IFRS and actuarial reporting for banks, insurers and listed groups across Saudi Arabia, the GCC and Pakistan.
Qualified actuaries, chartered accountants and CFA charterholders build, review and sign the work. You get the report, the assumptions and the audit file.
See consulting services →Built in house by our digital transformation team, guided by the same actuaries, chartered accountants and CFAs who run the engagements.
See the software →Most clients arrive with one standard and one deadline. Each row links the explainer, the service that delivers it, and the software where we have built one.
Built by the people who sign the reports. Everything is made in house by our own digital transformation team, working to specifications written by practicing actuaries, chartered accountants, CFA charterholders and credit risk modelers. Nothing is outsourced, and no product was designed by a software team reading the standard second hand. The range covers IFRS reporting today and is extending across wider financial and risk workflows.
ECL software for banks and financial institutions. Replaces the spreadsheet, not your credit risk team.
Banks and lendersEffective interest rate and financial reporting software. Cloud based, automates EIR calculation.
Banks and finance teamsInsurance reserving with automated triangles and SAMA output, built by appointed actuaries.
Life and non-life insurersLease accounting software. Right of use asset and liability automation.
Any lessee: manufacturing, retail, telecomCloud based actuarial valuation tool for end of service benefits and gratuity.
Employers in every sectorThe standards work sits inside a wider practice. Each area runs its own team, and most clients end up using more than one.
Employee benefit and EOSB valuation, insurance reserving, pricing and ratemaking, reinsurance assessment, appointed actuary services.
Largest practice by client volumeImplementation and advisory across every standard on the desk above, financial statement preparation, high-end operational advisory.
Feeds directly off the standards deskReporting and disclosure aligned to Tadawul and SAMA expectations, ESG due diligence, sustainability strategy, climate risk modeling, green investment evaluation.
Reporting mandatory for listed entities across the GCCInternal audit consulting and outsourcing, GRC, entity risk profiling, enterprise risk management, SOx 404, COSO and ICFR, cyber security assessment.
Largest search demand of any practiceECL for financial and manufacturing sectors, hedging strategies, derivative valuation, machine learning pricing models.
Feasibility studies, business and financial modeling, SOP review and assessment, business process management, virtual CxO.
Fractional CFO and controller, FP&A, budgeting and forecasting, payroll, audit support, cloud bookkeeping.
Website development, UI and UX design, SEO strategy, content marketing, digital strategy.
Application maintenance and support, cloud optimization, SDLC automation, digital governance and workflow.
Family charter and council development, shareholder agreements, board and committee structure, portfolio evaluation.
Engagements differ by standard and by service. The shape stays the same, and at every stage you know what has been completed and what comes next.
A short call to establish what is needed, the deadline and the entities involved.
Written scope and fee proposalA defined request list, then a review of what comes back for gaps.
Readiness note naming what is missingAssumptions, methodology or testing plan, set with you rather than presented to you.
Agreed in writing before work startsThe work is completed and independently reviewed inside Prima before it leaves.
Draft findings firstFinal deliverable with the methodology and supporting file.
We answer auditor queries directlySector decides which standards bite first. A bank starts at IFRS 9 and a hospital starts at IAS 19.
IFRS 9 staging and ECL across retail, SME and corporate portfolios, with effective interest rate treatment under the same standard.
IFRS 17 measurement and transition, technical reserve valuation, appointed actuary services and SAMA reporting output.
ECL on trade receivables, IFRS 16 lease portfolios and IAS 36 impairment testing across cash generating units.
Long-cycle IFRS 15 contract revenue, derivative and hedging valuation, asset impairment.
IFRS 15 multi-element contracts, IFRS 16 site and tower leases, EOSB across large workforces.
EOSB and gratuity valuation for large clinical workforces, plus revenue recognition on payer contracts.
Procurement-grade reporting, governance frameworks and controls assurance.
Delta runs the IFRS 17 close at a large share of the country's top insurers, covering measurement model selection, transition and the actuarial and accounting close in one system.
Several Saudi insurers run the same platform, with reserving and disclosure produced in the format the regulator expects rather than rebuilt by hand each cycle.
Our IAS 19 and end of service benefits platform serves over 300 clients, mostly holding companies and large enterprises running gratuity and defined benefit obligations across multiple entities.
