NCB Capital sponsors financial education lab at Effat University

Press release
Published December 14th, 2014 - 08:29 GMT

NCB Capital, the leading provider of wealth management services in the GCC and Saudi Arabia’s largest asset manager, has sponsored a new fully equipped state-of-the-art lab at Effat University in Jeddah as part of its commitment to spread financial literacy among Saudi Youth.

The lab comprises of 25 computer machines and includes hardware and software utilizing the latest technologies which help students to monitor financial markets and train them on making sound investments.

Speaking at the inauguration ceremony, Sarah Al-Suhaimi, CEO of NCB Capital, said: “The education sector is a key part of NCB Capital’s corporate social responsibility activities, and by sponsoring this initiative, we aim to forge a collaborative relationship with Effat University in order to support a high level of financial knowledge among the students, and to also introduce them to the world of investment.”

“This initiative is all the more important since an increasing number of employment opportunities are opening up to women, enabling them to play their part in the Kingdom’s social and economic development, and the new lab will enhance the capabilities of the university’s students to understand and effectively participate in capital markets” she added.

Concluding her comments, Sarah Al-Suhaimi said: “Successful women have the power to make a difference and through its excellence in higher education, Effat University plays a leading role in advancing women’s empowerment in the Kingdom.”

Expressing the university’s appreciation of NCB Capital’s support, Dr. Haifa Reda Jamal Al Lail, President of Effat University, said: “Creating savings awareness and developing money management capabilities are of vital importance for young people and we thank NCB Capital for sponsoring this lab, which will be invaluable in helping our students to learn investment skills and start out on life equipped with the knowledge to build a financially secure and prosperous future.”

Background Information

NCB Capital Company

NCB Capital was founded in 2007 as the investment banking and asset management arm of the National Commercial Bank (over 90% ownership), providing clients with premier solutions of integrated investment services. Today, NCB Capital is the largest Asset Manager in the Kingdom of Saudi Arabia and the largest Sharia compliant Asset Manager globally with over SAR140 billion of assets under management.

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