Prima Consulting's Consultancy Services

Your Trusted Partner for Tailored Consultancy Services in Saudi Arabia, UAE, and Pakistan

Comprehensive Consultancy Services to Empower Businesses with Expert Financial & Risk Management Solutions

Prima Consulting offers various Consultancy Services aimed at enhancing financial strength, helping you navigate intricate regulations, and fostering expansion in the Kingdom of Saudi Arabia, the United Arab Emirates, and Pakistan.
Two men coming to an agreement by opting for Consultancy Services

Prima Consulting:
Your Provider of Choice for Business Consulting Solutions

At Prima Consulting, our unwavering commitment is to elevate your operational and financial performance through extensive Consultancy Services.
With a wealth of experience spanning over 50 years in the MENA region and Pakistan, our customized Advisory Services link industry obstacles and forward-thinking solutions, paving the way for sustainable business growth.

Financial & Risk Advisory

Our Financial & Risk Advisory services offer the guidance and expertise you need to navigate the ever-changing finance and risk management world.
We provide strategic insights and practical solutions to safeguard your assets and optimize financial operations.

IFRS Advisory & Accounting Services

Get expert support to navigate complex accounting issues, ensure compliance with International Financial Reporting Standards (IFRS), and gain clear insights into your financial reporting. Our IFRS Advisory Services in this area include:

  • IFRS 2: We navigate complex share-based payment accounting standards and ensure accurate financial reporting.
  • IFRS 3: Get expert guidance on mergers and acquisitions accounting under IFRS 3.
  • IFRS 9: Implement and comply with IFRS 9 for recognition and measurement of financial instruments.
  • IFRS 13: We help you ensure accurate, fair value measurement for financial instruments and other assets or liabilities as required by IFRS 13.
  • IFRS 15: Implement and comply with the revenue recognition requirements in contracts with customers under IFRS 15.
  • IFRS 16: We will help you Understand and comply with the new leasing standard, IFRS 16.
  • IFRS 17: Our team stays updated on the latest standards, including IFRS 17 for insurance contracts.
  • IAS 36: Ensure proper assessment and accounting for potential impairment of your assets.
  • General high-end Operational Advisory: Receive strategic guidance on optimizing your financial operations.
  • Financial Reporting: Gain clarity and transparency with accurate and compliant financial statements.

Internal Audit & Governance

Turn to Prima Consulting for Business Consulting Services to ensure that internal controls are strengthened, robust risk management frameworks are put in place, and thorough internal audits are conducted. Our Internal Audit Governance service offerings include:

  • Internal Audit and Consulting: Combine internal audit expertise with strategic consulting for improved financial controls.
  • Sox 404, COSO, ICFR, internal controls framework implementation: Ensure compliance with crucial internal control frameworks like Sox 404 and COSO.
  • Enterprise Risk Management: Develop and implement a comprehensive enterprise risk management framework.
  • Entity Risk Profiling: Identify and assess key risks specific to your organization.
  • Governance, Risk, and Compliance (GRC) framework development: Establish a robust framework for effective governance, risk management, and compliance.
  • Environment, Social, and Governance (ESG) integration: Integrate ESG considerations into your risk management and governance practices.
  • Training: Equip your team with the technical and soft skills for adequate internal controls and risk management.

ECL Modelling and Derivative Pricing

Develop robust Expected Credit Loss (ECL) models, optimize derivative pricing strategies, and leverage machine learning for informed decision-making. These actions are crucial for achieving success and staying ahead in today's competitive environment. Our ECL Modelling and Derivative Pricing Consulting Solutions in this area include:

Actuarial Services

Our highly skilled team of actuaries offers extensive actuarial services to help you effectively manage your employee benefits and insurance programs.

Reserving, Pricing & Insurance Analytics

Ensure accurate reserving for your insurance products, develop data-driven pricing models, and leverage advanced analytics to optimize your insurance portfolio management. Our Reserving, Pricing and Insurance Analytics services include:

  • Appointed Actuary Services: Act as your appointed actuary, fulfilling all regulatory requirements.
  • Technical Reserves valuation: Calculate accurate technical reserves for your insurance liabilities.
  • Pricing & Ratemaking Services: Develop competitive and sustainable pricing models for your insurance products.
  • Actuarial Modeling: Build and utilize sophisticated actuarial models for informed decision-making.
  • Embedded Derivatives: Manage the risks and opportunities associated with embedded derivatives in insurance contracts.
  • Enterprise Risk Management: Integrate actuarial considerations into your enterprise risk management framework.
  • Reinsurance Assessment: Optimize your reinsurance strategy to manage risk and capital allocation effectively.
  • Auditor's expert for insurance reserve review: Provide independent expertise during the audit of your insurance reserves.
  • Insurance Data Analytics: Leverage data analytics to gain deeper insights into your insurance portfolio and identify opportunities for improvement.

