ECOVIS Al Sabti Saudi Arabia hosts landmark event on Digital Transformation in Internal Audit and Enterprise Risk Management

1 / 3
Norman Marks, Consultant and Author
2 / 3
3 / 3
Short Url
Updated 03 August 2025
Follow

ECOVIS Al Sabti Saudi Arabia hosts landmark event on Digital Transformation in Internal Audit and Enterprise Risk Management

Saad Saleh Al Sabti and Partners Co. Chartered Accountants and Auditors, ECOVIS Saudi Arabia (ECOVIS Al Sabti), in collaboration with TransVare® Corporation, hosted a high-impact event focused on “Digital Transformation in Internal Audit and Enterprise Risk Management Functions.” 

The event brought together over a hundred industry leaders, decision-makers, and professionals from diverse sectors, all keen to explore how digital innovation is transforming the risk and audit landscape.

The event commenced with a warm welcome address by Khaled Saad Al-Sabti, Managing Partner at ECOVIS Al-Sabti. 

He underscored the growing importance of digitalization in enhancing the effectiveness, agility, and value of internal audit and risk management functions. 

Khaled Saad Al-Sabti highlighted that in an era marked by rapid technological advancements, organizations must adapt to remain competitive and resilient.

A key highlight of the event was the keynote speech by Norman Marks, a globally renowned authority in risk management, internal audit, and corporate governance. 

His forward-looking insights offered a compelling vision of how organizations can modernize their governance, risk, and control frameworks in today’s fast-evolving environment.

The event concluded with live demonstrations of ECOVIS Al-Sabti and TransVare Corporation’s cutting-edge digital tools.

  • #ERMVare – an agile platform for Enterprise Risk Management 
  • #AuditVare – an advanced solution for Internal Audit Management 

These innovative solutions reflect the joint commitment of ECOVIS Al Sabti and TransVare Corporation USA to empower organizations through technology-driven governance, risk, and compliance strategies.

Muhammad Ghazali, Managing Director at ECOVIS Al Sabti, emphasized the importance of digitally transforming the Compliance function through competitive and user-friendly solutions available with local support in Saudi Arabia.

He also expressed his sincere gratitude to all participants for their presence, active engagement, and valuable contributions, which collectively ensured the event's resounding success.


GIB Capital strengthens regional leadership with $2.1bn ICM transactions

Updated 15 December 2025
Follow

GIB Capital strengthens regional leadership with $2.1bn ICM transactions

GIB Capital, one of the region’s leading financial and investment banking advisers, has announced the successful execution of three major international capital markets transactions in November, underscoring the firm’s growing influence and distribution strength across global debt markets.

In a single month, GIB Capital acted in joint lead manager roles across three landmark issuances — supporting clients in the banking, aviation and government sectors — and attracting an aggregate of more than $4.6 billion in investor demand from the Middle East, Europe, Asia, the UK and the US. These transactions, which collectively raised over $2.1 billion, further demonstrate the confidence international investors place in GCC issuers and the strategic value GIB Capital brings to each mandate.

The firm began the month by serving as joint global coordinator, joint lead manager and bookrunner on the inaugural ICM issuance for GIB — Saudi Arabia. The $500 million perpetual non-call 5.5-year additional Tier 1 instrument was priced on Nov. 5 and generated an impressive $1.3 billion in orders, achieving a 2.6-times oversubscribed orderbook. The strong participation from regional, UK, Asian and European investors reflect the bank’s robust credit fundamentals and GIB Capital’s ability to deliver global reach for its clients.

On the same day, GIB Capital also acted as joint lead manager and bookrunner for AviLease’s first-ever ICM transaction — an $850 million bond offering that attracted exceptionally strong interest, closing in at over 3.7 times oversubscribed orderbook. The transaction drew participation from a diverse pool of regional, US, UK, European and Asian investors, highlighting the appeal to Saudi Arabia’s fastest-growing aviation leasing company. 

Further reinforcing its leadership in Islamic finance, GIB Capital concluded the month as joint lead manager and bookrunner on the government of Sharjah’s $750 million sukuk issuance, priced on Nov. 18. The transaction secured $2 billion in orders, representing a 2.6-times oversubscribed orderbook, with interest coming primarily from regional, UK and European accounts. This issuance marked government of Sharjah’s first US dollar public issuance in 2025 and benefited from strong investor confidence toward Sharjah’s credit story and in GIB Capital’s advisory expertise.

Commenting on the milestone month, Osamah Mohammed Shaker, CEO of GIB Capital, said: “These three successful issuances reflect the depth of trust our clients place in GIB Capital and the strength of our distribution network across global markets. The robust oversubscriptions and high-quality investor participation are clear indicators of the continued confidence in GCC credit stories and the resilience of the region’s economic outlook. We remain committed to delivering best-in-class execution, innovative structuring, and strategic advisory that enable our clients to access international liquidity efficiently and competitively.”

With a growing portfolio of successful mandates, GIB Capital continues to expand its presence as a leading provider of debt capital markets solutions, capital markets advisory, mergers and acquisitions, debt advisory, asset management and brokerage services. Combining deep regional insight with global investor connectivity, the firm remains committed to supporting clients across sectors with innovative, tailored, and high-impact financial solutions.