vice President of Research and Innovation at KFUPM, echoed this sentiment, saying, “Our collaboration with Jeel aligns perfectly with our vision to drive social progress through education and research. Together, we will cultivate an environment where innovation can flourish, benefiting not only our students but also the wider community.”