This post was originally published on The FinTech Times
The Abu Dhabi Securities Exchange (ADX) Group and Al Ramz Capital have launched a new strategic collaboration aimed at boosting financial literacy across the United Arab Emirates.
Dubbed the “Al Ramz Investment and Trading Competition,” the initiative is described as the region’s first hands-on, direct stock market competition designed to foster strategic financial planning and nurture a long-term savings and investment culture.
The trading competition allows both new and experienced investors to showcase their market knowledge and skills, with a competitive monthly reward structure tied to their performance on the ADX.
Trading for travel rewards
The competition integrates a unique incentive model. The participant who generates the highest return on the ADX each month will be awarded 1 million Etihad Guest Miles. According to the announcement, this is enough to cover several first-class flights to destinations such as New York and London.
Additionally, the runner-up and other top performers will also receive significant rewards:
The investors placing second to tenth will receive prizes ranging from 100,000 to 500,000 Etihad Guest Miles every month.The competition will run once a month for a total duration of three months.It is open to all investors who hold an active Al Ramz trading account.There is no minimum investment required to participate.
To
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