Tuesday 10, March 2009 by
Occupational Savings Scheme detailed by CBB
The initiative is being described as a response to the needs of the financial sector within the Kingdom of Bahrain. Mohammed Ayman Al Tajer, Director of Financial Institutions Supervision Directorate, CBB, stated that, "The occupational saving scheme is a plan established by the employer, in the form of a financial trust, for the purpose of providing saving benefits to its employees, through engaging experienced and specialized asset management firms." He added: "the schemes aim at encouraging employees to save as well as enhancing loyalty among employees towards their institutions.
