Abdullah Bakodah Financial Advisory

Independent member of Geneva Consulting Group

Tell Me More

Who Are We?

  • Our Humble Beginnings

    Abdullah Bakodah Financial Advisory Bureau was established in Dammam, Saudi Arabia in 2002, by Mr. Abdullah Bakodah (commercial register No. 2050040961). The bureau follows exceptional policies in serving its clients and offers diverse professional services provided by long and widely experienced professionals.

  • Vision

    Our vision is to be partners with our clients in the Kingdom of Saudi Arabia and the Gulf region by providing services with high efficiency and integrity. These services include all kinds of financial advisory services and any other professional services required by our clients by providing these services in an effective manner, with high quality and accuracy beyond clients’ expectations.

  • Mission

    Our mission is to provide financial advisory services, consultation and financial solutions to follow the highest professional and ethical standards in a professional manner by a working group which is characterized by trust, integrity and presence at any time requested by the client.

  • Goals

    1. Identify and analyze strength and weaknesses and the opportunities for potential risks. In addition, we provide the financial management of the company with our observations on any matters.
    2. To help our clients achieve their goals and overcome any difficulties they may face.
    3. Maintaining a high efficiency, accuracy and integrity of our team through training courses and workshops.
    4. Adopt a policy by which clients are our partners in success, their success is our success.
    5. Continuous development of our work performance to provide continuous advisory to our clients to improve their development too.
    6. Communicate with professional associations and worldwide organizations to stay up-to-date with the changes in our professional field.

  • Local Offices

    Our offices are located in Jeddah and Dammam, and the management of these offices is based on experts at a high level of academic and practical experience. These employees are being supported by a large number of European, especially Swiss, experts backed by our international partner Geneva Consulting Group

  • Be Part
    Of Our
    Story!

Our Services

Financial and Administrative Systems

Establishing and developing financial and administrative systems based on an organized study that fits their activity and then propose the best appropriate systems for the client, also provide services for the development of the controls of the computer systems for clients based on a detailed study of the needs of the client and then providing solutions and ideas appropriate for the development of the clients, in addition to that, we offer assessment services for financial systems, administrative and addressing any deficiencies.

Business Valuation

The assessments of companies are increasing in the developed business environment, which resulted from several reasons, including merging with other companies and changing the structure the family businesses operate in especially entry and exit of partners. All of these processes require evaluations based on companies estimated market value using evaluation methods which brings importance and value of the services provided by our professional team to choose the most appropriate evaluation method.

Feasibility Studies

The supervision of the development of the feasibility studies for potential projects upon which decisions by the management can be made. It is worth to mention that the governmental interest in small and medium entities in addition to the need for the facilities to finance the operations have increased the market of feasibility studies.

Preparation and Development of Administrative Regulations

The company develops financial and administrative systems in accordance with the organizational structure of the companies with identifying accounting cycle (such as purchasing cycle for the creditors and the sales cycle and the receivables) and management system in addition to the work of identifying the entire functions and regulations governing companies, as well as the power of each administrative level under the regulatory system integrated.

Strategic Plans and Performance Evaluations

The company develops (long-term and short-term) strategic plans, to suit companies in line with the nature of its activities and achieve its desired objectives and pre-set by the board of directors, as well as assessing these plans through the stages of implementation and identify the causes of deviations and work rectifications, as they are evaluating the performance of employees and to clarify the methods of raising competence productivity.

Change the Corporate Entity

Changing the structure of companies has become a very common trend, especially the family businesses, that changes from a limited liability companies into a closed joint stock companies, this change requires financial, administrative and legal actions. Our company was one of the first companies that pioneered in this area, which includes, the establishment of new companies as it is considered to be related to this activity.

Zakat and Tax Consultancy

Zakat, tax services and submitting zakat deceleration form on behalf of our clients. This includes communications with Zakat and Income Tax Directorate as well as providing advice with regard to Zakat and tax in accordance with the prevailing laws and regulations in this area.

Value Added Tax (VAT)

VAT is a sales tax to be paid on purchase. Currently there is no VAT in Saudi Arabia, however it is expected to be implemented in January 2018, and our team started to prepare for this big change, and have gained knowledge about this tax in similar countries by taking the experience of our global network. Our office will be ready to offer this kind of service when its approved and applied.

Risk Assessment and Management

Providing financial advisory services in the area of financial management for small potential clients who do not have the ability to use financial principles to improve the financial situation towards financiers and suppliers.

Due Diligence

The assessment of due diligence is the aspect of the evaluation of companies and has been described as a separate service because of its importance in the corporate merging and its inclusiveness of all aspects of the company and not the financial aspect only.

Providing Financial Solutions

Providing financial advisory services in the area of financial management for small potential clients who do not have the ability to use financial principles to improve the financial situation towards financiers and suppliers.

Corporate Governance

Provide a unique service that help companies to implement corporate governance and identify irregularities and work to provide advice for companies to address these violations and to work towards achieving full governance, as the government new laws had enforced shareholding companies to declare, in the Board of Directors report all the items that their company did not abide and the reasons for non-compliance.

Executive Directors

Abdullah Omar Bakodah

Financial Advisor

Résumé

Mohammed Salem Alattas

Executive Director

Résumé

Mahmoud EL-Sayed EL-Borma

Financial Specialist

Résumé

Mahmoud Ahmed Ali

Audit Manager

Résumé

International Alliance

Geneva Consulting Group

Our firm is an independent member of Geneva Consulting Group (GCG), the premier global network of Management Consulting firms. Headquartered in Switzerland, GCG was launched with the aim of connecting worldwide the leading advisory firms in a secure environment. GCG manages management consulting activities on behalf of clients. We advise and assist our clients through a range of demanding situations, including strategy, organisation & HR, technology, turnaround & transformation. GCG helps those professional firms who work within continuously growing, converting itself into the leading and most complete international network of Management Consulting firms. GCG is not focused solely in the United States or Europe and has equally strong operations in Latin America, Africa and Asia. Our sector and industry know-how and worldwide connections make us ideally positioned to advise clients on how to complete their transaction successfully, whatever the economic situation is.


Contact Us

>




Dammam

Prince Mohammed Bin Fahd Rd.
Abdullah Fouad, Near Othaim Mall
P.O.Box 5599 Dammam, 31432
Phone: 013/8085186
Fax: 013/8271668

abdullah@bakodah.com.sa




Jeddah

Madinah Rd. Near Quraish St.
Al-Salama dist. Qasr Al-aamal building.
P.O.Box 48541 Jeddah 21582
Phone: 012/6397727

abdullah@bakodah.com.sa