The Family Affairs Council signed a memorandum of understanding with the Saudi Company for Economic and Development Holding Company (SEDCO), represented by the Social Responsibility Division, to spread and consolidate the culture of financial awareness among family members and work to develop and disseminate the financial awareness program (Riyali) to achieve its goals related to the empowerment of family members. family members and work to develop and disseminate the financial awareness program (Riyali) to achieve its objectives related to empowering family members with the necessary skills in the field of financial planning and Spreading the culture of saving and rational consumption to contribute to raising the percentage of family savings from 6% to 11% of total income, in line with the Kingdom’s Vision 2030, with the support of the Council of Family Affairs. to promote integration and joint cooperation with all sectors to enable the Saudi family to play its role in sustainable development and preserve its structure and financial resources. The areas of cooperation between the two parties, according to the memorandum, include benefiting from the expertise of the Council and its database and aligning it with SEDCO’s services in the financial awareness program (Riyali) through several axes, the first of which is awareness and education, preparing and implementing training programs related to the objectives of the memorandum, in addition to In addition to creating the electronic environment for training and finding the best means to develop the content of the Riyali program, which the Council will work on according to the best standards that enable the program to succeed and enhance the chances of reaching the targets and stakeholders to achieve expansion, sustainability and positive impact.

On this occasion, the Secretary General of the Family Affairs Council, Dr. Hala bint Mazeed Al-Tuwaijri, stressed that this memorandum comes within the framework of the Council’s work roles to achieve the objectives of the Kingdom’s Vision 2030 through cooperation and coordination with government and private sectors in initiatives and programs directed to the family and all its components, and in the context of the efforts undertaken by the Council to raise family awareness in all fields, including the economic field to enable families to save and consume wisely and preserve and develop the family’s financial resources. Mr. Hassan Al Jabri, CEO of SEDCO Holding, said: “SEDCO designed the Riyali program to instill a culture of financial awareness among different segments of society and empower them with financial planning. We look forward to working with the Family Affairs Council to promote and develop the concept of financial awareness among families and enable them to manage their personal finances and create budgets in a way that helps them increase the savings rate, in line with the Kingdom’s Vision 2030, in order to benefit them, their families and the community.” He stressed the company’s commitment to promote and spread the concept of financial awareness and develop programs aimed at achieving long-term positive results that aim to create a sustainable social impact in the Kingdom.