Baker Tilly MKM & Co.

Baker Tilly Saudi Arabia

About Baker Tilly

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For our clients

We create meaningful experiences with our clients to solve their most pressing problems and seize new opportunities.

Our relationships with clients are genuine. We understand their world today and provide insights that shape their tomorrow.

Network members collaborate seamlessly to serve our clients across the globe.

For our people

Our profession is dynamic and our network and firms are innovative and growing. This gives team members rewarding opportunities at every stage of their career.

For our communities

We are vested in the communities where we live and work, making a difference for future generations.

For our profession

We share our profession through leadership roles in key organisations.

Our network’s global influence makes us outstanding advocates for our profession.

An Introduction to Baker tilly International

Global Profile

US $3.4 bn

Combined global revenues 6.7% increase on FY16

147

Territories

796

Offices

33,600

People

125

Member Firms

Global Networks

Source: IAB World Survey, Published February2018
Rank Network Combined Global Revenues % Change From Previous Year
1 Deloitte 38,800 +5%
2 PwC 37,680 +5%
3 EY 31,404 +6%
4 KPMG 26,400 +4%
5 BDO 8,132 +7%
6 RSM 5,095 +5%
7 Grant Thornton 5,004 +4%
8 Crowe Horwath 3,813 +3%
9 Nexia International 3,620 +13%
10 Baker Tilly 3,394 +5%
11 Moore StephensInternational 2,908 +6%
12 HLB International 2,369 +14%
13 Kreston International 2,261 +7%

Translating your ambitions into new markets

  • Global reach and localknowledge
    • Language skills
    • Large enough to meet your needs and ableto maintain personal relationships
  • Single point of contact
  • Hands on approach with effective project management, transparency and accountability

Why choose us?

  • A team approach with strongrelationships
    • Help us to overcome time and cross border complexities to deliver a quality service toyou
    • We operate globally as oneteam
  • Not just technicalexpertise
    • We apply your knowledge to the benefit ofyour business
  • Tailored solutions to a diverse rangeof international challenges

Baker Tilly JFC Group

  • Baker Tilly JFC (referred to as “Baker Tilly” and the “Group”), being a part of Baker Tilly Middle East is a firm of Accountants, Advisors & Financial Experts and a premier independent member of Baker TillyInternational
  • Baker Tilly currently headquartered in Dubai operates through thirty offices in UAE, Oman, Saudi Arabia, Bahrain, Qatar, Seychelles, Yemen & Syria that are served by multicultural partners from various parts of the globe.
  • The firm started in 1979 in U.A.E. has grown multifold in the last 40 years under a clear strategic vision of the Founder & Chairman of Baker Tilly Middle East.
  • A strong foundation, a dream to grow, a commitment to quality, exceptional client service, technical expertise and above all an international perspective has brought us where we are today.
  • Baker Tilly has a strong presence in niche sectors of practice which include Education, Hospitality, Healthcare, Logistics & Supply Chain Management and Industrial Projects.
  • Our team of over 500 professionals through their widespread knowledge and candour; fosters an enthusiasm for success and have a widespread experience of providing professional services in the Middle East, catering to over 4,000 individual and corporate clients.

Baker Tilly JFC Network in the GCC

Baker Tilly - Saudi Arabia

  • Baker Tilly Saudi Arabia currently headquartered in Riyadh and operates through three offices in the Kingdom, Riyadh, Jeddah and Al-Khobar, that are served by multicultural partners and senior directors who have extensive experience in Saudi Arabia.
  • A strong foundation, a dream to grow, a commitment to quality, exceptional client service, technical expertise and above all an international perspective has brought us where we are today.
  • The firm has grown multifold in the last 4 years under a clear strategic vision.
  • Our team of over 100 professionals through their widespread knowledge and professional qualifications fosters an enthusiasm for success and have widespread experience of providing professional services in the Kingdom of Saudi Arabia.
  • Baker Tilly has a strong presence in niche sectors of practice which include Education, Hospitality, Healthcare, Logistics & Supply Chain Management and Industrial Projects.

OUR Team - Saudi Arabia

We introduce below the partners and business leaders in the Saudi Arabian practice:
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Ayad Alseraihi

Managing Partner

Over 30 Years specialized experience in audits and fraud examination, internal control system, financial and accounting system development and consulting services

Rich experience in several industries including manufacturing, investments, trading, insurance, hospitals, construction, hotels and notfor profit organizations.

