Actuarial Science and Financial Mathematics program manages risk in the financial and government sector and industries. The curriculum particularly focuses on analyzing risk data and making informed decisions from it. It is a multidisciplinary study that combines four major areas (Mathematics, Statistics, Finance, and Insurance) into one.

A graduate of the program is able to contribute to all areas of Saudi Arabian and international financial sectors as well as government sectors where the objective of minimization of risk is the main daily focus.