Employee Benefits Valuation

Ensure compliance with relevant regulations, optimize your benefit plans, and make informed decisions about your employee benefits strategy. Our Employee benefits valuation services include:

  • IAS 19 Valuations: Comply with IAS 19 reporting requirements for employee benefit plans.
  • Auditor’s Expert Review: Provide independent review and support during the audit process of your employee benefit plans.
  • New schemes setup: Design and implement new employee benefit plans that meet your business objectives.
  • Benefit harmonization: Streamline and standardize employee benefits across different locations or subsidiaries.
  • Asset Liability Modelling: Develop robust models to assess the financial health of your employee benefit plans.
  • Replacement Ratio Studies: Analyze the effectiveness of your retirement plans in replacing employee income upon retirement.
  • DB to DC Conversion: We can guide you through converting from a defined benefit to a defined contribution plan.
  • Fund termination: Manage the closure of employee benefit plans efficiently and compliantly.
  • Expense and cashflow studies: Gain insights into future costs and cash flow requirements of your employee benefit plans.

Management Consulting

Our Management Consulting services are designed to drive businesses to streamline operations, boost financial performance, and accomplish strategic objectives.

Management Consultancy

We offer a comprehensive range of Management Consulting Services tailored to your needs. Our Business Consulting Solutions include:

  • Business Advisory: Gain strategic guidance on critical business decisions to achieve long-term goals.
  • Business Process Management (BPM): Optimize your business processes for efficiency and effectiveness.
  • Financial Planning and Analysis (FP&A): Develop robust financial plans, forecasts, and budgets to drive informed decision-making.
  • SOPs review and assessment: Evaluate and improve your Standard Operating Procedures for consistency and efficiency.
  • Virtual CxO Services: Access the expertise of experienced CxOs (Chief Experience Officers) virtually.
  • Business Strategy Reviews: Conduct comprehensive reviews of your business strategy to identify areas for improvement and growth.
  • Business and Financial Modelling: Develop financial models to assess the feasibility and profitability of business ventures.
  • Review of Pricing Strategy and Campaigns: Analyze and optimize your strategy and marketing campaigns for maximum impact.
  • Feasibility Studies: Conduct thorough feasibility studies to assess the viability of new business ventures or projects.

Private/Family Office Governance

Prima Consulting delivers specialized governance services that empower family offices and businesses to establish strong governance structures, guaranteeing long-term stability and success.

Circle of Family

Our services cater to the unique needs of families seeking to build a robust governance framework. Our Family Office Governance solutions include:

  • Development of Family Charter: Establish a foundational document outlining the family's values, goals, and governance principles.
  • Development of Family Council and ToRs: Create a formal family council and define its Terms of Reference for effective decision-making.
  • Family Shareholder Council: Develop Terms of Reference for a Family Shareholder Council to oversee ownership and voting rights within the family business.
  • G1/G2/G3 Working Groups and Committees: Facilitate forming and operating working groups or committees focused on specific family or business objectives (Generations 1, 2, and 3 denote family member involvement).
  • Shareholding Agreement: Draft and implement a Shareholding Agreement to govern ownership and transfer of shares within the family business.

Circle of Business

Our services ensure effective governance practices within your business entity. Our Business Governance Consulting Solutions include:

  • Board of Directors and its committees: Support the effective functioning of the Board of Directors and its committees through best-practice guidance.
  • Transformation of controls through Hold Companies: Implement efficient control structures using holding companies.
  • Risk Management Framework: Develop and implement a robust risk management framework to identify, assess, and mitigate business risks.
  • Asset Portfolio Evaluation Matrix: Establish a framework for effectively evaluating and managing your asset portfolio.
  • Community Service: Develop and integrate a community service strategy that aligns with your family or business values.

Why Partner with Prima Consulting?

