Farm Account
Farm Account
A UPSKILL GROUP COMPANY
Modern Egyptian agricultural control room with KPI dashboard
πŸ‡ΈπŸ‡¦ PHASE 1 Β· ACTIVE

The Saudi Agricultural Mandate.

For Riyadh, Jeddah, and Eastern Province family offices investing in Egyptian agriculture under Vision 2030 food security and MASA bilateral programs. Monthly board packs in English with SAMA-rate FX exposure analysis and ZATCA-ready inputs.

Our first Gulf retainer was a Saudi family office. We built the reporting infrastructure for their Menofia poultry operation. The first board pack took 18 days. It got renewed in the same council session it was presented.

πŸ“Š SAR / USD / EGP board pack πŸ›‘οΈ ZATCA Zakat-ready inputs πŸ“ Sadat City HQ Β· MASA proximity
$500K
Capital deployed
18d
Onboarding
βˆ’38%
FX exposure removed
3 β†’ 12
KPIs tracked
"First clean read of the Egypt position since acquisition. The FX section alone justified the engagement β€” we recovered three months of margin erosion in the dividend repatriation flow."
β€” Investment Director Β· Riyadh family office Β· 2025

Saudi family offices have
the strongest Egyptian agri
positioning right now.

Vision 2030's food-security mandate has redirected Saudi family office allocations into Egyptian agriculture at a volume no other GCC market matches. We built the playbook for this market first because the deal flow is here β€” and the operational complexity (FX, Zakat, ZATCA filings) demands an Egyptian firm that actually understands what Riyadh's compliance officers need.

01

Vision 2030 food security

PIF + SALIC + family office allocations directed into Arabic-speaking agricultural markets. Egypt is the most accessible.

02

MASA bilateral framework

Saudi-Egyptian government-backed agricultural investment vehicle. Streamlined land acquisition, FX repatriation pathways.

03

Sadat City proximity

Our HQ sits inside the Sadat City industrial-agricultural belt β€” the same belt where multiple MASA-aligned operations run.

04

Family Council reporting

Saudi family offices operate on quarterly council cycles. Our monthly delivery (by the 10th) syncs cleanly with that rhythm.

You're the family member
who got handed
the Egypt mandate.

You're 32-45 years old. MBA, probably KAUST or AUC or a UK school. The family allocated capital into Egyptian agriculture sometime between 2023 and 2025. You report to a Family Council. Your father asks "ΩƒΩ… Ψ±Ψ¨Ψ­Ω†Ψ§ΨŸ" at the quarterly meeting. You don't always have a clean answer.

  • Β· A property in Beheira, Menofia, Fayoum, or Sadat City β€” purchased through MASA, a private broker, or a family connection
  • Β· A farm manager who sends WhatsApp voice notes and handwritten ledgers
  • Β· A local Egyptian CPA who files tax returns in Arabic β€” useful for Egyptian Tax Authority, useless for your Family Council
  • Β· A quarterly meeting where you summarize the Egypt position from memory and WhatsApp updates
  • Β· No clean answer to FX exposure, Zakat liability, or whether the operation is profitable in USD-equivalent
  • Β· A monthly 11-page board pack you can paste directly into the Family Council deck
  • Β· P&L in USD, with EGP-native operations + SAR equivalent appendix at SAMA reference rate
  • Β· FX exposure analysis showing where currency timing is costing you and how to fix it
  • Β· Zakat-ready inputs for ZATCA filing β€” net equity, retained earnings, irrigated vs rain-fed segmentation
  • Β· A named partner you can put on the engagement letter that your compliance officer will actually approve

$500K, 18 days, 12 KPIs.
The first Saudi mandate.

A Riyadh family office. A 200-head Egyptian poultry operation in Menofia. Six months without institutional reporting. Here's the 18-day timeline that changed that.

D1

Engagement letter signed

DIFC arbitration clause selected by LP's compliance officer. SLA defined: monthly board pack by the 10th. Reporting language: English-primary, Arabic appendix on request.

D4

First on-site visit

Founder Mohamed Foash visited Menofia operation personally. Met farm manager. Reviewed feed records, mortality logs, FCR data. Identified 4 KPI gaps in current tracking.

