1. No category

Fourth Saudi-Pak
Accountancy Symposium
Thursday, May 14, 2015, from 5:00-10:00 pm
Ritz Carlton Hotel, Riyadh
Technology:
CFO’S New Best Friend
Organized by:
ICAP KSA Chapter
Under the partronage of
H.E. the Minister of Commerce and Industry
Supported by:
Dr. Tawfiq bin Fawzan Al Rabiah
MAIN SPONSOR
CO-SPONSORS
INTRODUCTION
The first rule of any
technology used in a
business is that automation
applied to an efficient
operation will magnify the
efficiency. The second is
that automation applied to
an inefficient operation will
magnify the inefficiency.
Information technology
and business are becoming
inextricably interwoven.
Welcome to the Fourth Annual Saudi-Pak
Accountancy Symposium organized by the KSA
Chapter of the Institute of Chartered Accountants
of Pakistan (ICAP), at the Ritz Carlton Hotel
Auditorium in Riyadh, Kingdom of Saudi Arabia on
May 14, 2015 (25 Rajab 1436).
of deploying technology as effectively as deploying
capital and other resources. The language of
today’s accounting and finance professionals
is completely different to what they spoke two
decades back and there is nothing to suggest that
the language of today will not go ancient in less
than a decade in the future. Such is the dizzying
impact of technology.
In line with the theme of the Symposium
“Technology – CFO’s new best friend”, the event
aims to highlight the relevance of technology
and how vital that it is harnessed by the age old
profession of accountancy and finance. As CFO’s, it
can no longer be assumed that technology is an IT
function. It is a business function and as stewards
and business strategists CFO’s are expected to be
at the forefront of this digital age.
Just like the industrial revolution heralded the
industrial age, so is the case with the digital
revolution that has brought about the Information
age where digital realms, big data, cloud computing,
ERP software, globalization, digital audit trails, virtual
currency and online payment and settlement
portals are redefining the new normal.
The accounting and finance professionals of today
are no longer mathematical tools but business
leaders. This shift has come about through the aid
01
I don’t think anybody can
talk meaningfully about
one without the talking
about the other.
The Symposium will aim to bring together under
one roof, the leading practitioners of accountancy
and finance from Kingdom of Saudi Arabia and
Pakistan. The track record of success, participation,
rich and diverse agendas of the previous annual
events and coverage of the same in the local and
international press has made this event an annual
must for the best in the business.
ICAP KSA Chapter has indeed made its mark as the
pre-eminent overseas chapter with high impact,
high visibility in the business corridors of KSA.
The latest example of this is that this Symposium
is being held under the patronage of H.E. the
Minister of Commerce and Industry Dr. Tawfiq
bin Fawzan Al Rabiah. Furthermore, the ICAP KSA
Chapter remains grateful to ICAP and SOCPA and
the continued patronage of Embassy of Pakistan in
Saudi Arabia.
