The Capital Market Authority (CMA) is guiding youngsters to the importance of planning and budgeting in the new issue of its financial awareness magazine for children “The Smart Investor”, a press statement from CMA said.
CMA stated that Issue no.7 of the financial awareness magazine discusses in length a familiar phrase commonly used by children: “Where has my money disappeared?” via the scenarios exhibited by its many characters. Authors of the magazine say they relied on interaction with children about how they spend their money during tours made by “The Smart Investor” staff to many of the public schools in the Kingdom.
CMA published 20,000 copies of the new issue which is set to be distributed freely to pupils during school visits by the staff of CMA’s nationwide program “The Smart Investor”. Contents of the magazine can be viewed or downloaded from the (Awareness Center) on CMA’s official website www.cma.org.sa
Saudi Arabian Basic Industries Company “Sabic” signed an agreement with CMA last May to officially sponsor CMA’s financial awareness program for children “The Smart Investor”.
The bi-annual magazine, which CMA publishes freely as part of its financial literacy programs, aims at raising awareness among children about financial transactions and the importance of saving and investing wisely in a fun and yet savvy way which suits children. Earlier this year CMA announced that it launched the English version of its website of “The Smart Investor” which aims at raising children’s financial awareness as potential future investors in the Saudi market.