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  • Faisaliah Tower, SP04, 4th floor King Fahad Road Riyadh 12212 Saudi Arabia
  • Info@sharkbx.com
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Financial Services

We empower businesses by providing expert financial services. Partnering with us means accessing a wealth of knowledge and experience in managing financial activities and ensuring compliance with pertinent regulations. Our tailored solutions enable companies to shift their focus to their core business objectives, with confidence in the competent handling of their financial needs.
Business Advisory

Feasibility Studies: Assess potential opportunities through market research covering various aspects such as market sizing, competitor assessment, and the latest technologies and trends in the market. Then develop detailed financial models identifying the critical success factors helping to make informed and key business strategy decisions.

Business Plans: In alignment with the company’s vision, craft comprehensive business plans outlining short- and long-term goals, as well as budgetary considerations, for the core pillars of the company.

Funding Proposal: We collaborate closely with you at every stage of securing a bank loan, focusing on the development of a meticulously crafted funding proposal that meets local banking requirements.


Gap Analysis: Identify gaps through an assessment of current operations and provide industry best practices recommendations that shall help in improving business efficiency, services, and profitability.

Accounting & Bookkeeping
Accounting & Bookkeeping is an essential aspect of financial management that helps businesses maintain accurate financial records, comply with regulatory requirements, and make informed business decisions. Recording, classifying, and summarizing financial transactions provide a clear and accurate picture of a company’s financial position. We deliver in accordance with the latest regulatory laws and with generally accepted accounting principles (GAAP). Our services include: Maintaining accurate records of a company’s day-to-day financial transactions including sales, purchases, expenses, and revenues. Invoicing customers, processing payments, and reconciling bank statements. Preparing bank and other key reconciliations. Taxation For foreign companies to do business across borders means complying with local regulations, reporting requirements, and statutory filings. Our obligation is to ensure companies remain in line with the taxation requirements of Zakat, Value Added Tax (VAT), and Corporate Income Tax (CIT) regulations. Our professional experts will assist companies navigate the taxation system, understand its nuances, and ensure compliance with the tax reports completed.
Management Reporting

Financial Statements: This will include preparing financial statements such as profit and loss statement, balance sheet, and cash flow statement. We will also prepare annual statutory accounts to provide an overview of the company’s financial performance and position.

Financial Reports: Based on the analysis, findings, and actionable recommendations will be prepared. Such reports may include financial statements, operational performance reports, budget variance analysis, forecasts, and others.

Customized Reports: The service includes providing customized reports based on the specific needs of the company. These reports would be generated depending on the reporting requirements.

Compliance Reports: we will generate reports on the company’s compliance with regulatory requirements and internal policies.

Governance

Framework: Allows leveraging the expertise of our professionals who are focused on setting the standards to govern the finance function and the wider company to align with the overall business strategy.

Compliance Assurance: Keeping abreast of the latest tax regulations and accounting standards, ensures remaining compliant with all legal requirements and minimizes the risk of errors and penalties associated with non-compliance.

Internal Controls: Setting up controls that will ensure the integrity of financial information, promote accountability, prevent inefficiencies in financial operations, and eliminate the risk of fraud. Such controls can be in the form of bank reconciliation controls, capital expenditure approval controls, invoice approval controls, and stock reconciliations.

Audit Support: Assist with internal audits or engage external auditors by providing financial records and documentation in addition to reviewing compliance processes and operational procedures to ensure adherence to regulations and identify areas for improvement.

Budget Control: Control and manage budgets, ensuring that expenses are within the allocated budget limits and identifying areas for cost savings.