Financial literacy is key to women’s liberty, Princess Reema bint Bandar says

Saudi Ambassador to the US Princess Reema bint Bandar was taking part in the Rockefeller Foundation campaign. (The Rockefeller Foundation)
Updated 11 July 2019

Financial literacy is key to women’s liberty, Princess Reema bint Bandar says

  •  “My goal is to educate women on financial literacy,” the Saudi diplomat said
  • “I truly believe that liberty for a woman comes from the ability to make the financial decisions for her life”

DUBAI: Financial literacy and self-sufficiency can empower women in many ways, Saudi Ambassador to the US, Princess Reema bint Bandar said in a video campaign by the Rockefeller Foundation.

“Today more and more women are entering the workplace, but they still don’t have the education to make the correct financial decisions for themselves,” she explained.

The princess was appearing in video released on Tuesday, as part of the Rockefeller’s “Solvable” campaign, involving experts and leaders from all around the world talk about a specific issue they are passionate about, and what they are doing to solve it.

She said that during her time in retail, many of her female employees would approach her about their financial issues, prompting her to realize that something had to be done “to give women access to the right tools and training” to overcome these problems.

 “My goal is to educate women on financial literacy,” the Saudi diplomat said, talking about Alf Khair, a social enterprise she founded in 2013 to “educate, train, and develop the skills” of Saudis.

At the organization, they teach women how to be self-sufficient through workshops and seminars.

“I truly believe that liberty for a woman comes from the ability to make the financial decisions for her life,” she said.

Princess Reema is the Kingdom’s first female ambassador, and had been the vice president of women’s affairs at the General Sports Authority before her appointment. She graduated with a bachelor’s degree in museum studies from George Washington University.

Watch the video here:


Tadawul index records highest close since July 2019 on Sunday

Updated 30 November 2020

Tadawul index records highest close since July 2019 on Sunday

  • Total trading reached $3.17 billion

Saudi Arabia’s benchmark Tadawul All Share Index (TASI) rose 0.2 percent, or 15 points, to end at 8,709 points on Sunday, the highest closing since July 2019.

Total trading reached SAR 11.9 billion ($3.17 billion), with the advance-decline ratio at 146:44.

SPIMACO rose 5.5 percent to SAR 43.05. The company signed a non-binding memorandum of understanding with German biopharmaceutical firm, CureVac, to provide COVID-19 vaccine in the Kingdom.

Electrical Industries closed 5.6 percent higher at SAR 24.26, as the firm completed the final phase of share buyback for SAR 7.2 million.

Naseej went limit up to close at SAR 33.

Oil giant Saudi Aramco fell 0.4 percent to SAR 35.75, while banking major Al Rajhi slipped 0.3 percent to SAR 74.

Blue chip SABIC edged down 0.3 percent to SAR 96.50.

Alandulas was the top decliner, shedding nearly 2 percent to SAR 21.08.

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