Riyadh: Gulf Cooperation Council's (GCC) Secretary-General Jasem Al-Budaiwi emphasized the significance of the "Gulf Smart Investor Award" in promoting financial culture and conscious investment. This statement was made during the 3rd edition of the award ceremony, an initiative of the Gulf Investment Awareness Program "Mulim," attended by Chairman of the Board of the Saudi Capital Market Authority Mohammad bin Abdullah Al-Kuwaiz and several officials from GCC countries. According to Kuwait News Agency, Al-Budaiwi began his address by expressing gratitude to King Salman bin Abdulaziz Al-Saud and Crown Prince Mohammad bin Salman bin Abdulaziz Al-Saud for Saudi Arabia's support of the award and the facilities provided to ensure the success of the Council's work. He acknowledged the support from the leaders of GCC countries for joint Gulf efforts. Al-Budaiwi highlighted the importance of the "Mulim" program in promoting financial literacy and raising investment awareness, describing it as a protective shield f or financial security and sustainable growth. He emphasized that financial awareness serves as the cornerstone for a secure financial future for individuals and society. He noted that such awareness empowers individuals to make informed financial decisions, leading to efficient resource management. Al-Budaiwi also mentioned the positive performance of Gulf financial markets, citing a total market value exceeding USD 4.2 trillion by the end of 2024. An increase in shares traded and their value reflects investor confidence in the Gulf economies. Al-Budaiwi concluded by expressing appreciation to the Saudi Capital Market Authority for hosting the award and its partners in supporting this initiative.
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