Blog The Transformation of Listed Companies in KSA
Saudi Arabia is the largest economy in the Middle East and is undergoing rapid transformation as part of its Vision 2030 plan. The plan aims to reduce the country's dependence on oil exports and diversify its economy. One of the key elements of this plan is the transformation of listed companies in Saudi Arabia to become more financially sound and efficient.
Zakat and Tax Home
Blog Saudi Arabia Announces Four New Special Economic Zones to Drive Economic Growth
Saudi Arabia, the largest economy in the Middle East, has recently announced plans to establish four additional Special Economic Zones (SEZs) as part of its ambitious Vision 2030 plan to diversify the economy and reduce its dependence on oil revenue. These SEZs are set to become key drivers of economic growth, attracting foreign investment, promoting innovation, and creating employment opportunities in the kingdom.
Financial services Home
Blog Evolution of the Financial Services Industry in KSA
The financial services industry is experiencing a seismic shift. Disruptive companies such as Uber and Airbnb have disrupted traditional businesses such as hotel chains and taxi firms with innovative technologies. In the same vein, financial technology (FinTech) startups are shaking up the financial services industry with innovative technologies that are changing how we bank, make payments, and invest.
Travel, tourism & leisure Home
Aviation Insights Preparing for the return of travel
From liquidity to debt and restructuring, we address the diverse and complex challenges faced by airlines, leasing companies and aircraft funds in particular. We also consider implications for employers and how financial planning for the medium and long term will be affected.
Blog Navigating KSAs Healthcare Industry
The healthcare industry in the Kingdom of Saudi Arabia (KSA) is among the most advanced in the Middle East, but there are strict financial reporting requirements that must be followed to ensure high-quality care for everyone. These requirements include tax, audit, and other advisory considerations, like data protection and cyber security. Let's take a closer look at what healthcare companies in KSA need to know.
The International Accounting Standards Board (IASB) has issued Amendments to IFRS 17 ‘Insurance Contracts’ (the amendments). The aim of the amendment is to address the concerns raised by stakeholders and to help entities to simply transition and implement the Standard.
The IASB also issued an amendment to the previous insurance Standard IFRS 4, ‘Extension of the Temporary Exemption from Applying IFRS 9 (Amendments to IFRS 4)’ so that entities can still apply IFRS 9 ‘Financial Instruments’ alongside IFRS 17.
Download the summary amendments here [ 3224 kb ]
For further details or to discuss your requirements, please contact Muath Al Solmi
Download the pdf
Download PDF [3224 kb]
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