The award ceremony for the winners of Boursa FinTech’s virtual shares Trading and Investment Competition was held last Tuesday (3 June) at the headquarters of the Libyan Stock Market in Tripoli. The event was sponsored by Tadawul Financial Group. Boursa said this is the first competition of its kind in Libya.
The ceremony was attended by representatives of the Libyan Stock Market, including Ahmed Karoud, Director of the Libyan Stock Market, and Mohamed Al-Sallabi. Representatives from Boursa as well as Tadawul Financial Group, headed by its Chairman, Naaman Elbouri.
The event celebrated the outstanding efforts of the top participants in the Boursa competition, who demonstrated high-level skills in trading and investment, Boursa CTO and Co-founder Anas Elhasairi told Libya Herald.
The winner’s ceremony began with a speech by Feras Gherfal, Sales and Partnerships Director at Boursa. He shared a brief history of the company and outlined its vision for the future. He also highlighted Boursa’s key products—particularly the Boursa app—which serves as a gateway for users to explore the world of stocks and currencies. Gherfal praised the app for its user-friendly interface and diverse features, emphasizing its compliance with top global standards.
Naaman Elbouri, Chairman of Tadawul Financial Group, also delivered a speech in which he praised the initiative and emphasized the importance of such events in promoting a culture of trading and investment in Libya’s financial market.
Mohamed Al-Sallabi, representative of the Libyan Stock Market, highlighted the importance of reviving the stock market following a period of economic challenges. He confirmed that the Libyan market is now full of promising opportunities for new investors, especially with the support of regulatory authorities and ongoing development of market infrastructure.
Training for the winners
As a strategic step to support the winners of the Boursa competition, Al-Sallabi announced the launch of intensive and exclusive training courses for the winners, aimed at enhancing their skills and deepening their understanding of trading mechanisms, enabling them to invest their prizes wisely and professionally.
Boursa
Boursa CTO and Co-founder Anas Elhasairi explained to Libya Herald that his company is a Libyan-founded financial technology (FinTech) company specializing in the development of intelligent solutions for trading and investment, powered by artificial intelligence.
‘‘Boursa is the first platform of its kind in Libya, focused on providing access to global markets, something that has historically been out of reach for most Libyans. Our mission is to break the barrier and simplify investing through both technology and Arabic language education. All our technology is built fully in-house by our Libyan team’’, Elhasairi explained.
The company also offers simplified educational content in Arabic, aiming to empower individuals to understand the basics of investing and confidently enter financial markets.
Launch of mobile application to access global financial markets
On 1 February 2025, Boursa launched its mobile application on both the Apple and Android app stores, allowing users in Libya to access global financial markets in addition to the Libyan Stock Market.
On the same day, the company announced the launch of the virtual trading competition. The competition is designed to provide a practical educational experience for participants without the need to use real money. The competition received wide engagement and contributed to raising financial awareness among youth and beginner investors across Libya, the company said.
The trading competition
The competition ran for three months, from 1 February to the end of April 2025. Each contestant was given a virtual balance of 50,000 Libyan dinars at the start, which they used to trade on the platform. With this virtual balance, participants were able to buy and sell a wide range of assets—from commodities like wheat and silver to cryptocurrencies and global indices—aiming to profit from price fluctuations.
‘‘The competition was designed to offer risk-free, practical learning experience for first-time traders/investors’’, Elhasairi added.
The winners
The competition winners were the contestants who achieved the highest return percentages at the end of each month. They received valuable prizes from Tadawul Financial Group, in the form of shares in various Libyan companies listed on the Libyan Stock Market.
1,729 contestants participated executing 8,405 trades
A total of 1,729 contestants participated, with a total of 8,405 trades executed. The competition saw intense excitement and diverse trading strategies; some participants focused on high-risk assets such as cryptocurrencies—especially Bitcoin and Ethereum—known for their volatility. Others preferred to trade in more stable and secure assets like gold, aiming for steady profits.
