write a report for my internship jorney

1

Internship Periodic Report | No 1
Start Date: 1 / 10 / 2024

Student’s Name: Halla Abdulrahman Ahwaidi.
Training Organization: Saudi Electricity Company.

End Date: 16 / 11 / 2024

Student’s ID Number: S210025182
Trainee department: Financial support div. of Digital
Projects management Dep.

Trainee Supervisor Name: Mohammad Bugshan

Faculty Member: Asma Alhazmi.

Course: Finance (408) – Internship

CRN: 13703

Semester: 1st Semester

Academic Year/Semester: 2024-2025

(Instructions)
➢ This report must be submitted on Blackboard (WORD format only) via the allocated folder.
➢ Email submission will not be accepted.
➢ Your work should be clearly and completely presented; marks may be reduced for poor
presentation. This includes filling your information on the cover page.
➢ Assignment will be evaluated through BB Safe Assign tool.
➢ Late submission will result in ZERO marks being awarded.
➢ This work should be your own, copying from students or other resources will result in ZERO
marks.
➢ Use Times New Roman font 12 for all your answers.

PAGE 1 OUT OF 4

(Report Components)

Task(s)

What are the activities and tasks given to you during this
week?
➢ Create manpower Purchase orders (salary invoices) of
(Sep) for ITM co
➢ Update and categorize Contracts Purchase Orders Issue
document as (Capex, Opex) Projects.
➢ Attach the (Tax invoice + Payment approrment )
documents to Purchase Order of STM and Alfalak (
Salary invoices).
➢ Create manpower Purchase orders (salary invoices) of
(Sep) for Alfalak co. (ERP, CRM)
➢ Create manpower Purchase orders (salary invoices) of
(Sep) for HAKA co.
➢ Create manpower Purchase orders (salary invoices) of
(Sep) for Alfalak co.(ITC)
➢ Categorize the shared documents of the (PO issue) with
the projects managers and the division in Capex, Opex
and update the status of the projects by our division.
➢ Create Purchase order (salary invoices) of October for
SBM co.
➢ Attach the I-PAF and Tax invoices for Haka’s Purchase
order and send it to the approval.
(Rotations) Projects Management:
➢ Projects Execution:
o Work flow.
o Projects Contract Types.
o Procedure cart of the business.
o Document Types.
➢ Purchase Orders:
o POA – PO – SO – Contracts PO.
➢ License Management:
o Managing (Microsoft – SAP and Gardner)
contracts and data base.
o Types of license: perpetual – Subscription on
promise – subscription on cloud.
➢ Cabling System & Projects.
o Internal and external networks.
o Contracts

PAGE 2 OUT OF 4

➢ Project Management system (EPM):
o Work flow Stages.
o Work flow Phases.
o Internal and outsourcing Projects.

New skill(s)

Meeting(s)

What skills did you learn through the week?
How to Send E-mails Professionally.
How to manage my time between the division’s work and
rotation.
How many meetings did you attend?
• meeting with the division manager to give him update
about my workflow with the team.
• Meeting with different Employees in other division in
Rotations to get training with them.
What are the difficulties you had this week?
There was a gap on an employee’s salary on SAP system and
the worksheet on excel that reported by the company.

Difficulty/ Challenge(s)

Learning

How did you overcome these difficulties?
I contact my teammate and project manager who’s
responsible of the contractor’s employees to inform them …
they directed me to change the amount of the salary on SAP
manually until the responsible of the SAP setting the actual
amount in the system.
What did you learn from completing the tasks
• Reporting the applications on SAP on Excel.
• How to categories Contracts in ( Opex, Capex ) from
SAP and reporting them on Excel.
• How to Create (Salary Invoices) Professionally.
• How to Send E mails Professionally.
• How to Report Workflows on Excel.
• How to attach documents on SAP.
• How to compare the results of salaries between the work
sheet and SAP on Excel.

PAGE 3 OUT OF 4

What did you want to learn more?
• How to prepare the work breakdown structure of a
project.
• How to governance the department business.
• What is the technical qualification of suppliers.
*Note:
1. This report is a summary of the training activities performed in one week.
2. You may attach additional pages if needed. And student can attach any extra note to this form.
Name: Halla Abdulrahman Ahwaidi_______________ Signature:
___________________________

PAGE 4 OUT OF 4

‫ر‬
Classified as Confidential Internal by SEC – )‫(داخل‬
‫الشكة السعودية للكهرباء مصنف مقيد‬
‫ي‬

Internship Periodic Report | No 3
Start Date: 17 / 11 / 2024

Student’s Name: Halla Abdulrahman Ahwaidi.
Training Organization: Saudi Electricity Company.

End Date: 28 / 12 / 2024

Student’s ID Number: S210025182
Trainee department: Financial support div. of Digital
Projects management Dep.

