Nesma & Partners and the Institute of Management Accountants sign a Memorandum of Understanding (MOU) to Advance Management Accounting

Al Khobar, Saudi Arabia, March 27, 2024 – Nesma & Partners, the leading contracting company in the Kingdom of Saudi Arabia, and the Institute of Management Accountants Inc. (IMA), one of the world's largest and most respected associations dedicated to advancing the management accounting profession, are proud to announce the signing of a Global Memorandum of Understanding (MOU). This strategic partnership bolsters worldwide cooperation and mutual commitment to expand the global relationship in critical areas of professional development and financial management.

The MoU underscores the significance of the Certified Management Accountant (CMA) professional certification, a testament to the strategic management courses. Nesma & Partners is actively championing the CMA certification among its employees, recognizing its potential to enhance their professional growth and career opportunities. Employees will also gain access to a wide array of courses offered by IMA-approved training providers, further enriching their skill set.

The collaboration extends to conferences and events, with Nesma & Partners leveraging its resources to foster and support employee participation in IMA-organized in-person or virtual events. This includes the prestigious IMA's Annual Conference and Exhibition, where employees may have the chance to share their insights and experiences, thereby amplifying their professional presence and network.

Samer Abdul Samad, President & CEO of Nesma & Partners, shared his excitement about this strategic partnership: “This partnership signifies not just a commitment to excellence in our respective fields, but also a shared vision of innovation and collaboration. Together, we will redefine industry standards, drive transformative projects, and pave the way for a brighter future”.

As part of the Memorandum of Understanding (MOU), Nesma & Partners will inform its workforce about the numerous advantages of becoming members of the IMA and using its assets for Continued Professional Education. Moreover, the MOU establishes a comprehensive framework for both parties to contribute towards talent development and financial transformation.

This strategic alliance marks a significant step forward in Nesma & Partners' journey towards a comprehensive transformation in management accounting practices. It reinforces the company's strategy to build a finance team that excels in planning for the future and creating added value. Through this partnership, both Nesma & Partners and IMA demonstrate a shared commitment to excellence, innovation, and the advancement of the management accounting profession on a global scale.

About the Institute of Management Accountants (IMA):

The Institute of Management Accountants (IMA) is a worldwide association of accountants and financial professionals working in business. The organization aims to support its members in their professional development, management, and ethical standards in accounting practices. It offers the Certified Management Accountant (CMA) certification, recognized globally and signifies financial management and strategy expertise. The IMA is committed to helping its members expand their professional skills, manage organizations effectively, and enhance their career opportunities through a variety of educational resources, networking events, and professional development programs.