Opal Business Advisory Profile Version 3

Your partner in handling your back office

1. OPAL BUSINESS ADVISORY www.opal-advisory.com

2. Table of Content Who We Are Our Services Market We Serve Our Leadership Credentials Contact Us www.opal-advisory.com

3. Who We Are www.opal-advisory.com

4. Who We Are OPAL BUSINESS ADVISORY is an integrated consulting team of professionals from numerous industries that bring innovative solutions when it comes to Accounting, Tax and other complex business challenges. Our purpose is to bring innovative and sustainable solutions to complex business problems in today’s rapidly changing world. We help your business in implementing leading industry practices in their routine operations. From Accounting and Taxation to Management & IT Consultancy to Performance Improvement and Financial Advisory, we work with our clients from strategy to execution to bring innovative solution and what’s next in the business world. YOUR SUCCESS, OUR BUSINESS

5. Our Vision, Mission and Quality Statement To be a valued partner and trusted advisor to our clients and deliver reliable cost-effective professional services. To provide exceptional quality service, solutions and value to our customers. We don’t want to be the biggest but we do want to be the best . VISION MISSION QUALITY STATEMENT

6. Who We Are - Our Values

7. Our Services www.opal-advisory.com

8. Our Services Across a diverse range of disciplines and through the collaboration of experienced professionals, we provide Accounting, Audit support, Bookkeeping, Legal Tax services and Comprehensive Advisory services optimized to meet our clients’ business challenges using a distinctive, global perspective and a commitment and capability to deliver. Accounting & Assurance Services Opal provides assistance on critical issues arising from changes in accounting standards and regulatory requirements, new business activities and business acquisitions. We provide accounting and bookkeeping services to our clients. We help our clients in maintaining their payroll and their accounting function. We provide full IFRS services to large as well as SMEs and also GAAP conversion and implementations services. Management Consultancy Opal Consulting team combines local expertise with our international network to help solve business challenges by reducing cost & help in strategic planning, integrating acquisitions and improving operational effectiveness. we offer industry and functional business performance knowledge and the insight of others through our consulting alliances and analytical tools which enable our clients to run their businesses more effectively and efficiently. Legal Opal legal team specializes in providing expert advice and practical assistance to clients both in Pakistan and Middle East. We are committed to providing practical solutions to complex issues faced by clients and establishing better industry practices. Our legal team has expertise in international trade, contractual law, employment and labor law. Financial Advisory Opal help organizations drive inclusive growth by focusing on their capital and transaction strategy through to execution to value creation. In a rapidly changing, technology driven and disrupted business environment, we help in bringing new products and innovation to market and enable organizations to reshape themselves for a better future. IT Consultancy Technology is the hallmark for businesses. Every organization’s needs are different. Opal helps its clients to see the big business picture, with technology as a key part and driver of it. Our collaboration with international professional services firms enable our clients to design better outcomes and deliver long-lasting results . Tax Services Opal helps identifying risk areas and sustainable planning opportunities for taxes throughout the tax life cycle, helping clients meet their compliance obligations and business goals. We can support full or partial VAT compliance outsourcing, identify the right partial exemption method and review accounting systems. We help you in submitting individual and sales return to tax authorities. We offer full Zakat services to middle east clients. Actuarial Services Opal is providing actuarial services in middle east through our affiliate partner actuary. Our actuarial team has catered to clients hailing from Pakistan, KSA, UAE, India, Kenya, Kazakhstan and Uganda. As such, they are well-versed in the numerous regulatory and valuation requirements of a whole assortment of long-term and short-term benefit schemes. These include, but are not limited to, the following: End of Service Benefits Leave Encashment Post Retirement Medical benefits

9. Our Services Accounting & Assurance Services www.opal-advisory.com

10. Our Services – Accounting & Assurance Services Organizations are working in a rapidly changing business world, with progressively complex regulatory requirements. In such conditions, it is crucial to keep up certainty and trust. The motivation behind Opal Assurance services is to move the certainty and trust that help empower a perplexing world to work. Opal Accounting & Assurance services help to help organizations in advancing investors confidence, overseeing regulatory duties and supporting long haul, economic growth. Accounting & Bookkeeping Opal provides assistance on critical issues arising from changes in accounting standards and regulatory requirements, new business activities and business acquisitions. We provide accounting and bookkeeping services to our clients. We help our clients in maintaining their accounting function. The technology, coupled with our team’s proven experience, elevates accounting and bookkeeping to a new level of efficiency, insight and results Payroll Management Opal tailors payroll services to address your issues and to ensure you conform to every single nearby guideline and to reduce the work burden on your staff and allow management to focus on core business. Our services include but not limited to: Payroll Preparation for organization’s staff Payroll Management Submission of payroll withholding taxes into the government treasury Finance Support Services Investors and other stakeholders expect that management should show a clear understanding of how business works. They demand corporate information, productive review execution and a guarantee to progressive improvement. We provide: Treasury Services Corporate Governance Services Consolidation Services Accounting Compliance & Reporting (ACR) Our team can help you build a strong data foundation to enhance the proficiency of your compliance and reporting processes. Our ACR services include but not limited to: Statutory reporting services Accelerating GAAP, IFRS and IPSAS conversions Post-general ledger "record" accounting and data gathering and analysis. IFRS Services Opal helps organizations to effectively complete the transformation to IFRS. Our aim is to provide a tailored service for our clients in order to accompany them in the transition to IFRS . Our IFRS services include but limited to: Gap Analysis Implementation, preparation of IFRS reports and financial statements IFRS training solutions.

