Saudi Tadawul Group, a leading financial markets group in the Middle East and North Africa region, hosted a programme aimed at enhancing financial literacy within various segments of Saudi society, particularly among university students.

Organised by the International Organization of Securities Commissions, with the support of the World Federation of Exchanges, the ‘Ring the Bell for Financial Literacy’ event also highlighted the critical role of innovative educational programmes like ‘Invest Wisely’ and ‘Thameen’ in achieving the objectives of the Financial Sector Development Program under Saudi Vision 2030, which aims to raise financial literacy levels in the Kingdom to 60%.

Nayef Al Athel, Chief Sales and Marketing Officer at Saudi Tadawul Group, said: “We are pleased to take part in the ‘Ring the Bell for Financial Literacy’ event alongside the Capital Market Authority.

“This collaboration reinforces our shared commitment to improving financial literacy in the kingdom. Through educational initiatives like the Invest Wisely programme, we aim to provide comprehensive tools and resources that empower individuals to understand investment basics, enabling informed decision-making and enhancing participation in the Saudi financial market.

Ali Al Dakheel, Director General of Communication and Investor Protection Division at the Capital Market Authority, said: "Financial literacy is a vital tool for building a vibrant and prosperous society. By participating in events like the ‘Ring the Bell for Financial Literacy’, we aim to highlight educational platforms, such as the ‘Thameen’ programme launched by the Capital Market Authority, which seeks to enhance awareness of financial and investment literacy among community members from various backgrounds.”

The ‘Invest Wisely’ programme was launched in 2017 as a comprehensive platform catering to varying levels of investment experience.

It offers a realistic and risk-free trading experience, providing educational resources that cover investment fundamentals, financial statement analysis, financial planning, portfolio management, and investment diversification.

The Capital Market Authority launched the ‘Thameen’ awareness programme in 2018, aligned with its strategic goal of enhancing financial literacy within the market.

The programme seeks to raise awareness about the financial market system and its regulations, educate investors on investment basics, and empower them to capitalise on available market opportunities, positively impacting the national economy. – TradeArabia News Service