Omani Finance Delegation Visits Riyadh to Study Saudi Asset and Accounting Reforms

KSA, 15 May, 2025 : On Wednesday, May 14, 2025, a delegation from Oman’s Ministry of Finance visited the Saudi Ministry of Finance in Riyadh to review Saudi Arabia’s transition from cash to accrual accounting and its initiative to inventory, control, and evaluate government assets.

Chaired by Saudi officials including Abdullah Al-Muhdhal, Head of the Accrual Accounting Center, the meeting featured presentations on real estate asset evaluation and key implementation stages of Saudi financial reforms. The Omani delegation was led by Eng. Hilal Al Zadjali and other senior officials.

The visit supports efforts to strengthen bilateral cooperation and improve public finance systems, aligning with the goals of Saudi Vision 2030.