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Bader Altamimi (CPA, SOCPA) Master of Science in Financial Analysis

Partner

Over seven years of consulting and auditing experience including Big four international accounting firms in Saudi Arabia.

Extensive experience in different industries including Manufacturing, Investments, Trading, Insurance, Hospitals, Construction, Hotels, ISP and Not-for Profit Organizations.

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Majed Alnemer (CPA, SOCPA) Master in Accounting

Partner

Over 25 years specialized experience in audits and assurance services, valuation and analysis of investments and other consulting services.

Extensive exposure to a wide range of clients in different industries including Manufacturing, Investments, Trading, Insurance,Hospitals, Construction, Hotels and Notfor Profit Organizations.

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Mago J B Singh FCA, CPA, CMA, CIBA, CRMA, CFC M.Sc.(Ind.Engg) MBA

Founder – Principal & Group Managing Partner

Founded the firm in 1979 and has over 40 Years specialized experience in Audit and Assurance Services, Investing Appraisals, Mergers & Acquisitions, Corporate Planning and Structuring, Industrial Manufacturing, Capital Market Advisory and IPO, Debt & Equity Raising, Feasibility Studies and Business Plans, Project Finance, Valuation and Due Diligence, Strategic Financial Advisory

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Hashem Abu Farha (CPA)(JCPA)

Senior Director( Representative of Baker Tilly JFC Group)

Over 30 years of rich experience in industries including Manufacturing, Banking, Investments, Trading, Insurance,Hospitals, Construction, Oil and gas, Hotels, ISP and Not-for Profit Organizations.

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Mohammad Alkhatib CPA

Senior Director

Over 30 years of rich experience in audit and accounting services of which 14 years with big four accounting firm in KSA and USA.

In charge for several auditsof IFRS reportingclients.

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Osama Nobani SOCPA, CPA, JCPA

Senior Director

Over 35 years of big four rich experience in audit, consultation and taxation in various industries.

In charge for several audits of IFRS reporting clients including listed corporations.

Expert, tax planning, restructuring and transfer pricing.

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Iyad Alem

Senior Director

Over 30 years specialized experience in audits and fraud investigations, internal control system, financialand accounting system developments and due diligence.

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Jamal Sholi CPA

Senior Director

Over 30 years of rich experience in industries including Manufacturing, Banking, Investments, Trading, Insurance, Hospitals, Construction and Not-for ProfitOrganizations.

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Abdelmuti Abdelhad CPA, JCPA

Senior Director

He has over 30 years inaudit and assurance services, internal audit and advisory services.

Big four international accounting firms experience has given him vast expertise in audit, advisory, accounting and IFRS.

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Khaled Barahmeh CPA

Director and IFRS Expert

He has over 14 yearsof auditing and in-depth knowledge of IFRS.

Big four international accounting firms experience has given him vast expertise in audit and IFRS.

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Yazan Odeh CPA

Director –Assurance

15 years of big four audit experience including experience in an IFRS reporting jurisdiction

Certified public Accountant – USA

In charge for several audits of IFRS reporting clients.

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Wassim Alaya

Director & IFRS Expert

Over xx years of rich experience in audit and accounting services of which xx years with big four accounting.

In charge forseveral audits of IFRS reporting clients.

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Robert Brown CA, CISA

Senior Director

Over 25 years experience in Internal Audit and similar disciplines.

Industry experience including work with Lafarge.

Qualified Chartered Accountant andCISA

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Ibrahim Saafin CBA, CRP(USA)

Senior Audit Manager & IFRS Expert

Over 13 years of rich experience in auditand accounting services of which 10 years with big four accounting.

In charge forseveral audits of IFRS reporting clients.

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Abdullah Al Etaish SOCPA

Manager

SOCPA Registered

More than 6 years of varied experience.

Expert in Risk Assessment & Internal Audit

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Assad Isaili

Senior Manager

Over 12 years of big four rich experience in audit and consulting services in various industries including Manufacturing, construction, Investments, Trading, and other.

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Amr Barbarawi CPA

Manager and IFRS Expert

He has over 9 yearsof auditing and and accounting services. Big four international accounting firms experience has given him vast expertise in audit and IFRS.

