The agreement was signed on behalf of Hadhramout Bank by Mr. Abdul Nasser Noman Al-Haj, CEO of the bank, and on behalf of Al-Riyada University by Dr. Saleh Hassan Baoum, Chairman of the Board of Trustees. This collaboration comes in light of the economic challenges facing undergraduate students in Yemen. The project seeks to provide a balanced scholarship model that ensures sustainable financial support and enables the bank to expand its activities in the field of educational and social financing, in addition to motivating students to achieve academic excellence and strengthening institutional commitment. Mr. Abdul Nasser Noman Al-Haj said, "This initiative embodies Hadhramout Bank's commitment to actively contribute to the development of education and the support of young talent. We are committed to investing in programs that serve the community and achieve sustainable development." For his part, Dr. Saleh Hassan Baoum stated, “We commend this partnership, which reflects Hadhramout Bank’s awareness of its national role in supporting university education. Through this partnership, we look forward to enabling more students to continue their studies and overcome economic challenges, contributing to the graduation of qualified personnel capable of keeping pace with the demands of the labor market.”