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NAUFAL M & COMPANY

Financial rigour for the work that demands judgement

We stay close to Saudi accounting, Zakat and reporting requirements, then bring deeper analysis to matters involving valuation, investment or a change in ownership.

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How We Work
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ABOUT NMC

A practice shaped by the businesses it has worked with

Naufal M & Company has grown through years of working with businesses at different stages, from established enterprises to organisations navigating change.

 

That experience has shaped a practice with wider capability, a growing team and a presence across multiple offices, while keeping professional rigour at its core.

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Years guiding clients through change, across India and abroad

15+

OUR SERVICES

The areas of practice behind our work

From daily accounting and Zakat workpapers to technical reporting and transaction work, our practice is structured around the financial work Saudi engagements require.

Accounting & reporting

Accounting & reporting

Reliable reporting begins with the treatment of individual transactions and a consistent closing process.
Zakat & tax

Zakat & tax

Saudi Zakat and income-tax calculations depend on the applicable ownership and tax position.
VAT & e-invoicing

VAT & e-invoicing

Indirect-tax requirements vary between Gulf jurisdictions.
Audit engagement support

Audit engagement support

Financial statements and their supporting records must withstand examination under the procedures of the responsible local audit firm.
IFRS & group reporting

IFRS & group reporting

Group reporting requires consistent treatment of transactions while recognising the standards applicable in each jurisdiction.
Transactions & valuation

Transactions & valuation

Investment and ownership decisions require examination of financial performance beyond the figures reported in the accounts.
Finance function & advisory

Finance function & advisory

Financial reporting must also provide a basis for assessing liquidity and future commitments.
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THE NMC APPROACH

Built on the fundamentals. Ready for what comes next

The discipline of a Chartered Accountancy practice remains the foundation. We go further when the business needs deeper analysis, preparation or specialist financial work.

01

Get the fundamentals right

Reliable reporting, compliance and financial discipline create the base on which more complex work depends.

02

Look beneath the numbers

Understand the assumptions, financial drivers and issues sitting behind the reported position.

03

Prepare for greater scrutiny

Strengthen the financial information when investors, lenders, buyers or other stakeholders need to examine it more closely.

04

Bring in specialist
depth

Extend the work into valuation, transactions, capital readiness or finance-function support when the situation calls for it.

WHERE NMC FITS

When the financial question becomes bigger than the routine

Certain moments change what management needs from finance. These are the points at which deeper financial work becomes useful.

Preparing financial statements

Preparing financial statements takes more than a trial balance. Accounting policies, disclosures, and adjustments need a clear basis.

Addressing Zakat and tax matters

Zakat and income tax may apply differently depending on ownership. Supporting records must make that distinction clear.

Considering an acquisition

Before an acquisition, earnings, working capital and financial assumptions need examination beyond reported results.

Strengthening financial processes

As reporting grows more complex, invoice data, closing processes, and internal controls must develop alongside the business.

Global Presence | NMC
Global Presence

One financial partner across multiple markets

Businesses operating across borders should not have to rebuild the financial conversation in every market. NMC brings continuity while accounting for the requirements of each jurisdiction.

Head Office India
Americas USA
Europe EU Region
GCC
  • Saudi Arabia
  • Qatar
  • UAE

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INDUSTRY INSIGHTS

Industry expertise that matters

NMC offers industry-focused financial guidance and compliance support to help businesses operate efficiently and grow confidently.

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INSIGHTS

Insights from NMC

Articles and updates shaped by the developments and questions we encounter through our work.

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Saudi e-invoicing: Wave 25 and the February 2027 integration deadline
TAX & REGULATORY

Saudi e-invoicing: Wave 25 and the February 2027 integration deadline

ZATCA’s Wave 25 includes taxpayers whose VAT-subject revenues exceeded SAR 187,500 in any year from 2022 to 2025.

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Zakat and income tax: The role of entity ownership
ZAKAT & TAX

Zakat and income tax: The role of entity ownership

Zakat and income tax need not apply to the same ownership interest.

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Saudi IFRS: The detail in consolidated accounts
FINANCIAL REPORTING

Saudi IFRS: The detail in consolidated accounts

Group accounts raise issues beyond adding together entity balances.

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CONNECT WITH NMC

The right work starts with a conversation

Tell us about the assignment you have in mind. We’ll discuss what it involves and how NMC may contribute.

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