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Muhammad Malik ACCA (UK), CPA (Pakistan), Master in commerce

Manager & IFRS Expert

Over 10 years of auditing and consulting experience with big 4 international firms.

Vast expertise in audits, IFRS and other financial and management consulting services.

Extensive experience in insurance industry.

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Samer Altamimi CPA

Manager & IFRS Expert

Eight years of audit experience in an IFRS reporting jurisdiction.

Big four international accounting firms experience has given him vast expertise in audit and IFRS.

In charge for severalaudits of IFRS reporting clients.

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Majed Abu Jaber

Senior Manager & Tax Expert

Over 12 years ofauditing and tax experience with international firms.

Vast expertise in audits, zakat, taxes and other financial and management consulting services.

Particulars Riyadh Jeddah AL Khobar Total
Number of Offices 1 1 1 3
Number of Saudi Partners 1 1 1 3
Number of Senior Directors & Directors 8 1 1 10
Number of Managers 10 1 5 16
Number of Professional Staff 71 19 48 138
Number of administrative & logistics support staff 5 - 2 7
Professional Staff Accreditation Summary Riyadh Jeddah AL Khobar Total
Number of SOCPA accredited members 4 1 1 6
Number of CPAs from USA 9 2 4 15
Number of CA , ACCA from UK members 3 1 1 5
Number of CPAs from other countries 3 1 6 10
Other qualifications 3 2 2 7

Locations - Saudi Arabia

We introduce below the partners and business leaders in the Saudi Arabian practice:

Riyadh Office

Level 3,

7533 Uthman Ibn Affan Branch Rd,

At Taawun,

Riyadh 124764287,

PO Box 300467,

Riyadh 11372,

Kingdom of Saudi Arabia.

+966 11 835 1600

+966 11 8351601

Jeddah Office

5th Floor,

Wessal 7575tower,

Madina Road,

Al Azizia District,

PO Box 100890,

Jeddah 21311,

Kingdom of Saudi Arabia.

+966 12 663 9777

+966 12 6631888

Khobar Office

Suit number 310,

Al Diwan Building

3810 King Faisal Road,

Yarmouk District,

Khobar 34422 - 7063

Kingdom of Saudi Arabia.

 

+966 13 830 0906

+966 13 8347582

Email: saudi@bakertillyjfc.com
Website: bakertillymkm.com

Baker Tilly Services

Audit and Assurance

  • ExternalAudits.
  • Statutory Audits& Reviews.
  • Financial Reporting Advisory.
  • Financial Reporting Support.

Taxation

  • VAT.
  • Taxation and Zakat.
  • Tax Planning.
  • Transaction structuring.

Business Improvement

  • Process & Performance.
  • Revenue Performance Management.
  • Risk and Governance.
  • Policies & Procedures.

Forensic Services

  • Dispute Services.
  • Investigations.
  • Assets Tracing.
  • Business Intelligence Services.
  • Forensic Technology.

Accounting & Business
Advisory

  • Management Accounting.
  • Payroll.
  • Preparation of Accounts.
  • Financial Reporting Advisory.

Outsourced Services

  • Finance & Accounting.
  • HR Services.
  • Payrolls.
  • In-sourcing Services.
  • Recruitment Back Office Solutions.

Info Tech Services

  • IT Consulting Services.
  • Implementation (Oracle EBS, Fusion, JDE, OBI, EPM).
  • Software Development.
  • Managed Services.
  • Enterprise Mobility.

Risk Advisory

  • Risk Management.
  • Fraud Solutions.
  • Governance, Risk & Control.
  • InternalAudit.
  • Performance Improvement.
  • Technology Risk Solutions.

Corporate Finance

  • Lead Advisory.
  • M&A.
  • Private Equity.
  • Due Diligence.
  • Financial Modelling.
  • Valuation.
  • Fund Raising and Credit Enhancement.
  • Capital Market.
  • Project Finance.

Restructuring & Recovery

  • Corporate Restructuring.
  • Special Investigation.
  • Formal Insolvency.

GrowthProgram

  • Profit Improvement.
  • Strategic Development.

ADNOC ICV Certification

Audit & Assurance

We don’t subscribe to the stereotypical view that an audit is a box ticking, legal requirement and merely a formality.

We believe it is a highly valuable exercise to protect your business and encourage it to thrive. It provides a unique opportunity to review not only the finances of your business but also its systems, controls and operations.

