Frequently Asked Questions
Everything you need to know and how it works.
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SmartSavings is a Saudi company that operates based on a high level of governance. It’s also authorised by the Capital Market Authority (CMA) within FinTech Lab. The platform is a marketplace that aggregates several investment products provided by Asset Managers present in the Kingdom.
Yes. SmartSavings is a KSA-based FinTech company that enables users to access and invest in investment funds licensed by the Capital Markets Authority within FinTech Lab.
Investment with smartSavings is done smoothly, create an account, then fill-up the KYC and start investing.
The returns will be transferred into your virtual bank account in the Saudi Arab Bank, which is created automatically the moment your KYC is accepted on SmartSavings. Then you can transfer the returns from SmartSavings bank account to your bank account.
There are no guarantees on investment returns. The result may be profit or loss, depending on the investing fund performance.
Assets Under Management (AUM) is the total market value of the investments that a fund manager handles on behalf of investors.