To promote national efficiencies and advance the graduates' professional competencies, the CMA has launched the 12th GDP Program. This is given the importance of the qualified human element in the development and advancement of the securities sector, to raise their chances of finding jobs in the financial market sector.

The 12-month program exposes trainees to the hands-on application of the CMA’s legislative and supervisory roles and their correlation with other regulatory bodies in the capital market. This gives trainees the necessary expertise and knowledge about the relevant regulations, legalities, and work procedures in the capital market and provides chances for on-the-job training. The Program also grants the trainees the opportunity to enroll in preparatory programs for professional certificates and related examinations. This is in addition to developing their job skills.

The CMA’s Director of Human Resources (HR), Fahad Abdulaziz Alromeih, emphasized the Program vital role in building national efficiencies in the financial sector through raising the level of knowledge and skills of graduates in the technical and regulatory aspects. 

As part of its responsibility towards the securities sector, CMA implements the GDP Program to make it a source of competencies, attract efficiencies, and fulfil the needs of this sector in a way that shall raise its service quality. Alromeih added that “Building capacities” is one of the main pillars of the CMA’s strategic plan.   

The program covers several specialized qualifying tracks, which trainees are enrolled in based on their university majors. This includes finance, accounting, law, management, and IT. Those who join enjoy multiple benefits such as a monthly allowance, annual leave as well as medical insurance, and registration in the General Organization of Social Insurance (GOSI), in addition to having the option to register with the in-house and out-house training programs. 

The application period for the Program opened today, August 6, and will finish on August 24, 2023. The interviews shall be taken place from next September 17 to October 5, 2023. The results shall be announced on October 12, 2023, while the Program shall start on November 12, 2023.  

The GDP Program is deemed one of the CMA’s initiatives in qualifying and training, as the total number of applicants in the previous batches, up to the eleventh batch, amounted to more than 50,000 trainees, and CMA has trained more than 350 trainees.

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