His Excellency Prof. Dr. Abdulrahman bin Hamad Al-Dawood, UQU President, received on Monday morning, 9/6/1441 A.H., in his office at the headquarters of the University City, His Excellency Mr. Mohammed bin Abdullah Al-Qwaiz, Chairman of the Capital Market Authority, and his accompanying delegation. The UQU President presented a brief overview of the university, its colleges, students, programs, academic accreditations, and achievements of the university, and presented a commemorative shield to His Excellency the Chairman of the Authority, expressing his expectations to deepen the future partnership between the two parties.
The university, represented by the Deanship of Student Affairs, held an open meeting for university students with the head of the Capital Market Authority, in Hall B for male students and the College of Economics and Administration Hall for female students, in the presence of the UQU Vice President for Educational Affairs, Dr. Muhammad Al-Obayeb, the Dean of Student Affairs, Dr. Ali Al-Aqlaa, a number of college deans and faculty members, where the meeting was moderated by Prof. Dr. Abdullah bin Abdulrahman Al-Baridi, professor of organizational behavior at the College of Economics and Administration.
The meeting started with a summary of the Saudi financial market presented by Ms. Lama Al-Adel, Advisor to H.E. the Chairman of the Capital Market Authority, during which she reviewed an overview of the financial market, its role, a comprehensive definition of the financial market, the benefits of the financial market, the components of the financial market, the difference between the responsibilities and roles of the CMA and the infrastructure institutions, the most prominent achievements of the financial market, and the current status of the Saudi financial market in terms of size, liquidity and the regulatory market.
After that, H.E. Mr. Mohammed bin Abdullah Al-Qwaiz spoke about the CMA in general, where he emphasized the importance of the role played by the CMA by supervising the regulation and development of the financial market, and issuing the necessary regulations, rules and instructions to apply the provisions of the Capital Market Law, with the aim of providing the appropriate climate for investment in the market, increasing confidence in the market, ensuring proper disclosure and transparency for listed companies, and protecting investors and dealers in securities from illegal acts in the market.
"Alquwaiz" also presented an overview of the CMA's Outstanding Graduates Qualification Program, which comes out of the CMA's belief in its social responsibility to raise the level of knowledge and skills in the technical and regulatory aspects in the field of securities among graduates, to a level that enables them to enhance their chances of obtaining jobs in the financial market sector, in addition to qualifying those on the job, facilitating the obtaining of professional certificates, developing job merit and raising the level of knowledge.
The Chairman of the CMA Board emphasized that the financial market is the desire of many graduates to work in it, or to work in the public sector in general, pointing out that the sector has now been localized by 90%, as the financial sector has become the first stop for many ambitious young people, whether those who want employment or young people who think about becoming an entrepreneur, and the financial market is the main stop for young men and women to finance them.
During the meeting, Al-Qwaiz stressed the importance of students' participation in any field in which they excel, and the importance of academic excellence for students of the initial stages at the university, stressing the importance of participating in accounting clubs and extracurricular activities, to deal with an environment that suits their abilities and qualifies them for the labor market, extending his thanks and appreciation to the university for organizing this meeting, praying to Allah Almighty for success and success for all students and all the sons of the nation.
This meeting held by the university comes as part of the Kingdom's Vision 2030, which aims to provide an incubator environment for business, expand the economic circle, attract global investments, enhance the culture of investment among all segments of society, and achieve optimal investment through educational institutions with the support of ministries and government agencies, as the university contributes to achieving this vision through participation and keeping up with the latest international and national educational standards to graduate young men and women qualified to keep pace with labor market developments, and because the Capital Market Authority in the Kingdom has a prominent role in introducing the financial market and its products and areas of investment.