Students at a Saudi Arabian institution will learn about investing through Pakistan’s KTrade app, according to official
In Karachi, KTrade, a prominent online educational application in Pakistan, is on the verge of integration into classrooms at Saudi Arabia’s Prince Mohammad bin Fahd University (PMU). The platform aims to educate Saudi students on stock investment and savings, according to a top official from KTrade.
Established in 2021, KTrade operates as a modern stock and commodity brokerage, garnering over 1 million downloads globally and operating in Pakistan and the United Kingdom (UK).
In an interview with Arab News, KTrade Pakistan’s Chairman Ali Fareed Khwaja revealed that an agreement had been inked with PMU in November. The private, non-profit university in Al-Khobar, Saudi Arabia, is set to incorporate the KTrade app into their classroom teachings on stock investment and savings.
Highlighting KTrade’s educational role for Saudi youth, Khwaja emphasized partnerships with universities to facilitate financial literacy. The company had previously signed an MoU with ANB Capital, a subsidiary of the Arab National Bank, focusing on educating Saudi youth about financial concepts.
Operating its Saudi operations from Pakistan in terms of technology, marketing, and research, KTrade views this endeavor as an opportunity to leverage Pakistani talent for serving Saudi youth.
Khwaja articulated KTrade’s excitement in sharing equity research on Saudi Arabia with global investors while discussing potential investment opportunities in Pakistan.
Regarding their entry into the Saudi market, Khwaja depicted Saudi Arabia as the “most exciting market” globally, with a daily stock market trade exceeding $1.5 billion. This move aligns with Saudi Vision 2030, aimed at diversifying the country’s economy beyond oil exports.
The Vision 2030 plan seeks to elevate various sectors, including health, education, infrastructure, recreation, and tourism. KTrade aims to contribute to this vision by empowering Saudi youth with financial knowledge.
Khwaja also highlighted KTrade’s indirect contribution to job creation for Pakistanis, as some clients, introduced to KTrade services, ended up hiring Pakistani talent, recognizing the potential within the country.
Moreover, KTrade’s entry into the Saudi market facilitates Saudi investors in exploring investment avenues in Pakistan. Khwaja emphasized Pakistan’s pursuit of foreign investment, particularly in mega projects through privatization, where KTrade plays a role in informing Saudi investors about potential investment assets in Pakistan.