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Mr. Loutfi Echhade
Loutfi K. Echhade has earned his Bachelor degree in Business Administration and Accounting from the American University of Beirut, Lebanon in1973
He has  also completed post Graduate Accounting Studies from the University of  Houston, Texas in 1979 U.S.A.
 Loutfi has gained wealth of proven, seasoned and broad range experience in key executive positions in assurance and  business Advisory Services with  the Big Professional Firms.
Loutfi currently serves as financial  and consulting advisor to a High Net Worth Family in Riyadh &  serves as a member of the Audit Committee of  Khorayef Group, SACO, ARASCO , All Khaleej for Training and Malaz Capital. He also serves as a member of the N&R Committee of SACO. In addition , he serves as a member of the IMA Board of Regents and the  Professional Standards Committee of the Texas State Society of CPAs.


Experience & Competencies




Overall responsibility for managing and completing advisory assignments to key family business groups in the MENA Region relating to developing family constitution (family charter) ,group restructuring and family and corporate governance protocols.


Overall responsibility for establishing and managing the Middle East & North Africa (MENA) Family Business Centre of Excellence.


Responsible for  planning organising & sponsorship family business conferences, roundtables and forums held in the Middle East & Europe.


Overall responsibility as the Global Client Services Partner, for planning, supervision, coordination, reviewing and completion of major audit assignments and issuance of audit reports and management letters. Audit assignments included large publicly listed companies, financial service companies (banks and insurance), major family business groups, investments, contracting, real estate, operation and management, telecom services, IT and retail.


Overall responsibility for ensuring audit execution in compliance with the Firm’s Technical Professional Standards and Generally Accepted Auditing Standards and local regulations.


Developed various options, alternatives and proposals to resolve key auditing, accounting and internal control issues.


Managed audit, tax and advisory teams across various services lines and geographies for several  assurance and advisory engagements and assignments.


Maintained strong and long-term professional relationships with key executives, board of directors, executive and audit committees.


Advised clients on accounting, auditing and governance issues, strategies and long-term plans.


Responsible for promoting the Firm’s name  and brand and enhancing its market share through business development functions, forums, conferences, technical workshops, social events and other businesses and civic activities.


Responsible for communicating new auditing, accounting and other professional pronouncements to existing and potential clients.


Involved in reviewing and evaluating the internal control structure and internal audit functions of major financial institutions, publicly listed and other diversified organizations.


Served on special assignments to clients to identify means of streamlining their operations, enhancing productivity, strengthening internal control, and improving profitability.


Developed accounting policies and procedures and internal audit manuals for a number of clients in manufacturing, construction, service and agriculture industries (in both the Arabic and English languages).


Managed several major projects pertaining to due diligence, investigations, merger and acquisition, business valuations, reorganization and restructuring.
Attended a significant number of continuing professional education courses sponsored by the Firm, the American Institute of CPAs, the Institute of Internal Auditors, St Gallen University, (Family Business Governance), Kellogg Program (EY Executive Program for Partners), Harvard Business School (Strategic Leadership Program) and other professional organizations.
Invited to speak at regional and local conferences and seminars on several important subjects, such as family and corporate governance, internal auditing, reputation risk, risk management, IFRS accounting budgeting and fraud.
Attained the IFRS Certificate from the AICPA- July 2017.
Obtained the certificate in Family Business Advising from the Family Firm Institute- July 2016.

International Professional & Business Affiliations


Member of the Ernst & Young Global and EMEIA Advisory Councils (Europe, Middle East, India & Africa) representing the MENA Area (Middle East & North Africa), in addition to the Middle East Advisory Council (2006 -2011).
Member of the Institute of Management Accountants (IMA) Advisory Committee to IFAC (2008-2011).
Member of the Professional Standards Committee (PSC) of the Texas State Society of CPA’s (2008 to present).
Member of the IMA Board of Directors, the IMA Planning and Development Committee, Governance Committee, Board of Regents, and the Performance oversight and Audit Committee of the IMA  (2009-present).
Contributed a number of articles and blogs on Family Business, Corporate Governance, Financial Reporting related topics to business magazines, IMA, and the Firm’s Family Business Blog.
Chairman of the Outreach Committee and a member of the ALUMNI association of the American University of Beirut Board of Directors and  the Business Chapter (2015-2017)






He is an active certified member of several international and well recognized professional organizations, such as:

 CPA, The American Institute of CPAs

CGMA, The American Institutes of CPAs

CFF, The American Institute of CPAs

CIA, The Institute of Internal Auditors

CCSA, The Institute of internal auditors

CFSA, The Institute of internal auditors

CMA, The Institute of Management Accountants

CFM, The Institute of Management Accountants

CISA, Information Systems Audit and Control Association

Member of the American Business Group in Riyadh (ABGR)

Member of the Nominating Committee of the American University of Beirut (AUB) Alumni in Riyadh

Member of the Texas State Society of CPAs


Member of the Houston Chapter of CPAs