(MENAFN- Arab News) Institute of chartered accountants of pakistan (icap) ksa chapter conducted a financial training course on 'financial modeling and equity valuation: concepts and practice" in riyadh in collaboration with socpa.

the course was attended by more than 50 finance executives including members of socpa and accounting bodies from pakistan and other arab countries.

the course was 'overwhelmingly appreciated by all the attendants" because the trainers introduced the most modern financial tools and techniques to be used for valuing a company or creating financial models.

one of the attendants a saudi finance director in a local company commented: 'it is very difficult to find such courses in this market where the underlying finance concepts are discussed in addition to the spread sheet techniques."

the trainers were asad zain and aakif hasnat both chartered accountants from icap as well as members of other international bodies from the us/the uk and australia respectively.

icap ksa chapter is a body formed under a memorandum of understanding (mou) between socpa and icap and operates with the support of pakistani embassy in saudi arabia. it is very actively involved in training developing and fostering the local talent as well as updating the knowledge of its own members based in the kingdom by conducting monthly training sessions on most relevant finance topics ranging from updates in ifrs to tax/zakat matters.

the courses have nominal entry fee which just covers the dinner cost of attendants and the forum openly welcomes the saudi nationals (socpa members or otherwise) so as to achieve their goal of training as many saudi nationals as possible in an effort to further strengthen the relationship between saudi arabia and pakistan.

icap ksa chapter president muhammad iqbal shares the vision with other members of developing the saudi talent 'as a payback to the locals for hosting us in this country."