The American University of Sharjah (AUS) has established the Bank of Sharjah Chair in Finance and Business Administration with a contribution of Dh15 million by the bank.
A recent meeting of the university's Board of Trustees, held at its campus, passed a resolution appreciating the bank as a prominent member of the "Friend of the University" group for establishing the chair.
It said the establishment of the chair will contribute to the enrichment of teaching and research at AUS, as envisioned by His Highness Dr. Shaikh Sultan Bin Mohammad Al Qassimi, Member of the Supreme Council and Ruler of Sharjah, who is also the President of AUS.
The aim of the Chair will be to conduct academic research in the fields of finance and business administration as well as to cater to the increasing demands of the market for qualified graduates in this field.
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Varouj Nerguizian, general manager and executive director of the Bank of Sharjah, said the development of local educational initiatives is a fundamental part of the bank's corporate social responsibility programme.
AUS Chancellor, Dr. Peter Heath, said the endowed chair will help strengthen the ability of AUS' students to meet the challenges of tomorrow while learning the best practices of finance and business administration.
"This chair indicates the Bank of Sharjah's commitment to developing capacity-building programmes for our students in finance and business administration," he said.