Saudi Arabia, South Korea sign MoU to boost audit expertise

The agreement was signed by Hussam Alangari, president of the GCA, and BAI chair Choe Jae-hae, with Saudi Ambassador to South Korea Sami Alsadhan in attendance. (Supplied)
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Updated 18 August 2025
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Saudi Arabia, South Korea sign MoU to boost audit expertise

  • Choe emphasized that the MoU will enhance joint work, boost performance efficiency, and improve auditing quality

RIYADH: Saudi Arabia’s General Court of Audit and South Korea’s Board of Audit and Inspection signed a memorandum of understanding in Seoul on Monday to strengthen cooperation in accounting, auditing, and professional practices.

The agreement was signed by Hussam Alangari, president of the GCA, and BAI chair Choe Jae-hae, with Saudi Ambassador to South Korea Sami Alsadhan in attendance.

The MoU aims to exchange expertise, build professional capacities, and develop manuals for financial, compliance, and performance auditing. Joint workshops and training programs will support these goals.

Alangari said the agreement reflects GCA’s regional and international standing and its role in sharing expertise with member institutions.

Choe emphasized that the MoU will enhance joint work, boost performance efficiency, and improve auditing quality.

 


Coalition marks decade of joint security efforts

Updated 5 sec ago
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Coalition marks decade of joint security efforts

RIYADH: The Islamic Military Counter Terrorism Coalition marked its 10th anniversary on Dec. 15, celebrating a decade of joint institutional efforts to enhance security and counter terrorism and extremism worldwide.

Established in 2015 on the initiative of King Salman and launched under the patronage of Crown Prince Mohammed bin Salman, the coalition aims to unify the Muslim world against transnational terrorism.

A key milestone came in 2023 when Minister of Defense Prince Khalid bin Salman became chairman of the coalition’s Council of Ministers of Defense, ushering in a new phase of strengthened oversight and strategic momentum.

In February 2024, Prince Khalid reaffirmed this commitment by announcing SR100 million ($27 million) in Saudi funding, along with 46 specialized training scholarships for member states.

Over the past decade, the coalition has implemented an integrated operational model built on four pillars — intellectual, media, countering terrorist financing, and military — benefiting thousands of trainees.

Maj. Gen. Mohammed Al-Moghedi, the coalition’s secretary-general, said that the anniversary marked an opportunity to assess progress and plan for the future.

He added that, with continued support from the Kingdom, the coalition would expand initiatives focused on sustainability, knowledge transfer and deeper partnerships to strengthen security, peace and moderation.