Beyond Compliance: Precision IAS 19 Actuarial Valuations for the Modern Saudi Enterprise

In the complex financial landscape of the Kingdom of Saudi Arabia, managing employee benefit liabilities is no longer a check-the-box exercise. As organizations across the GCC seek greater transparency and financial stability, the need for high-precision actuarial valuations has never been more critical.

While many providers offer generic accounting services, Lux Actuaries delivers a specialized, independent alternative that bridges the gap between complex actuarial science and your bottom line.

The Lux Advantage: Independent, Local, Specialized

Unlike large, multi-disciplinary firms where actuarial work is often a secondary service line, Lux Actuaries is a dedicated actuarial powerhouse. As one of the largest independent actuarial consultancies in the region, we provide a level of focus and technical depth that global generalists simply cannot match.

Our approach to IAS 19 (IFRS) reporting is built on three core pillars:

1. Seamless Audit Integration We understand that an actuarial report is only as good as its ability to satisfy your auditors. Lux reports are designed "by actuaries for auditors." We present our findings in the exact formats required for financial statements, drastically reducing audit friction and ensuring your finance team can adopt the results with total confidence.
2. Regional Nuance, Global Standards The Middle East is a unique market with specific labor laws and demographic trends. Our team of over 25 qualified actuaries combines international technical expertise with a nuanced understanding of local GCC dynamics. Whether it is valuing End of Service Gratuities (EoSB), long-service awards, or post-retirement medical plans, our assumptions are grounded in the reality of the regional workforce.
3. Agile and Unconstrained As an independent firm, Lux is unconstrained by the rigid corporate policies that often slow down larger organizations. This allows us to offer pragmatic, tailored solutions and a personalized level of service. We don’t just deliver a report - we build long-term relationships, helping you manage employee costs and retention through data-driven insights.

Comprehensive Valuation Solutions

Our expertise extends across the full spectrum of employee benefit obligations, ensuring every liability on your balance sheet is accounted for with mathematical precision:

• End of Service Benefits (EoSB): Deep-dive valuations that account for salary growth, attrition, and discount rate sensitivity.
• Long Service Awards: Accurately measuring the impact of sabbatical leave and long-term loyalty bonuses.
• Repatriation Allowances: Technical projections for global workforces.
• Accrued Leave Encashment: Transforming "simple" leave balances into risk-adjusted financial disclosures.
• Post-Retirement Medical Plans: Specialized modeling for long-term healthcare inflation and mortality.

Moving Forward with Certainty

Your financial reporting deserves more than a standard valuation; it deserves the assurance of a partner who lives and breathes actuarial science. Lux Actuaries provides the clarity your C-suite needs and the technical rigor your auditors demand.

Partner with the region’s independent leader.

Contact Lux Actuaries today or Contact Us to see how our specialized valuation reports can elevate your financial reporting.