Saudi Arabia’s ANB Capital has signed a Memorandum of Understanding (MoU) with UK-based Oxford Frontier Capital (OFC) to launch KTrade, an education technology (EdTech) platform that will educate the Saudi youth on financial concepts and on Environmental, Social, and Governance (ESG) investing.
KTrade’s mission is to promote financial literacy in Saudi Arabia, which is one of the objectives of the Financial Sector Development Program (FSDP) and is in alignment with the Vision 2030 pillar of creating a thriving economy. The platform will offer a gamified experience in investment management. Users will participate in investment courses, earn online certifications, and manage simulated investment portfolios.
Khalid S. Al-Ghamdi, CEO of ANB Capital stated,
Ali Khwaja, the CEO of OFC, commented on the occasion,
ANB Capital, a wholly-owned subsidiary of ANB, is a Saudi capital market institution. Its activities include dealing in securities, arranging corporate finance transactions, advising clients on investments, maintaining custody of securities, managing our clients’ investments, and managing funds that invest in different types of securities or asset classes.
ANB Capital commenced its operations in January 2008 and its paid-up capital as of 30 June 2022 was SAR 1,000 million.
Editorial & Legal Practice Group
Authored and reviewed by the corporate law and tax litigation practice group at Javid Law Associates. Our team comprises High Court advocates, corporate legal advisors, and authorized tax practitioners across Pakistan.
Advocates High Court & Tax Counsel
Jurisdiction: Pakistan