The Baker Tilly approach is risk focused and quality-led. (See the figure on the right)

Our audit approach is characterized by clear, timely communication and the pragmatic resolution of issues. You should expect an intelligent, robust audit by auditors who will challenge the status quo and give you constructive feedback and recommendations to enhance your business. We will also update you on relevant financial reporting and related legislative and technical changes.

We believe that an audit is an opportunity, not just an overhead. This attitude is shared by our clients, many of whom choose to have an audit performed by a Baker Tilly network member even where it is not a legal necessity.

Through use of the latest audit tools, techniques, resources and procedures, we deliver robust audit services, adhering to the highest standards of independence, ethics and professional objectivity whilst applying technical excellence. As part of our strategy and commitment to continuous improvement, the quality of audit performance and delivery to clients is regularly assessed through the Baker Tilly International Quality Improvement Program.

As well as financial audit services, we provide a range of additional assurance services including internal audit, information systems and controls assurance, cyber-security, forensic audit and investigation, reviews of historical financial information, compilation of financial statements and a wide range of engagements based on agreed-uponprocedures.

Tax

Businesses trading internationally need top quality tax advice if they are to prosper in today's competitive globalmarkets.

At Baker Tilly we offer specialists in all of the spheres oftax.

Find out how we guide our clients through today’s complex internationaltax environment by visiting our website and reading more on the below.

  • Quality corporate tax advice and compliance services is vital, particularly when expanding globally.
  • Practical international tax structuring and financing is imperative in the current climate for multinational groups.
  • Proactive transfer pricing planning and robust documentationcomes most effectively through global collaboration.
  • Agile indirect tax reporting comes from consistent processesand tailored advisory.
  • Bespoke global mobility management helps support business travelers manage their tax and immigration needs.
  • Communicative private clients services help protect legacies and manage international assets.
TAX MAPP
Tax Mapp gives users access to the latest global tax newa and content at the touch of a button. Tax Mapp now includes PE Tracker, which is designed to quickly and efficiently detect PE risk.
Download our mobile application “Tax Mapp”

Advisory

We help businesses and organizations of all kinds negotiate risk, improve their performances and realize their potential within the unique and dynamic environments in which they do business. Specialists worldwide come together to deliver these services under the following categories :

  • Governance, risk and compliance
  • IFRS reporting
  • Corporate recovery and insolvency.

IFRS Reporting

As the world moves towards global accounting standards, many companies must deal with the issues raised by the need to convert their financial reporting systems to comply with International Financial Reporting Standards (IFRS). The complexities of converting to IFRS pose a considerable drain on time and resources for any financial department, requiring potentially hundreds of hours of work to deal effectively with all mattersarising.

Using specialist teams, we can provide training and assistance, managing the complete conversion process for our non-audit clients, ensuring that they have the resource they need, for the period that they needit.

We offer a four-stage process for clients requiring IFRS conversion,including :
  • Preliminary fact assessment
  • Detailed planning
  • Implementation
  • Post-implementation review.

Whether it is describing the differences in reconciliations of published accounts or providing a clear audit trail for boards and auditors, our conversion tools and proven methodology can ensure a smooth and painless transition to IFRS.

Transparency Report

Open Transparency Report

Sectors Served

Business Support & Services

Energy & Natural Resources

Education

Financial Services

Food & Beverage

Leisure & Hospitality

Industrial Manufacturing

Media & Technology

Transport & Logistics

Real Estate & Construction

Retail

Insurance Sectors

CREDENTIALS

This section contains some of our key clients

OUR CLIENTS

IKTVA CLIENTS

Saudi Aramco has created a program to baseline, measure and support increased levels of Saudization and localization in the Kingdom. The goal of this program, entitled In-Kingdom Total Value Add (IKTVA), is to promote local skills development leading to higher levels of Saudization and local spending to boost the Kingdom’s economy, capabilities and supply chain. The IKTVA program requires Saudi Aramco suppliers to report qualitative and quantitative information from which, Saudi Aramco calculates an IKTVA ratio that approximates the percent of spend that remains in Kingdom or develops the Kingdom’s supply chain and capabilities. Saudi Aramco requires third party verification of the numbers. Baker Tilly was selected by Saudi Aramco as one of four approved auditors for this purpose. The following are number of clients we provided IKTVA certification for: