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Saad Farag Accounting OfficeSponsored
+2 0122 596 3003
+2 065 346 2810
Villa 7011, Touristic Center, Hurghada


Saad Farag 19 2

VALUES AND BELIEFS

People who build relationships based on doing the right thing.

Our values define who we are here at The Saad Farag Accounting Office. The beliefs engrained in our local firm guide our actions and behavior both professionally and personally. They influence the way we work with each other and more importantly, the way we serve our clients.

MISSION STATEMENT

Our mission here at The Saad Farag Accounting Office is simple, to provide the service of a superior caliber to all our clients and companies, big or small, assisting them in their goals towards, sustainability, growth, and compliance with Egyptian accounting standards. We here at The Saad Farag Accounting Office understand that responsiveness, awareness and personal attention to each and every client is imperative to our mutual success. 

ABOUT THE FOUNDERS OF THE FIRM

Saad Farag was born in Cairo, Egypt in 1925. He graduated in 1948 from Fouad I University where he dedicated his studies to accounting and taxation. Upon graduating, Saad Farag started a private accounting firm in 42 Abdel-Khalek Sarwat St, Downtown Cairo, Egypt.

Saad Farag appreciated the importance of quality in his firm’s work and believed in the idea that accounting information could be used to make better business decisions. This in turn would make a difference to his clients’ organizations. He inspired his staff to provide quality service to clients by delivering them accurate quarterly accounting reports in order to assist organization’s management in efficient decision-making.

- In 1983 Magdy Saad Farag graduated from Cairo University, with a degree in accounting.After completing his military service, he started his career as an auditor in El khaleeg Egyptian Arab bank in Egypt. By the end of 1984 he had joined his father, learning and benefiting from his expertise in accounting and auditing. With Saad Farag’s passing away in 1994, Magdy Farag eventually took responsibility for the firm.

Armed with his father’s experiences as well as his own, The Saad Farag Accounting Office soon started expanding:

- In 1999 Magdy Farag opened a branch in Hurghada, which caters to 30 companies in Hurghada and El Gouna including diving centers, diving equipment manufacturers and restaurants.

- In 2004 he relocated to larger premises in Downtown Cairo in order to be able to serve his growing number of clients more efficiently.

- The Saad Farag Accounting Office clientele includes:

1 - Grand Cairo Casinos who operate in Sonesta, Shepherd and Balloo Casino who operated in The Four Seasons Hotel until 2008

2 - Grand Misr Casino who operates in Sonesta Sharm el Sheikh

3 - El Fagr Newspaper

4 - Carmen Tissues

5 - Royal for Herbs

6 - Tamo Press

7 - United Beverage and Food (Cinnabon, Ruby, Tuesdays, Carvel) 

 

OUR GENERAL APPROACH

We here at The Saad Farag Accounting Office follow a general guideline to build successful mutually beneficial relationships with our clients and help them achieve their goals. We do so by prioritizing the following actions and priorities.

- Build sustainable tax strategies based on technical knowledge, combined with practical, commercial, legal and industry knowledge.

Provide the deep accounting and compliance knowledge you need for efficient reporting.

- Help you assess, improve and monitor your tax function’s processes.

- Supports you in managing your relationships with tax authorities effectively.

- Our talented staff will present a quality service will help you build the strong compliance and reporting foundations and sustainable tax strategies that help your business achieve its goals.

- With over 67 years of experience in accounting, auditing and taxation in Egypt, we here at The Saad Farag Accounting Office, know how to make a difference.

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