Aladdin AlKhatib CPA

Currently I am working for one of the major Logistics Companies in Kuwait, publicly listed in Kuwait Stock Exchange Market, with operations all over the middle east region.

I joined my current company to establish and head the function of internal audit.
my major responsibilities are : -

-Prepare the audit plan based on discussions and feedback from management and other stakeholders.

-Conduct risk assessments and identifies controls in place to mitigate identified risks.

-Performs audit procedures to verify the effectiveness of internal controls, through testing, vouching and examinations.

-Analyze and conclude on effectiveness and efficiency of control environment.

-Identify control gaps and opportunities for improvement.

- Prepare timely audit reports along with recommendations for the Audit Committee.

-Assess, evaluate and promote compliance to Company’s policies and governing laws.

-Contribute, as appropriate, in the year-end financial audit with the external auditor.

-Provide advice on internal controls and participate in enhancing Risk Management practices within the Company.

-Perform “ad-hoc” tasks such as Due Diligence for potential Merger and Acquisition transactions.

-Ensure audit team development through continuous professional education and close supervision.

Al-Arrab Contracting Co. is a subsidiary of the Famous Saudi business house Al-Rajhi Group and one of the Top 3 constructions companies in Saudi, with multibillion dollars’ worth of government contracts.
I joined Al-Arrab to establish and head the Internal Audit Function. My major responsibilities were:

-Perform Risk Assessment Process to determine the risk factor of each process/activity.

-Plan the audit based on risk assessment.

-Design Audit Programs to suit the characteristics of the audited activity.

-Evaluate the adequacy and effectiveness of Internal Controls.

-prepare Audit Reports to the Audit Committee and the Board.

-Manage and supervise day to day work given to assistants.

-perform ad-hoc tasks such as Due Diligence for potential Merger and Acquisition transactions.

General Manager

The Shanfari group of Companies is a well-Known Omani business house, based in Muscat with Operations in Many countries, chaired by His Excellency Sheik Said Bin Ahmad Al-Shanfari (Minister of Oil & Petroleum between 1974-1998). The Group is a well-diversified business house, with major activities in Investment, Automotive, Real estate, hotels and Constructions.

I headed the group operations in UAE-Dubai, taking care of the daily recurring business & developing new opportunities, my major challenge was to re-engineer the business processes and structure, through adapting the Value Chain approach, analyzing each and every activity to ensure that each one of them does add value to the products and Services we deliver. The process not only raised our operational efficiency and effectiveness but also raised our bottom-line figure remarkably.

In addition, I have established an IT consultancy firm that undertook prestigious project from local governments in UAE.

In June 2000, I joined the Shanfari Group of Companies (one of the leading business houses in the Oman with various diversified business activities) to establish and head the Internal Audit Dep.
My major responsibilities included:

-Drafting the audit strategy and audit plans, setting audit time tables, selecting staff and assigning workloads.

-Review operating systems and controls in place to ensure compliance with policies & procedures.

-Perform test of controls to ensure their ability to detect/prevent risks.

-Review the means of safeguarding assets, and as appropriate verifying the existence of such assets.

-Provide the Board of Directors with reports on audit coverage, findings and recommendations.

-Develop Audit team Skills through close supervisions and continuous training.

-Liaise with external auditors to ensure smooth and efficient year-end audit.

With Arthur Andersen I worked as Audit Supervisor for a year, during which I managed Audit and Consultancy engagements for a number of prestigious clients (Such as Government units, Foreign Companies and International Banks).

The consultancy services were carried out for well-known business houses/banks in the region and focused on re-engineering the operation processes and draft new operation manuals that are activity based. A brief List of my audit and consultancy clients includes:

1.Muscat Securities Market.

2. Oman Housing Bank.

3. Omantel.

4. Occidental Oman.

With K.P.M.G I worked for three years that were full of high level training as the customer base of K.P.M.G were mainly foreign companies and big banks. I was responsible to lead the audit team and finalize the financial statements with the clients and prepare the audit report and other deliverables. With KPMG I had the opportunity to audit a number of investment and brokerage houses, trading and industrial companies and 5-star hotels. During the period I served with KPMG I was selected by the Central Bank of Oman many times to conduct on their behalf their annual banking examinations for a number of banks in Oman.

A brief list of my audit clients include:

1. Central Bank of Oman.
2. Bank Muscat.
3. Oman Aviation Co.
4. Muscat Securities Market.
5. Toyota.
6. HSBC.
7. Citibank.
8. Oman Transportation Co.
9. Intercontinental Hotel.
10. Diwan of Royal Court.

The three years at Deloitte were so rich in experience particularly in corporate finance.
With Deloitte I audited a number of big banks in the sultanate of Oman in addition to trading and services companies.

I also carried out the annual examination for the Central Bank of Oman for a number of local banks.

My clients include:

1.Oman Arab Bank.
2.Oman Development bank.
3.Oman Bank for fisheries and Agriculture.
4.Oman Housing bank.