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Livestreamed
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Livestreamed
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Developed collaboratively by the International Capital Market Association (ICMA) and the Financial Academy, this comprehensive ten-day course via livestreamed sessions has been designed to provide participants with a practical understanding of how capital markets function in Saudi Arabia and globally.
Covering both theoretical foundations and real-world market structures, the course explores the roles of key stakeholders, regulatory institutions, and financial instruments including equities, bonds, and sukuk. Participants will gain insights into the primary and secondary markets, learning how issuance and trading are conducted within Saudi Arabia’s unique regulatory and institutional framework. The course also examines the full transaction lifecycle—from issuance to post-trade processes—and introduces essential concepts in risk management and derivatives.
Dedicated sessions on sustainable finance and securities financing highlight Saudi Arabia’s growing focus on green sukuk and repo markets. The programme concludes by exploring future trends shaping capital markets, such as tokenisation, blockchain, and central bank digital currencies.
Designed for professionals at all levels, this course provides learners from both Saudi Arabia and further afield with the tools to navigate Saudi Arabia’s rapidly evolving capital market landscape.
Learning Outcomes
By completing the programme you will be able to:
- Explain the importance and functions of local and global capital markets in supporting the economy.
- Analyse the key features of financial instruments in the Saudi capital markets, including equities, bonds, and sukuk.
- Distinguish between primary and secondary markets and understand issuance and trading mechanisms.
- Describe the transaction lifecycle within Saudi capital markets.
- Understand the basics of derivatives and their role in risk management.
- Comprehend sustainable finance concepts and the types of associated bonds.
- Recognise emerging trends in the local and global markets, such as digital currencies and blockchain technologies.
Who should study this programme?
This programme is designed for early to mid-career professionals working in or with an interest in the Saudi capital markets, as well as international participants seeking a deeper understanding of how these markets operate.
It is particularly relevant for individuals in investment banking, asset management, regulatory bodies, finance ministries, stock exchanges, and market infrastructure institutions. The course is also suited to professionals in legal, compliance, and risk functions supporting market activity. By bringing together participants from Saudi Arabia and abroad, the programme fosters cross-border dialogue, builds local capacity, and supports the development of globally connected capital markets.
Assessment
The exam consists of 50 multiple choice questions which candidates have two hours to complete. In order to pass, candidates must answer a minimum of 30 questions correctly, with a score of 45 or more earning a distinction.
Certification and Programme Recognition
ICMA is an FCA-approved qualifications provider, approved by the Securities & Futures Commission of Hong Kong as provider of Continuous Professional Training (CPT) and a member of the CPD® Certification Service.
This course is certified by the Financial Academy and the International Capital Market Association (ICMA).
The Financial Academy and ICMA recommend that 50 learning hours can be associated with this course, based on attended/undertaken hours of study required to successfully complete the learning outcomes.
A Certificate of Completion will be awarded to those who successfully pass the final exam of this course – see Assessment section for more details.
Please note that your course certificate of attendance or completion should be sufficient to satisfy any professional development requirements – if you require further evidence, please contact us at cs@fa.gov.sa or education@icmagroup.org.
Course Trainer
Neil Schofield
The syllabus content is divided into several key topic areas:
What are capital markets – how do they work in Saudi Arabia?
- Capital markets as means of facilitating borrowing, lending and risk management
- Fundamentals of key products, market participants
- Understanding the structure of the Saudi market
Primary Capital Markets in Saudi Arabia
- Debt markets (Corporate Loans, Bond markets, Sukuk)
- Equity markets
- Other capital market segments including Sustainable finance
Secondary Capital Markets in Saudi Arabia
- Participant motivations (Banks, Institutional investors, “Shadow banking”)
- Regulation
Transaction Lifecycle
- Equity markets in Saudi Arabia (Stock exchanges, Trading venues, Clearing houses, Custodians, Central Security Depositories)
- Debt markets in Saudi Arabia (Stock exchanges, Electronic trader platforms, Clearing houses, Custodians, International Central Securities Depositories)
Associated Markets
- Securities financing (repo and securities lending)
- Risk management and derivatives
- Future developments (tokenised securities, blockchain technology, Central Bank Digital Currencies)
Livestreamed Course
ICMA's livestreamed courses are delivered via video conferencing accessed on our digital learning platform, using the most effective pedagogical approaches and incorporating interactive functions like virtual breakout rooms.
Introduction to Saudi Capital Markets livestreamed sessions are delivered in 10 x 3.5 hour sessions over the course of four weeks. You will be given access to the (downloadable) course materials before the live sessions and will have access for three months from the first live session. Please note that you must book and take your exam before your access period expires.
Livestreamed course fees
SAR 9,844 + VAT not applicable
For security reasons, delegates who have not registered in advance will not be admitted to the live sessions.
- All payments must be made in SAR.
Contact
Should you have any queries, please contact cs@fa.gov.sa