Abdul Summad Abbas (FCCA)

United Electronics Company, widely known by its brand name eXtra, a group that is a leading consumer electronics, home appliances, consumer financing retailer based in Saudi Arabia (Annual revenues over SAR 6 billion). Established in 2002 and headquartered in Al-Khobar, the company has grown into one of the most recognized retail chains in the Kingdom, operating over 50 stores across Saudi Arabia, as well as outlets in Bahrain and Oman.

Responsibilities :

• Led group-wide financial reporting and consolidation across retail and consumer finance operations, ensuring full compliance with IFRS/GAAP, including revenue recognition, provisions, and financial instruments.
• Oversaw financial accounting and performance monitoring for consumer finance products (installment plans, BNPL partnerships and warranties), ensuring accurate margin and profitability reporting.
• Managed external audits for multi-entity operations, including consumer finance arrangements, ensuring timely issuance of audited financial statements.
• Monitored financial performance, analyzed retail vs. consumer finance profitability, and provided actionable insights to senior management to support strategic decisions.
• Developed and maintained internal controls and financial policies covering credit sales, deferred revenue, commissions, and partner settlements.
• Ensured compliance with tax, regulatory, and legal requirements across KSA, Bahrain, and Oman, including SAMA's regulatory considerations.
• Oversaw cash flow, working capital, and treasury management, including settlements with banks, insurance companies, and consumer finance partners.
• Partnered with commercial, IT, and operations teams to optimize consumer finance processes, automate reconciliations, and improve financial visibility.
• Led and mentored finance teams across multiple locations and business units, strengthening governance and financial discipline.
• Drove process improvements and automation initiatives in reporting, accruals, and reconciliation of consumer finance transactions.
• Acted as a key financial advisor to the finance director and senior leadership, supporting strategic initiatives related to consumer finance expansion, pricing, and risk management.

PKF Saudi Arabia (PKF Al Bassam & Co.) is a member firm of PKF International, a global network of independent accounting firms. With offices across Riyadh, Jeddah, Al Khobar, Madinah, and Qassim, the firm provides audit, tax, advisory, and accounting services to a diverse client base. Known for its partner-led approach and high-quality service, PKF combines global standards with deep local expertise, serving businesses across various sectors in Saudi Arabia.

Responsibilities :

• Completed audit planning documentation, verifying correct tests were applied to produce sufficient audit evidence.
• Facilitated smooth delivery of audit processes
• Guaranteed efficient audit execution, liaising with key stakeholders to understand business needs and operations.
• Facilitated managerial decision-making by creating audit findings reports
• Evaluated staff performance, implementing training and development programmes to maintain exceptional service levels.
• Trained staff on best practices to achieve optimal productivity.
• Trained new hires and set up mentoring relationships to drive team performance.
• Maintained profitability by constantly monitoring assignment progress against budget goals.
• Maintained cost control by constantly monitoring audit progress versus project budget.
• Assisted in billing and fee recovery, helping company to constantly meet and exceed cash collection targets.

Deloitte is one of the “Big Four” global professional services firms, providing audit, tax, consulting, risk advisory, and financial advisory services. With a presence in over 150 countries and territories, Deloitte employs more than 400,000 professionals worldwide.

Responsibilities :

• Lead audit engagements from planning through to completion for a range of clients across different industries.
• Performed risk assessments and developed audit strategies in accordance with auditing standards.
• Reviewed and tested internal controls and accounting systems to ensure compliance and accuracy.
• Identified control weaknesses and recommended practical improvements in systems and processes.
• Supervised and mentored junior auditors, providing guidance, feedback, and on-the-job training.
• Liaised with management and operational teams to access key data and understand business processes.
• Guaranteed efficient audit execution, liaising with key stakeholders to understand business needs and operations.
• Maximized value of audit, conducting pre- and post-audit reviews to assess process efficiency and identify areas for improvement.
• Increased effectiveness and efficiency of audit by completing detailed, accurate working papers.
• Reviewed disclosure checklists to verify accuracy of financial statement disclosures.
• Managed timelines and budgets for audit assignments to ensure efficient execution.