Tailored Expertise & Local Knowledge

Our team combines deep regional experience with industry-leading expertise. This translates to Consulting Services that are effective and relevant to the specific context of your business in the MENA region.

Data-Driven Decisions for Long-Term Success

Our Advisory Services empower you to make informed choices based on data analysis. This translates to significant benefits: improved efficiency, increased profitability, and substantially reduced business risks. We help you navigate challenges and achieve long-term stability.

Holistic Approach to Business Growth

We offer a comprehensive suite of Business Consulting Solutions under one roof. From Financial & Risk Advisory to Management Consulting, we provide a cohesive approach that addresses all aspects of your business, streamlining operations and propelling sustainable growth.

Building a Foundation for Your Future

Strong governance is the cornerstone of any successful business. Our Governance Consulting Solutions equip you with the tools and strategies to build a robust framework, ensuring long-term stability and setting your business up for enduring success.

Frequently Asked Questions

By partnering with Prima Consulting, you gain access to a team of experienced professionals who can help you:

  • Improve financial reporting accuracy and compliance.
  • Optimize employee benefit plans and insurance portfolios.
  • Streamline business processes and enhance financial performance.
  • Establish strong governance structures for long-term success.
  • Mitigate risk and make informed financial decisions.

We offer a comprehensive range of consultancy services, including:

  • Financial & Risk Advisory
  • Actuarial Services
  • Management Consulting
  • Private/Family Office Governance

Our services cost depends on your business's specific needs and the project's scope. We offer flexible engagement models to accommodate your budget and requirements. Contact us today for a free consultation to discuss your specific needs and receive a customized quote.

Our initial consultation is free and confidential. During this consultation, we will take the time to understand your business, challenges, and goals. We will then discuss how our services can help you achieve your objectives.

Our team has extensive experience working with businesses across various industries in the MENA region. We can leverage our industry knowledge to provide tailored solutions that meet your needs.

Contact us today to schedule a free consultation! We look forward to discussing how we can help you achieve your financial and risk management goals.

Prima Consulting offers a comprehensive range of consultancy services categorized into four main areas:

  • Financial & Risk Advisory: Our team provides guidance and expertise in navigating financial reporting standards, internal controls, and risk management frameworks.
  • Actuarial Services: We offer a suite of services to optimize employee benefit plans, ensure accurate insurance reserving, and leverage data-driven insights for informed decision-making.
  • Management Consulting: Our consultants help businesses streamline operations, enhance financial planning and analysis, and develop winning business strategies.
  • Private/Family Office Governance: We establish strong structures for family offices and business entities, fostering long-term stability and success.

Absolutely! Our Advisory Services are designed to address a wide range of business challenges. During our free consultation, we'll discuss your situation and recommend the most appropriate services to address your needs. Whether you need help with IFRS compliance, risk management strategy, or employee benefit plan optimization, our experienced advisors can provide your guidance.

Prima Consulting differentiates itself through several key aspects:

  • Tailored Approach: We don't offer a one-size-fits-all solution. We take the time to understand your unique business, challenges, and goals before developing customized consulting solutions that effectively address your specific needs.
  • Deep Industry Expertise: Our team boasts extensive experience across various industries within the MENA region. We can leverage industry-specific knowledge and best practices to deliver impactful solutions.
  • Proven Track Record: We have a well-established history of helping businesses achieve their financial and risk management objectives. Our proven methodologies and successful track record ensure you're partnering with a reliable advisor.

Partnering with a Business Consulting firm like Prima Consulting offers numerous benefits, including:

  • Improved Efficiency and Effectiveness: Our consultants can help you streamline your operations, optimize processes, and identify areas for improvement, leading to increased efficiency and effectiveness.
  • Enhanced Decision-Making: We provide data-driven insights and strategic guidance to empower you to make informed decisions that drive growth and profitability.
  • Reduced Risk: Through proactive risk management strategies and best practices, we can help you mitigate potential risks and safeguard your business from unforeseen challenges.
  • Access to Expertise: Our team of experienced professionals possesses a deep understanding of financial management, risk mitigation, and business strategy, providing valuable expertise you may not have in-house.

Contact Us

Ready to elevate your business with Prima Consulting? Fill out the form below to discuss your needs with our experts and discover how we can help you achieve your business goals.

Your benefits:
What happens next?
1

We Schedule a call at your convenience 

2

We do a discovery and consulting meeting 

3

We prepare a proposal 

Schedule a Free Consultation