Keypoint continues to grow its Saudi tax and zakat practice
Keypoint, a leading professional services firm headquartered in the Kingdom of Bahrain and with operations across the GCC, continues to grow its Saudi tax and zakat practice, according to Mubeen Khadir, a senior director and the firm’s head of tax.
“Over the last two years, we have made a significant investment in our capabilities and expertise, not just in Saudi Arabia but across the region. We now have a permanent team established in Khobar, with a Saudi managing director, who is SOCPA-licenced, leading a team of multi-lingual, experienced tax advisors with ‘Big 4’ backgrounds” says Khadir.
The Office of Ali bin Ahmed bin Mohammed Almohammedali Accounting Consultancy, a registered firm in the Kingdom of Saudi Arabia and a non-partner member firm of Keypoint, is led by Ali Almohammedali, a Saudi national with significant experience in audit, tax, finance, accounting and business advisory who has worked in both the ‘Big 4’ and in industry, most recently as the finance director in Saudi Arabia for large multinational companies as well as leading family groups. Almohammedali has an MBA (USA) and, as well as having the local SOCPA licence, is a licensed CPA (USA).
“Finding the right skill set for a market like Saudi Arabia can be a particular challenge”, adds Khadir, “and we are particularly pleased that, with a senior team offering a mixture of experience, expertise and multi-lingual tax advisory, we are able to communicate effectively with government regulators and the public sector as well as multinationals and emerging businesses in the private sector. As a G20 economy, Saudi Arabia is the largest economy in the region and the tax landscape is evolving rapidly, with the introduction of VAT and transfer pricing over the last 18 months adding complexity and depth to an already well-established corporate and zakat framework.”
Keypoint’s multi-lingual team of tax professionals includes managers, assistant managers and consultants from Bahrain, Saudi Arabia, Australia, South Africa, Malaysia, Pakistan, India, Sri Lanka, Jordan and the UK who have advised clients in the Middle East and across the world on international tax, VAT and other indirect taxes. Over the last two years, team members have worked across industrial sectors including financial services, oil & gas, real estate and construction, automotive and healthcare, providing a wide range of tax services, including Saudi tax and zakat advisory; tax advice, structuring and due diligence; international tax advisory; transfer pricing advice; tax dispute resolution; and tax issues within Islamic finance.