Press Releases

<p>In partnership with Riyad Bank, the Saudi Center for Social Responsibility launched the (Savings Culture) initiative, which comes in cooperation with the Banking Information and Awareness Committee of Saudi Banks. It aims to spread the culture of savings and financial planning among members of society, and contributes to achieving the vision of "Saudi Arabia 2030" through one of the most prominent axes of the vision and the financial sector development program, which is concerned with raising the percentage of families' savings of their total income from 6% to 10%.</p><p>The initiative includes the implementation of a number of programs and events, including training courses, workshops, seminars, and awareness materials, presented by a group of carefully selected trainers with high experience and competence, through two phases, the first remotely (virtual), and the second realistically with all the required precautions. Certificates distributed to the beneficiaries, prizes and some advantages that benefit participants in the initiative, and expected that the number of beneficiaries of this initiative will reach more than 100,000 beneficiaries from various government agencies, in addition to a number of educational institutions.</p><p>This partnership is part of Riyad Bank's strategy for social responsibility "Bokra", which aims to provide practices with values and advantages in line with the vision of "Saudi Arabia 2030" and the United Nations goals of sustainable development. Believing in the importance of educating the community regarding financial matters, spreading the culture of savings, and making it a culture of society and an important social component, which contributes to achieving security and financial stability for families and individuals, and helps to raise the pace of investment and development.</p><p>It is worth noting that Riyad Bank had previously introduced the "Wazen" automatic savings program. An innovative digital service that aims to help individuals save smartly, and create a balance between expenses and savings by deducting an amount for savings with every disbursement that the customer makes and automatically transferring these savings at the end of the day to a Wazen savings account, with the possibility of converting their savings into an investment at the same time, it provides the advantage of linking the program to the savings account with a return and obtaining returns on the value of their savings in line with the provisions of Islamic law.</p>