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Following the signing of a Memorandum of Understanding (MoU) between Qatar Stock Exchange (QSE) and INJAZ Qatar, 50 students graduated from the pilot phase of the financial training program today. The program developed, is part of INJAZ Qatar’s Financial Literacy pillar and aims to raise awareness about the mechanism of the Stock Exchange and its role in the economy.
The program was delivered to 50 students from Khalifa Secondary School and Ahmad Bin Hanbal Secondary School for Boys by (NAME). The initiative was undertaken over a number of five separate classroom sessions that concluded by a visit to the QSE, in which students got to see and experience the practical side of what they have learned in class.
The program is a combination of practical and theoretical learning; students were given the possibility to role play on the one hand while attending regular class room sessions on the other. During the first session, students learned about the notion of the “company” and the various departments found in modern company structures. The second session covered how companies finance their operations and projects; students were introduced to the notion of “liquidity” and the different ways companies use to raise funds. During the third session, students were introduced to stock issuance as one of the three main financing options available to big companies today. The fourth session provided further insight into stocks and the mechanisms of how they trade in the exchange market. Finally, in the last session, students learned about corresponding professions available in the stock exchange and financial institutions in general.
Mr. Hussain Mohammed Al Abdulla expressed his satisfaction with the fruitful cooperation between QSE and INJAZ Qatar and stated that this successful training session is a translation of MoU signed between the two parties. He added that the QSE is actively participating in nation-building activities in its capacity as a well-established and prestigious national institution in the State of Qatar.
“In line with the human, economic and social pillars of QNV 2030, QSE is keen to cooperate with the local activities and contribute to such development activities and training programs designed to help the link between educational output and the professional life,” Al Abdulla concluded.
Commenting during the graduation ceremony attended by representatives from QSE and INJAZ Qatar, Emad Al-Khaja, CEO of INJAZ Qatar, said: “I’m really grateful to see INJAZ Qatar’s students develop a sense of financial literacy and learn from experts at QSE. As part of our ongoing collaboration with QSE, we are aiming to launch more training programs to help students succeed in a global economy. After successfully delivering the pilot phase we are now ready to finalize the overall plan and launch the program during the next academic year 2016/2017. To measure short term success, we have conducted pre and post tests with the students, before and after the delivery of each course; and I’m happy to say that the results were spectacular”.
INJAZ Qatar and the QSE have pledged to work together in the fields of education, training and community development. Both organizations will work on delivering programs that will educate students in terms of the importance of the securities market as well as the benefits and risks associated with investments.
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