Polic TitleFinancial Policy
Last UpdateMay 2025
Policy OwnerFinancial Department
General Framework

The university is committed to implementing an integrated financial policy aimed at achieving institutional sustainability, enhancing efficiency in resource management, and ensuring support for its educational and research mission and service to the community. This policy is based on principles of good governance, transparency, accountability, and long-term financial planning.

The university also seeks to achieve a balance between academic growth and institutional expansion on one hand, and financial stability and risk management on the other.

Objectives of the Financial Policy

The university’s financial policy aims to:

  • Ensure long-term financial sustainability.
  • Maximize the utilization of available resources. – Support strategic expansion and infrastructure.
  • Fund scientific research and innovation.
  • Diversify income sources and reduce reliance on a single revenue stream.
  • Enhance transparency and financial discipline.
Resource and Revenue Management

The university relies on a self-financing model based on its own resources, including academic revenues, special units, and training and consultancy centers, in addition to funding directed toward capital projects based on approved feasibility studies.

The university is committed to allocating resources according to its strategic priorities, ensuring the highest possible educational and institutional return.

Expenditure Management and Cost Control

The university adopts clear policies for managing expenditures aimed at:

  • Rationalizing spending without affecting the quality of the educational process.
  • Improving operational efficiency.
  • Periodically reviewing cost items.
  •  Implementing effective internal control systems
Investment and Expansion

The university directs its investments toward developing academic infrastructure, digital transformation, modernizing laboratories, and establishing new academic programs, in a way that enhances its competitiveness and strengthens its capacity to respond in accordance with approved quality standards

Financial Risk Management

The university is committed to applying a proactive approach to managing financial risks through:

  • Preparing accurate estimated budgets.
  • Monitoring cash flows and liquidity.
  • Evaluating risks associated with expansion and investment. Evaluating risks associated with expansion and investment.
  • Establishing control mechanisms and conducting periodic reviews. Ensuring transparency and accountability.

The university is committed to adhering to the highest standards of transparency in preparing financial reports, while implementing internal control systems that ensure the integrity of financial procedures and enhance trust among all stakeholders.

Institutional Commitment

Financial policy is considered a fundamental pillar in supporting academic excellence and ensuring institutional stability. The university is committed to reviewing and continuously developing this policy in line with best practices in higher education management.

 

Financial Policy.PDF