The Financial Academy (FA) and SNB Capital Company (Alahli Capital) inked today a training and research Memorandum of Understanding (MoU) to build up financial and investment awareness. The agreement aims to enable SNB Capital clients to access experts, professionals and training materials that could enhance their investment-related decision-making skills and give them deeper insight into capital market products and tools.

The MoU was signed by Mr. Mana bin Mohammad Alkhamsan, Financial Academy CEO, and Mr. Rashed Sharif, CEO of SNB Capital.

Alkhamsan stated that the agreement has been inspired by the FA leading role of developing and improving the capabilities of the financial sector’s human capital.

“As per the MoU, tailored workshops and training sessions will be offered to SNB Capital’s clients. There will be seminars, workshops and activities for the public as well. The Academy will also provide SNB Capital with reports and research, and carry out joint activities to raise the clients’ awareness of financial issues and products.”

On his part, Sharif commented that the partnership is driven by SNB commitment to step up investor awareness.

“We seek to develop capabilities and potentials, as well as promote and implant financial literacy and awareness in society, which would eventually result in full understanding of capital market products, services and tools. Accordingly, investors would be able to take informed decisions.”

The Financial Academy is an independent legal and administrative entity that is organizationally linked to the Chairman of the Board of the Capital Market Authority. The Academy seeks to qualify the financial sector’s human resources by advancing the knowledge, capabilities, skills and culture of its employees, including senior managers and BoD members in the sector’s institutions. The FA also develops and promotes best professional financial practices, targeting all sub-sectors of the financial sector including banking, finance, insurance, and the capital market.

SNB Capital Company, a licensed entity by Capital Market Authority (CMA), is a leading regional financial institution with deep industry expertise across five business lines: Asset Management, Wealth Management, Securities, Investment Banking, and Principal Investment. SNB Capital is the largest asset manager in Saudi Arabia with SAR 246.19  billion of assets under management as of December 2023.