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Zubair SEC signs with one of its members towards extending accounting support services

Date: April 11, 2017

With the aim to enhance members’ capacities and professionalism, and provide cross selling opportunities for its members, Zubair Small Enterprises Centre (Zubair SEC) and CA Group Company have signed a Memorandum of Understanding (MoU). The cooperation between the two parties was signed in the presence of executive representatives of Zubair SEC and CA Group company.

The MoU establishes a framework according to which CA Group company will extend accounting and auditing services to Zubair SEC members.

Being one of Zubair SEC members itself, CA Group company is now one of the fast-growing Omani owned and led professional services firms. The company has been established to serve the auditing and advisory needs of businesses in a wide range of industries.

As per the agreement, CA Group company will use its experience to support and provide professional accounting and auditing services to Zubair SEC members at preferential rates. The firm will also engage in holding capacity building workshops for Zubair SEC members.

CA Group company has already been extending advisory services to some of Zubair SEC members. The company provides a full range of auditing, accounting, internal audit, taxation and advisory services to public and private companies in all industrial sectors.

Explaining the importance of this collaboration, Ali Shaker, Business Advisor at Zubair SEC said, “Proper management of financials and book keeping is key to the success of any business. While working with many of our members we have noticed that this is an area that many need assistance with. We also realized that one of our members, Sultan Al Siyabi, has his own company that provide those exact services. As such, this collaboration between us will help our members have access to professional assistance in this domain when such services are needed on regular basis, and on the other hand provide a cross selling opportunities for CA Group company to provide their services at preferential rates to our members, as part of our efforts to help in the business development of our members.”

Sultan Al Siyabi, CEO of CA Group company said: “it is vital to raise entrepreneurs’ awareness on the importance of accounting advisory and the role of proper accounting in achieving business success. Through this collaboration agreement with Zubair SEC, CA Group company will be providing financial advisory services to the Centre’s members”. He added: “most of the small businesses need such advisory services to further develop their capabilities in managing their resources according to well set studies to achieve sustainability. At CA Group company we provide top notch financial and accounting and taxation consultancy services which we considered the backbone for the performance of any business organisation”.

And as part of this new collaboration, Zubair SEC invited Sultan Al Siyabi to be a guest speaker at the Centre’s monthly “Tajribati” discussion session for March as he provided insight and comprehensive information to the attendees on the importance of proper financing and how to best handle taxation, shedding the light on the recent amendments in the taxation law concerning small and medium enterprises.

Zubair SEC is committed to helping young Omani entrepreneurs achieve their goals in business. The centre initiates such agreements to further empower and enable young entrepreneurs and equip them with the needed professional services and tools.

Zubair SEC, a flagship social impact initiative of The Zubair Corporation, has more than 450 members who have access to the centre’s advisory and capacity building services along with networking opportunities and business development support.