D9

FX audit complete

Identified βˆ’38% unnecessary FX exposure from EGPβ†’USD conversion timing on dividend repatriation. Recommended USD operational account at NBE (Cairo). Approved by LP within 48 hours.

D14

Reporting infrastructure live

KPI tracking moved from 3 metrics (revenue, headcount, monthly outflow) to 12 (added FCR, mortality, feed cost/kilo, water-use, working capital, FX exposure, etc.). All tracked in standardized monthly format.

D18

First monthly board pack delivered

English-primary. P&L in USD with EGP footnote and SAR appendix. FX exposure section with month-over-month comparison. 12 operational KPIs vs target. Risk register flagging 3 items. Strategic recommendations: 2 actionable for next month.

Family Council response (5 days later): "First clean read of the Egypt position since acquisition. The FX section alone justified the engagement."

SAMA rate. ZATCA inputs.
Built for Riyadh compliance.

Most Egyptian firms produce reports in EGP and tell you to "convert." We produce the conversion as a deliverable β€” at the SAMA reference rate, with ZATCA-ready segmentation, and an FX exposure section so your father stops asking why the USD-equivalent moved.

FX Reporting

SAMA reference rate

Monthly EGP→USD conversion at month-end SAMA reference rate. SAR appendix at the same SAMA-published USD/SAR fixing. FX exposure section explains where currency moved against your position.

Zakat Inputs

ZATCA-ready

Net equity, retained earnings, provisions reported separately. Agricultural production segmented by irrigated (5% Zakat) vs rain-fed (10% Zakat). Hand to your Saudi Sharia advisor β€” they finalize, you file.

Audit Compatibility

IFRS-equivalent

Accrual basis. Fair-value adjustments where applicable. Segmented reporting by operating unit. We coordinate directly with your Geneva/London/Riyadh external auditor for strict IFRS mapping where required.

Four questions Riyadh
compliance officers ask.

What's the typical engagement timeline for a Saudi LP? +
Discovery to first board pack: 18-25 days. Day 1-3: Initial 30-min briefing β†’ scoping conversation β†’ engagement letter draft. Day 4-7: Compliance review by your Family Office team. SLA negotiation if required. Day 8-14: Engagement letter signed. First on-site visit to Egyptian operation. Data audit. KPI infrastructure setup. Day 15-25: First monthly board pack drafted, reviewed by named CPA partner, delivered. Our Saudi case study completed this cycle in 18 days. Faster timelines are possible if the LP's compliance review is expedited.
Is the engagement letter compatible with Saudi Sharia structures? +
Yes. Our standard engagement letter is fee-for-service (ijara on advisory work) with no profit-sharing or hidden compensation structures that would create Sharia complexity. For LPs operating under specific Sharia governance frameworks, we adapt the engagement structure on request β€” most commonly fee-only with no retainer-as-equity. Your Sharia compliance officer reviews and approves before signing.
Can the founder visit Riyadh for our Family Council briefing? +
Yes β€” for Advisory and Strategic Mandate tiers. Founder Mohamed Foash travels to Riyadh, Jeddah, or Dammam for Family Council briefings on request. For Reporting Mandate (Tier 1), in-person briefings are quoted separately. Most Tier 2+ engagements include 1 annual in-person Family Council visit at no extra fee, with additional visits scoped at cost.
Does the firm handle ZATCA Zakat filing directly? +
No β€” and we say so upfront. ZATCA filing is the responsibility of your Saudi tax advisor or Sharia scholar. What we provide: Zakat-ready inputs in your monthly board pack. Net equity, retained earnings, provisions, and zakatable agricultural production segmented by irrigation method (irrigated at 5% Zakat, rain-fed at 10%). Your Saudi Sharia advisor uses these inputs to finalize your Zakat liability and file with ZATCA. We've structured this workflow with multiple Sharia advisors and it removes ~6-8 hours of advisor billable time per quarter.

30-minute call.
Riyadh-time.

We'll ask 5 questions about your Egyptian agri exposure. You'll tell us whether you have an existing CPA, whether ZATCA filing is current, what your Family Council expects to see. If we can help, we'll scope it. If we can't, we'll tell you who can.

Riyadh ↔ Cairo: 0-hour offset (Cairo is +1 vs Riyadh winter). Founder direct: +20 122 220 3810.
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