KPMG in Bahrain supporting locals to achieve professional qualifications

02 March 2018

KPMG in Bahrain has celebrated its 99th local staff-member achieving professional auditing and accounting certification with the support of the firm’s Jassim Fakhro Fund.

Founded in 1968, KPMG in Bahrain was according to the company (in its original Fakhro Establishment for Accounting and Auditing guise) the first national accounting and auditing firm established in the country. Over the past 50 years, it has grown to house over 380 professionals and partners today, of the some 200,000 employed by KPMG’s network worldwide.

And while the local branch counts 17 separate nationalities among its workforce, 60% of its headcount is comprised of Bahraini nationals, including many in senior leadership positions. Among them is KPMG Bahrain’s Managing Partner, Jamal Fakhro, who, in addition to being a respected legislator in Bahrain and a 35 year industry-veteran, was the founder of the firm’s Jassim Fakhro fund.

Named for the firm’s co-founder Jassim M. Fakhro, the fund functions to support young locals in achieving professional qualifications, and has since 2001 provided financial and mentoring support for young Bahraini talent to the tune of BD 426,000 – with 99 local employees having now completed their professional qualifications. “This milestone showcases the progress of the firm’s flagship personal development initiative, designed to support the professional growth of young Bahraini talent,” the firm said on the occasion of its latest batch of beneficiaries receiving their professional certifications.KPMG in Bahrain supporting locals to achieve professional qualificationsOne such beneficiary, Ahmed Abdulla, Associate at KPMG in Bahrain, said; “It is an honor for me to start my career working with KPMG in Bahrain. I have always believed that a professional certificate provides a pathway to explore opportunities in local and global markets, develop expertise and accelerate career growth. The financial and mentoring support I received from the firm enabled me to obtain the Certified Public Accountant (CPA) certification and make necessary steps towards achieving my career aspirations.”

Providing audit, tax and advisory services for clients across numerous sectors, the firm considers its recruitment approach grants it a competitive edge, enabling it to “combine the strength of KPMG's considerable global capabilities with local professionals, deeply aware of the opportunities and challenges relevant to Bahrain.” The firm adds; “We believe our commitment to investing in local talent is not just good for KPMG, it is good for the community… The skills and experience, which our people acquire at KPMG, are helping drive Bahrain's economy and ensure the country's future.”

KPMG's support and development of local staff is in line with the aims of multiple governments of the Middle East for greater workplace nationalisation, forming part of a series of national transformation programmes underway in the region. In the UAE, the government is hoping to boost private sector employment for Emratis by a factor of ten - an agenda supported by 'Emritisation' consultancy TBH, which has just recently received backing from global firm Aon. 

PwC partners with the Project Management Institute's Saudi chapter

21 March 2019

Professional services firm PwC has signed a three-year partnership agreement with the Saudi Arabian branch of the Project Management Institute.

Following up from its recent deal with the Emirates Institute for Banking and Financial Studies, the Middle Eastern arm of global professional services giant PwC has signed another agreement – this time with the Saudi chapter of the Project Management Institute: PMI-KSA. The three year collaboration will seek to promote and advance the project management profession in the Kingdom.

Counting some 500,000-plus members worldwide, the Project Management Institute (PMI) is a non-profit industry association for project management professionals, providing advocacy, research, education and the most widely accepted certification for more than 2.9 million professionals worldwide. Among 300 international chapters in 80 countries, PMI’s Saudi branch is one of the largest in the Middle East.

“PMI-KSA is pleased to sign this strategic MoU with a prestigious company like PwC to promote the project management profession,” said PMI-KSA President, Nabilah Al-Tunisi, who is the chief engineer for Saudi Aramco. “We aspire through this MoU and other PMI-KSA programmes to further expand the membership and awareness of the project management profession.”PwC partners with the Project Management Institute's Saudi chapterAccording to the Memorandum of Understanding (MoU) signed by PwC and PMI-KSA, the two organisations will form a partnership of “community, knowledge, technical and cultural advisory” in a number of key areas to develop the strength of the profession in the Kingdom – including collaboration on “standards, educational institutions, events and special interests”.

In a press joint statement, PwC and PMI-KSI outlined a number of objectives, including; to support and encourage the adoption of PMI standards and increase their use for KSA’s Mega Initiatives; to increase the competency of local project managers through accredited training courses; and to share and leverage knowledge gained through publications, site visits and events.”

“For decades, we have been known for our practice to help our clients with their projects from strategy through execution; as well as supporting them in realising and reaping the benefits of each phase,” said PwC Saudi Arabia Country Senior Leader Riyadh Al Najjar. “It is in our heritage of creating trust and providing advice to help public and private organisations be successful.”

Al Najjar continued: “This partnership is another restatement to this effort, only cementing our mission; and we hope that together with PMI-KSA we can continue to support our clients in the best way possible and equip our people to become the leaders of tomorrow.  Together, we can bring forth the best of our combined knowledge and experiences and make an impact in the future of project management in the Kingdom.”