JEDDAH — The Smart Investor Program, launched by the Capital Market Authority to spread awareness among youngsters about the positive ways of dealing with their daily financial transactions and saving skills, has concluded its summer activities for this year by participating in Saudi Aramco’s summer festival in Riyadh and Jeddah.
The Smart Investor City was an idea proposed by the program to teach children the difference between bank products, services, currency and the capital market. It also took them on a journey through the history of the Saudi currency and how the Saudi riyal developed.
As for the skills’ side, the financial instructor at the city explained the methods and skills of saving and the best mechanisms to optimize the use of a piggy bank. The city consisted of four routes or tracks where visitors learn by passing through each one.
The journey starts at the Capital Market Route where visitors would watch a three-minute presentation explaining the meaning of a bank and a capital market. It would also explain several terms related to those topics, such as company, shareholder, trading, stock and brokerage.
After that, the instructor would lead them to the Riyals Route. This route includes seven informative boards telling the riyal’s story and how did it develop.
Later, visitors would be led to the Savings Route where they learn about piggy banks, how to use them and how they are considered the most important means of saving.
Finally, the journey ends at the Mobily Route where it would shed light on the best ways to save in mobile phone bills and the optimal use for mobile phones as a first step toward saving. — SG