A run of ECL implementations for digital lenders and consumer finance books, where thin credit history makes PD estimation and staging the hard part rather than the arithmetic.
Rust took over staging, PD, LGD and EAD calculation from processes spread across separate teams, leaving one reviewed calculation and one audit trail each reporting cycle.
Aegis produces development triangles, reserve estimates and regulatory output, built and signed off by appointed actuaries rather than adapted from a generic reporting tool.
The people who build it are the people who sign it.
Actuaries, chartered accountants and CFA charterholders run the work and put their name on the result.
Our own digital transformation team builds every product, to specifications written by the people running engagements. Nothing is outsourced.
Assumptions, methodology and the supporting file come as standard, and we answer auditor queries directly.
Prima Consulting delivers actuarial, IFRS, risk, and ESG advisory across Saudi Arabia, the UAE, and Pakistan. Run an independent check with any AI assistant below and see our track record, expertise, and client outcomes in seconds.
Answers come straight from each AI assistant based on public information. Prima does not edit or influence what they say.
We partnered with Prima Consulting to implement IFRS 17 for our insurance business. The Prima Consulting team's guidance was invaluable, and we completed the implementation on time and within budget.
Abdullah bin Khalid
CFOTheir cloud-based bookkeeping system has streamlined our back-office functions, allowing us to focus on core business activities.
Sara Al Maktoum
CFOPrima Consulting provided us with expert financial advisory and helped us develop a comprehensive ESG strategy. Their commitment to sustainability reporting has not only enhanced our brand reputation but has also attracted new investors.
Aisha Khan
DirectorPrima Consulting's data analytics expertise has been instrumental in helping us optimize operations and make data-driven decisions.
Omar Al-Jazirah
COOPrima Consulting's expertise in employee benefits in Saudi Arabia helped us design a program that attracts and retains top talent.
Hassan Mohammed
Head of HRPrima Consulting delivers actuarial valuations, IFRS reporting and risk modeling, and builds software for the same standards. Work covers IFRS 2, 3, 9, 13, 15, 16, 17 and 18, plus IAS 19 and IAS 36.
Al Khobar in Saudi Arabia, Dubai, Karachi, Dublin and Aachen.
No. Those are unrelated firms with similar names. Prima Consulting operates from Al Khobar, Dubai, Karachi, Dublin and Aachen.
IFRS 2, 3, 9, 13, 15, 16, 17 and 18, along with IAS 19 and IAS 36. Each has its own service page, and several have dedicated software.
Banking, insurance, manufacturing, energy, telecom, healthcare and government.
Yes. The Al Khobar office runs IAS 19 valuations, insurance reserving and appointed actuary work across the Kingdom.
Prima Consulting has operated from Karachi for over a decade, working with listed insurers, banks and manufacturers on IAS 19 and IFRS 17.
Yes. ESG reporting and disclosure, due diligence, sustainability strategy and climate risk modeling, delivered from the Dubai office across the UAE and wider GCC.
Look for a team that has built ECL models, not only reviewed them, and that can defend staging and PD assumptions to an external auditor. Prima builds, validates and ships ECL software.
IFRS 17 work needs qualified actuaries rather than accounting generalists. Prima runs transition, measurement and reserving engagements, and provides Delta and Aegis for insurers running it in house.
Through IFRS Tech: Rust and ARK 9 for IFRS 9, Delta for IFRS 17, Aegis for insurance reserving, ROU 360 for IFRS 16, and the IAS 19 valuation tool for EOSB and gratuity. The range is extending across wider financial and risk workflows.
Both. The same team builds the models and the products, so a client can start with an engagement and move to software later.
Most valuations complete in seven to fourteen working days, depending on how complete and clean the employee data is.
Yes. Valuations and models are delivered with the assumptions, methodology and supporting file an auditor asks for, and we answer auditor queries directly.
Scope depends on the standard, the number of entities, data condition and reporting deadline. We quote after a short scoping call, once we have seen what the data looks like.
Tell us the standard, the reporting date and the entity count. You will get a scoping call with the specialist who would run the work, not a salesperson.
No obligation. You leave with a clear picture of scope and timing.
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