Abdallah Osman, CPA
Riyadh,,Saudi Arabia
Summary
Dual-credentialed CPA (USA & Canada) with extensive expertise in financial reporting, derivatives, and assurance. Currently serves as a financial reporting expert at STC Group, providing performance analysis and hedging insights to executive management. Formerly a senior manager at Ernst & Young in Saudi Arabia, leading audits, IFRS conversions, and IPO engagements across diverse industries. Recognized for delivering impactful results in advising on complex financial instruments and optimizing financial outcomes.
Overview
9
9
years of professional experience
Work history
Financial Reporting Expert
Saudi Telecom Company (stc)
Riyadh, Kingdom of Saudi Arabia
2025.04 - Current
- Prepare and deliver comprehensive financial performance reporting for stc Group and its subsidiaries, with a strong focus on derivatives and financial instruments and their impact on revenue, EBITDA, and overall financial outcomes.
- Assess the financial implications of derivatives and financial instruments, including recognition, classification, measurement, hedging, unwinding, and fair value, and recommend appropriate accounting and financial treatments.
- Review financial disclosures related to derivatives and financial instruments and associated key risks to ensure compliance with IFRS, regulatory requirements, covenants, and financial risk management best practices.
- Develop and enhance financial risk hedging policies and mechanisms for derivatives and financial instruments, providing strategic input and recommendations to management.
- Manage activities and processes related to derivatives and financial instruments, including hedging execution, documentation, monitoring, and reporting.
- Provide expert advisory on critical deals and international investments involving derivatives and financial instruments, ensuring compliance, optimizing financial outcomes, and effective mitigating risk exposures.
Senior Manager
Ernst & Young Professional Services
Khobar, Kingdom of Saudi Arabia
2017.10 - 2025.03
- Fully responsible for directing the timely completion of the financials statements reviews and audits of clients in industries such as Real Estate, Capital Investment, Mining and Metals, FMCG/Retail, Construction/Engineering, and Manufacturing.
- Optimised team structure, aligning responsibilities with performance measures and metrics to establish audit success.
- Provide technical expertise on IFRS issues and help companies develop appropriate accounting policies aligned with the standards.
- Provide comprehensive support throughout the IFRS conversion process.
- Executive lead during audits and related projects, with leadership across entire audit lifecycle from planning, testing, investigations, analyzing audit findings to report writing and recommending actions to clients for implementation
- Extended experience in engagements involving Groups audit of large groups and listed Companies
- Experience with the audit of family businesses groups undergoing IPO plans in the Primary Saudi Exchange Market (Tadawul) and Secondary Market (Numu)
- Planning and performing financial audits through identifying audit risks and designing appropriate and sufficient audit procedures to cover such risks while adhering to EY Global audit methodology and data analytics
- Establishing audit teams to achieve the appropriate balance of skills, experience and competence necessary to perform the audit and assessing the involvement of specialists.
- Assess internal controls and address weaknesses and exceptions about the financial, compliance and operational activities to the management.
- Preparation of consultation materials for significant accounting and auditing issues such as going concern, and voluntary change in the accounting standard.
- Portfolio composition: +35 clients of different industries
Associate External Auditor
Bakodah & Aboulkhair CPA - Nexia International
Dammam, Kingdom of Saudi Arabia
2017.03 - 2017.06
Education
Bachelor of Science - Accounting
University of Dammam
Dammam, Kingdom of Saudi Arabia 2016.05 -
Derivatives – Options & Futures Certificate -
Interactive Brokers (USA)
Certified Public Accountant -
New Hampshire Board of Accountancy
New Hampshire, US 2020.01 -
Derivatives Certificate -
Università Di Napoli Federico II (Italy)
Chartered Professional Accountant -
Chartered Professional Accountants of Ontario
Ontario, Canada 2022.10 -
Skills
- Knowledgeable on international auditing standards and procedures, and with hands-on experience in auditing
- Excellent knowledge of accounting standards (IFRS and SOCPA standards)
- Performing risk-based audit and identifying audit issues at early stages and resolving it properly and on timely basis by researching through relevant literature
- Efficient and effective handling of multiple tasks with definite deadlines
- Expert in Excel, with an understanding of data manipulation, automation, and advanced formulas
- Initiative, Flexible, Coordinative personality, Disciplinal and
Ambitious - Teamwork and Collaboration
Accomplishments
- Exceeded/significantly exceeded expectations for years from
2017 to 2021
- Top 10 files in MENA for applying data analytics
Languages
Arabic
Native
English
Advanced
Major client and Industries
- Saudi Iron and Steel Company (Hadeed) (Steel manufacturing)
- Mansour Bin Jumah & Sons Holding Company (Real Estate)
- Al Dawaa Medical Services Company (Retail)
- AL Jabr Investment and Real Estate Company (Investment & Real Estate)
- Branch of SK Ecoplant (Construction)
- Digital Business System Company (IT services)
- Worleyparsons Engineering Consultancies Company (Consultancy)
- Al Yammam Company for Trading and Contracting (Construction & Contracting)
- Dar Wa Emaar Real Estate Investment & Development Company (Construction & Real Estate)
- Arab Paper Manufacturing Company (Paper Manufacturing)
- Perma Pipe Gulf Arabia Industry (Pipe Manufacturing)
- Abdulrahman Saleh Al Rajhi and Partners Company Limited (Investment & Real Estate)
- Bait Al Mal Al Khaleeji Company (Assets Management)
Timeline
Financial Reporting Expert
Saudi Telecom Company (stc)
2025.04 - Current
Chartered Professional Accountant -
Chartered Professional Accountants of Ontario
2022.10 -
Certified Public Accountant -
New Hampshire Board of Accountancy
2020.01 -
Senior Manager
Ernst & Young Professional Services
2017.10 - 2025.03
Associate External Auditor
Bakodah & Aboulkhair CPA - Nexia International
2017.03 - 2017.06
Bachelor of Science - Accounting
University of Dammam
2016.05 -
Derivatives – Options & Futures Certificate -
Interactive Brokers (USA)
Derivatives Certificate -
Università Di Napoli Federico II (Italy)