During the fifth edition of the Real Estate Future Forum, held in Riyadh, Dr. Ahmed bin Abdullah Almeghames, CEO of the Saudi Organization for Chartered and Professional Accountants (SOCPA), took part in a panel discussion titled "Impact Investing in Real Estate: Creating Social and Environmental Change." In his remarks, he highlighted the critical role that professional accounting standards play in supporting the economy and strengthening the impact of real estate investment.
Dr. Almeghames noted that professional standards in accounting are no longer merely technical requirements or regulatory obligations. They have become essential infrastructure for building economic confidence and ensuring market transparency. He added that today's investment environment calls for a strong commitment to professional standards and practices to drive positive social and environmental outcomes, stressing that these standards help protect both investors and communities.
During his remarks, Dr. Almeghames also spotlighted the Kingdom's leading position in applying professional accounting standards. He pointed out that Saudi Arabia is the only country in the region to have fully adopted international accounting and auditing standards across all entities and sectors, reflecting its leadership in advancing financial governance and driving economic growth in line with the highest global standards.
SOCPA CEO's participation in the Real Estate Future Forum underscores SOCPA's pivotal role in developing and implementing professional accounting and auditing standards at both the local and regional levels. It also reaffirms SOCPA's commitment to aligning these standards with international best practices, contributing to greater transparency and governance across economic sectors and fostering a sustainable investment environment, particularly in the real estate sector.