Saudi women ‘taking control of their finances’

More than 50 women attended the event, hosted by global finance group Jersey Finance.
Updated 26 May 2018
0

Saudi women ‘taking control of their finances’

  • Women are taking a much more direct and hands-on role in wealth management
  • Jersey Finance was established in 2001 to promote Jersey and work with foreign direct investment

JEDDAH: Women in Saudi Arabia are taking more control of their finances in both their personal and professional lives, according to a leading UK finance expert.
Amy Bryant, deputy chief executive officer at Jersey Finance, said the knowledge on wealth management gained by the current generation of Saudi women would also “influence the approach future generations take toward their finances.”
Bryant was speaking on the sidelines of a women-only talk hosted by Jersey Finance, the global finance group.

Growing demand
More than 50 women attended the event, Jersey Finance’s fifth in partnership with the Department for International Trade — but this was the first female-only talk.
The event was organized in response to the growing demand by Saudi women for greater control over their financial future.


The event’s keynote speaker was Ida Beerhalter, co-head of IOME, a Riyadh-based private investment partnership of women principals from the GCC region.
Topics included: Learning about and managing finance as a woman; understanding and managing offshore accounts; wealth protection for the future and succession planning; living with newfound wealth; the impact of children’s decisions — financial and otherwise — on family wealth; and the effect of health on wealth and finances.

Wealth management
“As the Saudi landscape evolves, the level of enthusiasm displayed at events such as this shows that more women are looking to become involved in business, their own finances and that of their family,” Bryant said.
“Women are taking a much more direct and hands-on role in wealth management — or at least educating themselves more on the subjects — in the scope of both their personal and professional lives. This knowledge could also influence the approach future generations take toward their finances,” she said.
Jersey Finance was established in 2001 to promote Jersey and work with foreign direct investment. The non-profit company aims to create a safe and secure environment for investors and families, and also works to strengthen local and international companies.
The finance group has increased its investment in the region, in particular with Saudi Arabia.
In recent years, it has collaborated with the British Embassy in Riyadh and the British Consulate in Jeddah to host annual receptions, and also developed relationships with key industry professionals.


Riyadh to host forum to observe World Heritage Day next year

Riyadh hosts the sixth National Urban Heritage Forum in April with its focus on investment opportunities in the urban heritage. (Reuters)
Updated 19 October 2018
0

Riyadh to host forum to observe World Heritage Day next year

  • Forum will encourage private investment to capitalize on the country’s rich urban heritage
  • Saudi Commission for Tourism and National Heritage hosts the forum each year in a different part of the Kingdom

RIYADH: The Saudi capital will host the sixth National Urban Heritage Forum (NUHF) next April to coincide with World Heritage Day, with its focus on investment opportunities in urban heritage.

“The four-day National Built Heritage Forum will be launched in Riyadh on April 15,” said Majed Alshadeed, a spokesman for the Saudi Commission for Tourism and National Heritage (SCTH), on Thursday, adding that the forum will culminate on April 18, World Heritage Day. World Heritage Day is celebrated every year on April 18 with the aim of preserving the human heritage and recognizing the efforts of the relevant organizations in the field.

Organized by SCTH under the umbrella of the Custodian of the Two Holy Mosques Cultural Heritage Program, the 6th forum will encourage private investment to capitalize on the country’s rich urban heritage.

The forum will look at developing business models in the management and development of — and investment in — urban heritage sites, as well as the development of crafts and handicrafts.

The heritage forum is organized each year by the SCTH in a different province in collaboration with the relevant governorates, municipalities and local universities, following the recommendations of the first International Conference for Urban Heritage in the Islamic Countries, which was held in Riyadh in 2010.

The first session of the NUHF was organized in Makkah province, the second in the Eastern Province, the third in Madinah province, the fourth in Asir province and the fifth in Al-Qassim province.

Next year’s forum seeks to invest the expertise, knowledge and experience that the SCTH has gained and transfer it to the four economic sectors working in urban heritage. These sectors are construction, restoration and contracting, site operation, human resources development, and services and industries related to urban heritage.

The forum will include the distribution of prizes to the projects winning the Prince Sultan bin Salman Urban Heritage Awards, exhibitions, scientific sessions, workshops and business meetings with Saudi and international experts and consultants to discuss investment opportunities in urban heritage. There will also be a specialized expo for companies and institutions working in the sectors of the economics of architectural heritage, restoration and engineering consultancy.