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The award is considered to be the first of its kind in the Arab world, and it aims to enable the financial sector to be a contributor to sustainable development in the Arab countries by continuously assessing adherence to standards of excellence related to the financial sector at the level of government institutions in the Arab countries and enhancing the level of competition.
In a speech, Sheikh Rashid bin Saqr Al Qasimi, Director of the Central Finance Department and Secretary General of the Award, stated that the award represents a qualitative improvement by translating the Sharjah government's directives based on the vision of His Highness Sheikh Dr. Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, on the significance and necessity of adopting initiatives aimed at developing the capability of institutions and individuals and qualifying them to play a vital and pivotal role in supporting the economy and investing money to serve people and sustain a decent life for them.
The award included 17 different categories, containing 9 institutional categories and 8 individual categories. The second edition witnessed a remarkable Arab turnout, with the participation of 14 Arab countries, including the United Arab Emirates, the Arab Republic of Egypt, Jordan, Morocco, Palestine, Tunisia, Sudan and the Kingdom of Saudi Arabia, Sultanate of Oman, Kingdom of Bahrain, Qatar, Algeria, Syria and Iraq.
Sharjah Crown Prince honored the winners in various categories, where the category of the distinguished entity in public finance, the Directorate of Administrative and General Affairs of the Moroccan Ministry of Economy and Finance won, and in the category of the distinguished entity in electronic financial systems and applications, the Department of Finance in the Government of Dubai won first place. As for the distinguished entity category in the management of financial projects, it was won by the Egyptian Tax Authority, and in the category of the distinguished entity in financial innovation, it was won by the Sudanese-Jordanian Al-Jazira Bank from Sudan. As for the category of the distinguished entity in control, auditing and risk management, it went to the Royal Jordanian Geographical Center, while it won the award for the entity category distinguished in providing financial banking services, the Eskan Bank from the Kingdom of Bahrain, and in the category of distinguished entity in managing pension funds, the Abu Dhabi Pension Fund won first place.
The Crown Prince also honored the winners in the individual categories, namely: Bassem bin Muhammad Al-Qabtan, with the first place in the category of the distinguished Arab financial manager, and Nawal Ahmed Abdul Qadir Al-Bakri won the second place, Maryam Ali Al-Marri came in the third place, and the first place for the category of the distinguished Arab budget manager token by Mona Bejman Al-Marzouqi, and the second palace won by Haitham Abdel-Al Abdel-Moati. The third place went to Nisreen Abdel-Majid Habayeb, and Ayman Yassin Mahmoud won the first place in the distinguished Arab tax manager category.
As for the category of Distinguished Arab Account Manager, Lieutenant Colonel Dr. Abdullah Ali Al Barakat won the first place, and Muhib Jibrail Gad came in second place, and Ahmed Jamil Thaminat came third. In the category of Distinguished Arab Electronic Financial Systems Manager, Maqrani Hayat came in first place, and Osama Youssef Abdel-Maqsoud Youssef came in second place. As for the distinguished Arab Procurement Manager, Noha Taher Abul-Gheit won the first place, and at the level of Distinguished Arab Financial Controller, Maryam Khalifa Dasmal Al-Marri achieved the position. Dr. Nashwa Sharaf Al-Din came in second place, while Iyad Omar Al-Rawadhiya came third. In the distinguished Arab accountant category, Ahmed Abdel-Hamid Muhammad Al-Salamouni won the first place, and Walaa Rabih Abdel-Azim Ahmed won the second place, while Lana Abdel-Rahim Salam came in the third place.