11. Our Services Management Consultancy www.opal-advisory.com

12. Our Services – Management Consultancy Management Consultants help organizations to comprehend issues, create value, augment development and improve business execution. They utilize their business aptitudes to give target counsel and ability, and help an association to build up any pro aptitudes that it might be lacking. Risk Our Risk Transformation Consulting Services group helps Boards and top management build risk-aware organization that settle on better choices to accomplish their key targets. We assist you with characterizing your universe dependent on key, monetary and operational objectives ("risk appetite") and arrange the dangers you should grasp, keep away from or relieve ("risk strategy"). This adjusts your risks to your motivation and business strategy. Opal’s Risk Consulting team helps you with: Board Advisory Enterprise Risk Management Risk Function Optimization Advance Risk Analytics and Foresights Program Risk Management Regulatory Compliance Risk as-a-service Internal Audit Organization’s dependence on Internal Audit (IA) function is increasing day by day. Our IA services help organization in getting insights into emerging and possible risks and adding value to the organizations. Our IA team services are adaptable and versatile to assist you with accomplishing your ideal future state while adjusting cost-adequacy, better risk inclusion and value addition to your organization. Opal’s IA services include but not limited to: Internal Audit Co-Source and Outsourcing Internal Audit Diagnostic Internal Audit Transformation Internal Audit SOX Control testing Performance Improvement Performance Improvement (PI) can assist you in solving complex business challenges and issues that are common as organizations try to change themselves in today's digital and fast changing world. We work with you to rethink or change your business purpose and model; make development; manage cost and proficiency; respond to market pressures and regulations; and resolve operational difficulties. Opal’s PI team helps you in: Process Improvement Business Process Re-Engineering Financial Statement Close Process Assessment Working Capital Assessment Internal Controls Effectiveness Global Business Services

13. Our Services Tax Services www.opal-advisory.com

14. Our team of experienced tax experts can help you in accomplishing your objectives over a wide range of tax and accounting activities and encourages you manage the quickly expanding complexity of the tax environment. we combine our diversified knowledge and experience with people and clients With technology support that make us a perfect accomplice for your tax related needs. Opal has competencies in business tax, international tax, transaction tax and tax-related issues associated with people, compliance and reporting and law. We invite you to utilize our experience, knowledge and business insights to help you succeed. Our Services – Tax Services Private Client Tax Services Opal tax professionals offer a wide variety of services that are associated with supporting the ownership, management and preservation of privately-owned businesses and wealth. These include personal and family tax advice, business tax advice, structuring, compliance and reporting, family and business governance, wealth transfer and succession planning, asset protection and family office advisory and support services. Opal’s “Private Client Tax Services” include but not limited to: NTN/ STRN Registration Income Tax Return Submission Advice and support in Tax Notices, tax audit and Tax audits . Corporate Income Tax Opal’s corporate tax professionals specialize in gaining an in-depth understanding of your business and the tax issues that impact them.  We offer tax advice that will increase your tax benefits and reduce potential tax risks. Opal’s Corporate Tax Services include but not limited to: Advice on corporate tax issues Effective tax strategies for better tax management Support and Advice during a tax audit Assessment of final tax rate in order to improve Advice and Support in understanding and implementing regulations Indirect Tax Opal’s Indirect Tax team has multi-disciplinary approach to deliver the solutions you need today, and face the indirect tax challenges in during the course of business. with the complications from the new regulations and capital requirements, it is more critical than ever to manage indirect taxes with focus on optimizing cash flow and reducing risk. Opal’s Indirect Tax services include but not limited to: Identification of potential risks and opportunities through a diagnostic VAT review Support in Tax Audit and litigations Advice on internal procedures and risk management pertaining to indirect taxes Assistance in drafting of individual inquiries of regulators and discussion with tax authorities. Zakat Services Opal's Zakat and tax team assist capitalize on opportunities that focus on understanding customer's needs and knowing which solution can best address them. Our targets are to minimize the overall tax rate, which is important to achieving performance objectives. We provide our clients with the circulars issued by the Zakat & Income Tax Department, our Zakat & Income Tax services include the preparation of the Zakat & Income Tax declaration, preparation and submission of rebuttals and their discussion with the authorities, and finalization to obtain the final certificates

