The Saudi Tadawul Group and Sahm Capital have collaborated to introduce the Invest Wisely Programme, aiming to enhance financial literacy.
Scheduled for launch in the latter half of this year, the programme intends to furnish participants with essential skills and knowledge required for successful investing.
“As Saudi Arabia progresses towards a more institutionalised market with increased participation, well-informed and equipped investors will be empowered to make more informed investment decisions,” stated Hadeel Bedeeri, General Manager of Sahm Capital.
The virtual platform will offer participants the chance to learn, interact, practice, and compete in a simulated trading environment resembling real-life stock market trading experiences.
The comprehensive programme includes investment workshops, access to educational materials, and an advanced trading simulation platform enabling participants to create virtual portfolios and gain valuable trading experience on the Saudi Exchange.
The announcement was made at the recent Capital Markets Forum in Hong Kong, gathering industry leaders to discuss the future of global capital flows.
Moreover, a competition will allow participants to showcase their trading skills and knowledge, with prizes generously provided by Sahm Capital.
Sahm Capital leads the way in online brokerage services
Established in 2022, Sahm Capital swiftly emerged as a trailblazer in the online brokerage sector. In October 2023, the firm received final approval from the Capital Market Authority (CMA) to offer dealing, advising, and custody services in Saudi Arabia, becoming the first international online brokerage firm to do so in the country.
Sahm Capital’s flagship Sahm App, launched in December 2023, has gained significant popularity, ranking among the top three free financial apps on Google Play. The app features a unique function enabling users to seamlessly switch between Saudi and US stock accounts in real-time, facilitating effortless trading and currency conversion.
