Finance & Capital Market

KPMG appoints new managing partner for Al-Khobar office

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.  

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 organisations.

“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 company said.

The Eastern Province accounts for two thirds of Saudi Arabia’s exports economy. As the centre 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, it said.

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, Alnaim worked as a Controller and financial analyst. – TradeArabia News Service