15. Our Services Financial Advisory Services www.opal-advisory.com

16. By understanding your business and the issues and challenges you are facing, our Financial Advisory Services (FAS) Team use local and global knowledge to help you challenge conventions and introduce and deliver strategies that work vividly for you. Our Services – Financial Advisory Services Corporate Finance We help corporates, private equity, governments, private and family businesses, and educational institutions with their key financial issues. From portfolio review and capital allocation processes to financial planning analytics and decision support, we have the people, analytics and tools to help you better allocate capital. Our FAS team helps you deal with your risk/return trade offs to help you with better decision-making around financing and capital productivity. Opal’s Corporate Finance Services include but not limited to: Corporate Finance Strategy Valuation, Modelling and Economics Initial Public Offerings (IPO) Due Diligence Financial projections Mergers and Acquisition Advisory Opal works with customers going from corporate and privately-owned companies to private value and management team. We advise on all perspectives with respect to M&A procedure, deal execution - and provide insight of industry information and local market understanding. Clients can rely upon our specialists to lead or support transactions requiring explicit expertise on issues including business modelling, fast-track M&A, financial counseling, and government/public sector advice. With our experience, information, and tools, we deliver insights of knowledge and guidance that can assist clients avoid many risks of complex business deals and benefit from a M&A transaction that can meet stakeholders targets and expectations. Project Finance and Project Assessment Opal’s FAS team has experience of working with big organizations like World Bank, USAID, UN agencies. Our team has provided advice on various projects and helped donors in providing funds to government and Non Profit Organizations (NPO) based on risks associated.

17. IT Consultancy Services www.opal-advisory.com

18. Our Services – Information Technology Consultancy Services Business today depends on technology as never before –to drive transformation, productivity and global operations. Any technology initiative not tightly linked to specific, measurable business goals risks delivering an empty promise. Technology is about transactional solutions handling day-to-day operations. And, it’s a rich portfolio of applications and systems with wide functional breadth. Companies that integrate these assets for effective decision-making can drive their competitive advantage. Opal’s team takes an intense industry focus working with business leaders to solve their toughest challenges through applied innovation –backed by a network of global resources, deep strategic alliances, and full-spectrum delivery across strategy, implementation, management and operations. Technology Integration Our practice helps you bring focus to your toughest integration challenges across the technology lifecycle. From requirements to architecture, testing to deployment and beyond, we bring an integrated perspective. Strategy and Operations The service offered includes IT strategy formulation, IT project management, IT operations maintenance, supply chain transformation etc. Enterprise Application We help in identifying and working with the large IT vendors to help you take advantage of new technologies and approaches before your competitors make the first move. System Migration Opal's Data Migration team can help with getting your organization's information where it needs to go. Our team utilize demonstrated methodologies that include industry specific best practices and adhere to legal requirements and data privacy standards.

19. Legal Services www.opal-advisory.com

20. Our Services – Legal Service Opal’s legal team specializes in providing expert advice and practical assistance to clients both in Pakistan, middle east and other countries. We are committed to providing practical solutions to complex issues faced by clients and establishing market standards for others to follow. We strive to challenge conventions and push existing boundaries. With a dedicated team we are always available to assist our clients in overcoming any legal challenge. Opal Legal experts provide services in all major area including international trade and civil laws, employment and labor laws, contractual laws, civil and criminal laws, intellectual property rights, Insurance law etc. We also work closely with our colleagues in Audit, Tax, Enterprise Risk Services and other specialists, both internal and external, to provide a comprehensive service, tailored to the needs of the clients. Opal Team provides Pre-Incorporation Services (Consultation and Name Reservation) and Post-Incorporation Services (Bank Account Opening, Directors Tax registration, Entity Tax registration) in Pakistan, Saudi Arabia and Bahrain in setting up: Private Limited Companies Professional Firms/ Partnership Firm Branch Offices Representative Offices Public Shareholding Offices Incorporation Services

21. Markets We Serve www.opal-advisory.com

22. Sectors We Work In Markets We Serve* Government and Public Sector Healthcare Real estate and Construction Manufacturing Oil & Gas Financial Services Power and Utilities Education Pakistan Kingdom of Saudi Arabia Kingdom of Bahrain * Opal works together with its associate partners in providing services to clients across the borders . Our Footprints Hospitality Markets under Consideration* UAE Qatar United Kingdom Europe United States

