Financial sector sees changes in products, regulations: ElKuwaiz

Mohammed ElKuwaiz, Chairman of the Capital Market Authority (CMA) 

Mohammed ElKuwaiz, Chairman of the Capital Market Authority (CMA), stated that the Saudi financial sector is experiencing changes in products, channels, and new regulations, as well as its increasing connectivity with other economic sectors.

Speaking at the Financial Academy Forum (FAF 2024) in Riyadh today, ElKuwaiz added that ambitions in the financial sector remain high, emphasizing that there is still much to be done and invested to achieve these goals in both the sector and the Saudi economy.

He noted that since its establishment in 2020, the Financial Academy (FA) has trained over 50,000 individuals from the financial sector. It also offered more than 49 qualification programs and tests, certifying nearly 90,000 professionals in the financial industry. Additionally, it formed partnerships with leading educational and training institutions worldwide.

ElKuwaiz emphasized that the forum contributes to learning from the challenges and opportunities within the sector, particularly the training human resources to effectively address and collaborate on solutions.