Riyali program educates school children on money matters
SEDCO Holding Group recently hosted various activities for its Riyali financial literacy program during Global Money Week 2018 under the theme of “Money Matters Matter.” These are part of a 2017 agreement with the Ministry of Education to reach up to two million beneficiaries by 2020.
Riyali teams visited various boys’ schools in Makkah and conducted lectures, talk shows, and interactive discussions around balanced spending and the value of saving money, in addition to collaborative skits presented by elementary students to reinforce the principles of financial planning and budgeting. The visits also included girls’ schools to educate them on the culture of savings, investment and to empower them with the necessary personal financial skills to manage loans. The campaign has also utilized social media networks to educate the community with daily tips and advices.
Amr Banaja, senior vice president marketing and corporate responsibility at SEDCO Holding Group, said: “We are committed to implementing Riyali financial literacy program in line with our agreement with the Ministry of Education, with an aim to educate two million students across schools and universities by 2020. The response by the target groups and school students was positive, which confirms the need for an integrated financial awareness program in the community.”
He added: “We have also extended several training courses this year within Riyali Ashbal program, which focuses on enhancing the guidelines of sound financial transactions and encouraging a positive behavior within the financial culture through interactive workshops. This will help establish a financially conscious generation that is prepared for positive interaction in financial transactions, in addition to being knowledgeable about all matters related to money management in their daily lives.”
Riyali has also partnered with “Al-Oula,” a non-profit organization in Jeddah, to train children between ages 9-12 on money management. Several activities were conducted including a session on the basics of financial management and the concept of saving in a simplified structure that suits the age group. The children also participated across various competitions and colored their money boxes.
Global Money Week is a worldwide annual celebration, with local and regional events and activities aimed at inspiring children and youth to learn about money, saving, creating livelihoods, gaining employment, and becoming an entrepreneur.