23. Our Leadership www.opal-advisory.com

24. Our Leadership Shaheen Khan is a member of Association of Chartered Certified Accountants (ACCA) and holds Master in Commerce ( M.Com ) from Higher Education Commission (HEC), Pakistan. He previously worked with Ernst & Young in Pakistan and Saudi Arabia, where he built experience across the manufacturing development, real estate and construction services, health and financial services sectors. He has been involved in providing internal audit and internal controls related services to some of the biggest multinational and local companies. Shaheen has substantial experience in Internal Audit, External Audit & Assurance, Performance Improvement and Risk Assessment across all spectrum of industries. Said Ali is a Fellow member of Pakistan Institute of Public Finance Accountants and holds an MBA degree in Accounting and Finance. He previously worked with Deloitte Touche in Saudi Arabia & Europe, where he built up more than 16 years of experience across the manufacturing, services, insurance and financial services sectors. Also has worked with indirect tax team in eastern Europe with Deloitte whereby EU VAT was being implemented at the time. Ali has substantial experience in IFRS, SOCPA, Internal Audit, External Audit & Assurance across all spectrum of industries. Said Ali Partner [email protected] Shaheen Khan Partner [email protected]

25. Our Leadership Muhammad Khan is an MBA with more than 18 years of industry experience. He demonstrated expertise in all areas of process optimisation, auditing, Zakat, VAT implementation, business planning and analysis, integration and restructuring, change management, and corporate governance. Competent in financial reporting and auditing environments in GCC (major worked in Saudi Arabia) coupled with detailed knowledge of IFRS. Solid experience leading departments, such as accounting, controlling, and financial and regulatory reporting. His key competencies include: Zaheer Ahmed is an MBA and also has done International Certificate in Risk Management (ICRM),UK. He has passed Chartered Financial Analyst ( CFA), USA level 1. He has more than 25 years of industry experience. He was a faculty member in Institute of Business Administration (IBA), Pakistan. He has expertise in Financial Advisory Services for Company Valuation, Initial Public Offering (IPO), Mergers & Acquisitions (M&A), Rights Issues, Project Finance, Enterprise Risk Management, Equity Carve Out and Investment Analysis. He has substantial experience in implementing Enterprise Resource Planning (ERP) and Systems, Applications and Products (SAP). Zaheer Ahmed Head of Financial Advisory [email protected] Muhammad Khan Accounting Leader, KSA [email protected] Strategic & Tactical Financial Planning Corporate / Board Communication Stakeholder Relationship Revenue / Profit Share Optimization Financial Reporting Budget Administration / Management Financial Systems Design Group Tax & Fund Accounting Financial Statements & Budgeting Team Deliverables & Planning

26. Our Leadership Zaman is a Fellow member of Association of Chartered Certified Accountants (ACCA) and the Institute Of Chartered Accountants in England and Wales (“ICAEW”). He holds a B.Sc. (Hons.) degree in Applied Accounting from Oxford Brookes University UK. Zaman is the heading the Tax and Zakat department at the firm. He has previously worked with PricewaterhouseCoopers and Ernst & Young firms in Saudi Arabia, where he built up more than 19 years of experience. Zaman’s focus is corporate and international tax with an inward investment focus. He has substantial experience in assurance, structuring issues, tax minimization and cash repatriation strategies and tax due diligence work. In addition, he has exposure to indirect tax (VAT, GST) compliance & advisory. Ahmed is a member of Institute of Chartered Accountants of Pakistan (ICAP). He holds The Information System Audit and Control Association, USA certification. He has more than 12 years of professional experience. He has previously worked with Ernst & Young (EY) in Pakistan and UK. He also worked with Deloitte, KSA across different sectors, where he built up his expertise in Tax Return Filing, Account Reconciliation, Managerial Techniques, Compliance Testing, Financial Statement Analysis, Profit and Loss Management, Compliance Standards, Regulatory Filings IFRS and GAAP Proficiency, Budget Forecasting Expertise, Financial Strategy Management, Cash-Flow Report Generation and Statistical Analysis. Ahmed Siddique Head of Assurance, Pakistan [email protected] Zaman Iqbal Tax and Zakat Leader, Middle East [email protected]

27. Contact Us Saudi Arabia Office Address: Ainak District, Dammam, Saudi Arabia Mobile # [phone] Said Ali Email: [email protected] Bahrain Office Address# Busateen Area, Manama, Bahrain Mobile # [phone] Said Ali Email: [email protected] Pakistan Office Address: Office M7, Mezzanine Floor, Azeem Mansion, AK Fazl ul Haq Road, Blue Area, Islamabad, Pakistan Contact # [phone], [phone] Mobile # [phone] Shaheen Khan Email: [email protected] www.opal-advisory.com