AGENDA
5:00 PM
Registration, Welcome Drinks, Networking
6:00 PM
Recitation of Holy Qur’an
6:05 PM
Opening Remarks
6:10 PM
Video Address
6:20 PM
Presentation on Middle East Careers Portal
Mr. Umair Murtaza
Chairman, Placement Committee,
ICAP KSA Chapter
6:30 PM
Magrib Prayer break
6:45 PM
Welcome Address & Overview of Chapter
Mr. Muhammad Iqbal,
President, ICAP KSA Chapter
6:55 PM
President Address
Mr. Yacub Suttar, President ICAP
7:05 PM
Ambassador Address
H.E. Manzoor ul Haq
Ambassador of Pakistan to Saudi Arabia
7:15 PM
Chief Guest Address
H.E. Dr. Tawfiq bin Fawzan Al Rabiah
Minister of Commerce and Industry /
Chairman SOCPA Board
7:25 PM
Key Note Address: “Technology – CFO’s
New Best Friend”
Mr. Mutlaq Al Morished CEO, National
Industrialization Company – (TASNEE)
7:45 PM
Distribution of 2nd Annual Awards for
“Most Valued Contribution to the
Profession’’
8:00 PM
Distribution of shields
8:05 PM
Lightning Talk Session:
Mr. Abdulmohsen Abdulaziz Al-Fares,
CEO Alinma Bank
Mr. Ahmar Azam, CFO, Leejam
8:25 PM
Technical Panel Session:
“IFRS Transition in KSA”
Moderated by Mr. Muhammad Asif Iqbal,
Director Accounting Standards SOCPA and
Secretary ICAP KSA Chapter
Panelists: Mr. Kashif Rana, CFO ACWA
Power and representatives from Deloitte, EY,
PWC and KPMG
8:55 PM
Distribution of shields
9:00 PM
Concluding Remarks by
Mr. Shahid Murad Vice President,
ICAP KSA Chapter
9:05 PM
Isha Prayer break / Dinner
02
SPEAKERS
03
H.E. Dr. Tawfiq bin Fawzan
Al Rabiah, Minster of Commerce
and Industry and Chairman SOCPA
Board
H.E. Mr. Manzoor ul Haq,
Ambassador of Pakistan
to Saudi Arabia
Mr. Mutlaq Al Morished,
CEO, National Industrialization
Company (TASNEE)
Dr. Ahmad Almeghames,
Secretary General, SOCPA
Mr. Yacub Suttar,
President, ICAP
Mr. Kashif Rana, CFO,
ACWA Power
Mr. Abdulmohsen Al-Fares,
CEO, Alinma Bank
Mr. Ahmar Azam,
CFO, Leejam
Representative from
Deloitte
Representative from
Ernst & Young
Representative from
KPMG
Representative from
PWC
FEEDBACK FROM THIRD SAUDI-PAK
ACCOUNTANCY SYMPOSIUM
ACWA Power was pleased to
support ICAP’s third annual
Saudi-Pak
Accountancy
Symposium on 15th May 2014
as its Main Sponsor. The event
was very well organized and
seamlessly executed in spite
of the large turnout which is
growing with each passing
year. The fact that the event
managed to attract the crème
de la crème of the Saudi and
Pakistani expat accounting
professionals is a testament to
the event’s success.
I hope that the issues debated
at the said event and the
conclusions derived will help
improve
the
professional
standards.
ACWA Power – Main
Sponsor
On the whole the function
was very successful. For this
you deserve our heartfelt
congratulations. I was quite
impressed by the number
of people you had at your
function. It is normally difficult
to collect such a large number
at such functions. You and your
colleagues must have worked
really very hard to assemble
such a large number.
I am grateful to you and your
colleagues for giving me
the award for my humble
contribution
to
Islamic
Economics.
Dr. M. Umer Chapra
Keynote Speaker and
Award recipient
It was indeed an honor for me
to receive the award given by
ICAP KSA Chapter for which I
am very much thankful. I was
also very much impressed by
the overall quality of event.
Congrats to you and your
team. Keep it up. May Allah give
you more successes and do
get in touch with me for any
assistance in future.
Best regards
Dr. Abdulrahman
Alhumaid, Trustee,
IFRS Foundation,
Award recipient
It is always a pleasure to me
personally and for us at KPMG
to support the ICAP Chapter in
KSA.
Further I like to thank you for
the outstanding organization
of the event this year and the
transformation on you made
into the agenda and variety of
the participants backgrounds.
Regards,
Khalil Al Sedais,
Partner & Head of
Audit, KPMG Saudi
Arabia - Speaker
It had a very strong line
up of speakers across the
various industries and good
balance between technical
presentations and business
issues. The presentations were
relatively short and focused and
also debate session was a good
break from dry presentations
Adrian Flowers,
Speaker - CEO SABB
Takaful
My thanks and appreciation
for inviting me and I really
commend Mr. Iqbal and other
colleagues on a well organized
event.
Dr. Yahya Aljabr –
Speaker
Thanks a lot for your efforts in
recognizing our professions and
institute in KSA and also thanks
for providing a good platform to
meet and interact with old and
other same profession fellows.
Ubaidullah SiddiqiAJIL Financial
Services Co-sponsor
It was first participation from me
and my company. The event
was organized in a professional
manner
and
I
enjoyed
thoroughly. Congratulations to
the entire team.
