22 August 2017 To cater to sustained growth in operations and support the Eastern province's growing business scene
Riyadh – KPMG in Saudi Arabia has announced the appointment of Abdulaziz Alnaim as Managing Partner of its Al-Khobar office, in order to support its fast growing business in this important region which continues to show robust growth and great potential.
A CPA for over 10 years, Alnaim brings with him a distinguished record as a senior accounting and investment professional in large real estate and financial organizations.
“Alnaim possesses an important mix of corporate, project management and family business experience that is vital to understanding the needs of modern businesses in the Kingdom,” commented Abdullah Alfozan, Chairman at KPMG MESA and KSA. “His presence at KPMG in Saudi Arabia will help us cement our position as the leading accounting, tax and advisory firm in Saudi Arabia and further support our fast growth operations in the Eastern Province.”
KPMG’s Eastern Province office is extremely important as business and investment opportunities in the region are highly significant. The Eastern Province accounts for two thirds of Saudi Arabia’s exports economy. As the center of the Kingdom’s oil industry, the Eastern Province has been the backbone of the Saudi economy, leading to the successful development of non-oil industrial sectors. The scope for further such development is, indeed, bright as the region’s infrastructure is highly advanced and has served to attract and will continue to attract foreign investment in various sectors such as electricity, water, communications and more. Vision 2030 plays significant role in prospering the business in the area where many family businesses contribute 12% of the gross domestic product (GDP).
Also, the new energy city which was announced recently will add more significance to the region and the Kingdom as it is expected to add SR22.5 billion ($6 billion) to the gross domestic product (GDP) each year in Saudi Arabia.
His past positions include Head of Internal Audit at the OPEC Fund for International Development in Vienna, and with Khalija Invest overseeing an IPO fund and the Saudi Riyal Trading Fund. Prior to becoming a CPA, Mr. Alnaim worked as a Controller and financial analyst.
“It is an honor to be a part of the management of such a renowned and respected firm as KPMG,” said Mr. Alnaim, “especially at such a crucial time in the development of Saudi Arabia. I look forward to working on those issues that are most important to the growth and strengthening of Saudi companies.”
Alnaim joins a growing team of professional’s at KPMG. In FY16 more than 300 new external partners and more than 600 promoted KPMG partners were welcomed into the leadership ranks. KPMG's global workforce grew by more than 8% to almost 189,965 partners and staff, the highest number of individuals ever employed across the network.
© Press Release 2017