Three business and investment savvy students were crowned the winners of the “Abu Dhabi University’s Investment Competition 2015” on Saturday (16th of May). Held in strategic collaboration with Saxo Bank, the competition focused on spreading awareness on the importance of financial literacy, and attracted more than 210 undergraduate and postgraduate business students from universities across the GCC, Lebanon and Egypt giving them the opportunity to implement unique and innovative investment strategies and trade USD 100,000 virtual money in Saxo Bank’s award-winning portal. The top 36 participants with the most creative investment techniques were then shortlisted to present to a panel of expert judges from academia and industry who chose the top three winners.
Commenting on the competition, Dr. Jacob Chacko Dean of Abu Dhabi University’s College of Business Administration stressed the University’s keenness in organizing this unique competition that has succeeded in attracting participants from business administration schools across the GCC. “Throughout the past six months participants of the competition were given the opportunity to test their investment prowess varying their virtual trades between forex and equities on Saxo Bank’s portal. We’re extremely impressed with the level of financial literacy exhibited by all participants throughout the competition and the innovative techniques and creative investment risks and decisions they’ve taken through their strategies proves that they represent some of the region’s brightest young business minds”, added Dr. Chacko.
On his part, Fadi Mehdi, Head of Saxo Bank Abu Dhabi said: “We are very proud of our great success in implementing this unique educational approach in partnership with Abu Dhabi University via the 2015 Abu Dhabi University Investment Competition. We congratulate all the winners who had the rare opportunity to experience the world of multi-asset trading and investment first-hand through Saxo Bank’s award-winning portal. It was a pleasure collaborating with Abu Dhabi University and may I say that the results truly exceeded our expectations. We look forward to teaming up with the University on future learning initiatives that can be of help in discovering and grooming business, finance and banking talents across the region.”
Basant Mohammed Teaching Assistant in ADU’s College of Business Administration and Head of the competition’s organizing committee explained that perhaps the most distinguishing factor of the “Abu Dhabi University Investment Competition” is its focus on linking theory with practice. “The competition provided participants of both undergraduate and postgraduate levels a creative and educational platform to put to the test their knowledge in trading, investment and their various strategies, while competing with their counterparts from business schools across the GCC thereby expanding their horizons”.
The three winners of ADU’s Investment Competition 2015:
– In first place with a prize of 10,000 USD from Abu Dhabi University’s College of Business is student Waleed Ihsan.
– In second place, Vivik Sharma student at the Institute of Management Technology in Dubai was awarded a two-nights’ trip to Saxo Bank’s head office in Copenhagen.
– While in third place with the prize of iPhone 6, from Skyline University in Dubai is student Zakir Ali.
(Pictured above: Fadi Mehdi, Saxo Bank; Dr. Jacob Chacko, Dean of the College of Business Administration, Abu Dhabi University)