2005 News Story

Website targeting Saudi women investors launched

Website serving women stock investors was unveiled at the weekend in Jeddah, Arab News reported today.  The website hamorat.com offers general buying tips to Saudi women.  The website is the collective brainchild of 12 young women, all with economic backgrounds.

With degrees in business, economy or accounting, the founders have taught courses in investment in Riyadh, Jeddah, Taif and other cities in the Kingdom, Arab News reported. “We are a group of 12 women who aim to cultivate and help women in investing in stocks,” said Amal, hamorat.com’s spokesperson told Arab News. “The Saudi market is one of the world’s most ideal stock markets. It is ranked as the 11th stock market in the world. Women make up about 60 percent of Saudi investors.”

The website offers news and recommendations regarding Saudi stocks that can be received by SMS on cell phones. The service started this week free of charge and after that it will be SR400 [$107] a month.

The website also includes a discussion forum and free courses about Saudi stocks. Although the website focuses on women investors, it is open to men as well.