The Bloomberg Trading Challenge – Saudi Arabia, organized in cooperation with Misk Academy, concluded with Team 1 of Al Yamamah University awarded first place. This is the first university investment competition to take place entirely using the Bloomberg Terminal in the Kingdom.
A total of 52 teams, comprised of 250 students from 12 universities across Saudi Arabia, competed over eight weeks to generate the strongest investment strategy and most valuable portfolio using a SAR 3 million notional amount. The top five teams – from Al Yamamah University, which had two teams taking part, Princess Norah Bint Abdul Rahman University, King Faisal University and Prince Sultan University – were invited to present their strategy to senior investment professionals from HSBC Asset Management – Saudi Arabia, GIB Capital and Al Rajhi Capital.
The Bloomberg Trading Challenge – Saudi Arabia, is the first-ever competition of its kind in the Middle East. The challenge was designed by Bloomberg to help students across the globe develop their skills in financial data analytics and view the market through the eyes of those who use the Terminal every day – such as portfolio managers, investment analysts and traders.
The team consisted of students Abdullah Al-Aujan (captain) and Faris Al-Shawy and Abdulaziz Al-Afaliq (members) and was supervised by Dr. Raheel Gohar, Associate Professor of Finance at Al Yamamh University.