Muhammad Shoaib
Shekhani, Zahid
Tractors – Co-sponsor
Many thanks for inviting us for
the event. It was a great effort
all round from the KSA Chapter
team
Shahid Ahmed Riazi,
Saudi Orix Leasing –
Co-sponsor
We definitely enjoyed it… Food
was great mashaAllah as was
the overall professionalism and
quality of the speakers.
Mohammed Fahad,
KPMG – Participant
04
GLIMPSES FROM THIRD SAUDI-PAK
ACCOUNTANCY SYMPOSIUM 2014
05
Dr. Abdulrahman Alhumaid (R)
receiving his Award
Dr. Umar Chapra (R) receiving
his Award
Mr. Tariq Javed (R) receiving his
Award
Dr. Ahmad Almeghames (R)
receiving his Award
Eng. Abdulaziz Bin Abdullah Al-Zamil,
Ex Minister and Chairman Zamil Group
Dr. Umar Chapra presenting his
Keynote Address
Mr. Naeem Shaikh, then ICAP
President
Mr. Khayyam Akbar, Acting
Ambassador of Pakistan
Dr. Ahmad Almeghames,
Secretary General, SOCPA
GLIMPSES FROM THIRD SAUDI-PAK
ACCOUNTANCY SYMPOSIUM 2014
(
Mr Adrian Flowers, CEO SABB Takaful (L)
receiving his speaker shield
Mr. Khalil Sedais, Partner KPMG (R)
receiving his speaker shield
Mr. Khalid Aladdem, Ast. Professor
King Saud University (L) receiving
his speaker shield
Mr. Noman Ansari, Group
Treasurer STC
Mr. Riaz Khan, Head of IT (L)
Operations, Bank Aljazira receiving
his speaker shield
Mr. Gavin Steel, Partner, PWC Middle
East (L) receiving his speaker shield
Dr. Yahya Aljabr, Associate Professor
Accounting, King Saud University
Mr. Paul Gay, Group CFO Almarai
Mr. Imran Iqbal
Tax Partner, EY ME
06
REGISTRATION FORM
Fourth Saudi-Pak Accountancy Symposium
Technology: CFO’s New Best Friend
May 14, 2015 Ritz Carlton Hotel, Riyadh, Saudi Arabia
CPD Credit: 4 hours
Full Name: __________________________________________________________________________
Name on Badge: _____________________________________________________________________
ICAP Membership #: _________________________________________________________________
SOCPA / Other Professional body Membership #: ________________________________________
Company: __________________________________________________________________________
Designation: _______________________________________ City______________________________
E-mail: _____________________________________________________________________________
Cell Phone #: _____________________________Office Phone #: ___________________________
Online registration facility is also available at the following link:
http://event.icapksachapter.org/
Registration fees:
Early bird
SR 200 per person
Normal
SR 250 per person
till 30th April 2015
from 1-7 May 2015
Registration close date: 07th May 2015
MODE OF PAYMENT
Registation fees will only be
accepted through bank transfers in
the following account
Account title: ICAP KSA Chapter
Bank: Alinma Bank
Account number: 68288006600000
IBAN: SA8105000068288006600000
For inquiries, please contact the following persons:
Khurram Amanullah (Riyadh)
Mobile: 0533201057
Email: icapksachapter@gmail.com
Shahid Murad (Khobar)
Mobile: 0507604397
Email: shahid.murad@advancedpetrochem.com
Ashfaq Bataviya (Jeddah)
Mobile: 0542042385
E-mail: bataviya1985@gmail.com
SPONSORSHIP OPPORTUNITIES:
Do you have a product or service that would be of interest to a group of
very senior finance professionals belonging to the elite banking, finance
and corporate sector organizations?
Only at this event will you be able to reach out to them. Can you afford
not to be there? To find out more how you can benefit, please contact
Muhammad Iqbal (President) at miqbal@alinma.com / 0564245379 or
Muhammad Asif Iqbal (Secretary) at asifiqbal@socpa.org.sa / 0540975382.
07