Trainee Supervisor Name: Mohammad Bugshan

Faculty Member: Asma Alhazmi.

Course: Finance (408) – Internship

CRN: 13703

Semester: 1st Semester

Academic Year/Semester: 2024-2025

(Instructions)
➢ This report must be submitted on Blackboard (WORD format only) via the allocated folder.
➢ Email submission will not be accepted.
➢ Your work should be clearly and completely presented; marks may be reduced for poor
presentation. This includes filling your information on the cover page.
➢ Assignment will be evaluated through BB Safe Assign tool.
➢ Late submission will result in ZERO marks being awarded.
➢ This work should be your own, copying from students or other resources will result in ZERO
marks.
➢ Use Times New Roman font 12 for all your answers.

PAGE 1 OUT OF 4

‫ر‬
Classified as Confidential Internal by SEC – )‫(داخل‬
‫الشكة السعودية للكهرباء مصنف مقيد‬
‫ي‬

‫ر‬
Classified as Confidential Internal by SEC – )‫(داخل‬
‫الشكة السعودية للكهرباء مصنف مقيد‬
‫ي‬

(Report Components)
What are the activities and tasks given to you during this
week?
➢ Create manpower Purchase orders (salary invoices) of
(Oct) for ITM co.
➢ Create manpower Purchase orders (salary invoices) of
(Oct) for Menascoop co.
➢ Create manpower Purchase orders (salary invoices) of
(Oct) for SBM co.(ITC)
➢

Create manpower Purchase orders (salary invoices) of
(Oct) for alfalak co. (ERP-CRM)
➢ Create manpower Purchase orders (salary invoices) of
(Oct) for HAKA co.(ERP-CRM)
➢ Create 2025 projects accounts on SAP
➢ Create manpower Purchase orders (salary invoices) of
(Oct) for STME co.(ITC)
➢
➢
➢

Task(s)
➢
➢
➢
➢
➢
➢
➢
➢
➢
➢
➢

Create manpower Purchase orders (salary invoices) of
(Oct) for HAKA co.(ITC)
Create manpower Purchase orders (salary invoices) of
(Oct) for alfalak co. (ITC)
Create manpower Purchase orders (End of service) of
(Dec) for alfalak co. (ITC)
Create manpower Purchase orders (End of service) of
(Dec) for ITM co. (ITC)
Create manpower Purchase orders (End of service) of
(Dec) for alfalak co. (ERP-CRM)
Create manpower Purchase orders (End of service) of
(Dec) for SBM co. (ERP-CRM)
Create manpower Purchase orders (End of service) of
(Dec) for HAKA co. (ERP-CRM)
Create manpower Purchase orders (End of service) of
(Dec) for Menascoop co. (ERP-CRM)
Create manpower Purchase orders (salary invoices) of
(Nov) for HAKA co.(ITC)
Create claims (idea request) for new capital projects.
for stage gate 1.
Update SORFs’ (service order request form) daily report
with the amount of each SORF.
Create PO for SORF of digital solution sector project.
PAGE 2 OUT OF 4

‫ر‬
Classified as Confidential Internal by SEC – )‫(داخل‬
‫الشكة السعودية للكهرباء مصنف مقيد‬
‫ي‬

‫ر‬
Classified as Confidential Internal by SEC – )‫(داخل‬
‫الشكة السعودية للكهرباء مصنف مقيد‬
‫ي‬

➢

Update the SORF report with the Status and PO number
for each Project SORF

➢

(Rotations) Projects Management:

New skill(s)

Meeting(s)

Difficulty/ Challenge(s)

Learning

What skills did you learn through the week?
How to Send E-mails Professionally.
How to manage my time between the division’s work and
rotation .
How many meetings did you attend?
• meeting with the division manager to give him update
about my workflow with the team.
• Meeting with different Employees in other division in
Rotations to get training with them.
What are the difficulties you had this week?

How did you overcome these difficulties?

What did you learn from completing the tasks
• Reporting the applications on SAP on Excel.
• How to categories Contracts as ( Opex, Capex ) from
SAP and reporting them on Excel.
• How to Create (Salary Invoices) Professionally.
• How to Send E mails Professionally.
• How to Report Workflows on Excel.
• How to attach documents on SAP.
• How to use epm system prof.
What did you want to learn more?
• How to prepare the work breakdown structure of a
project.
• How to governance the department business.
• What is the technical qualification of suppliers.

PAGE 3 OUT OF 4

‫ر‬
Classified as Confidential Internal by SEC – )‫(داخل‬
‫الشكة السعودية للكهرباء مصنف مقيد‬
‫ي‬

‫ر‬
Classified as Confidential Internal by SEC – )‫(داخل‬
‫الشكة السعودية للكهرباء مصنف مقيد‬
‫ي‬

*Note:
1. This report is a summary of the training activities performed in one week.
2. You may attach additional pages if needed. And student can attach any extra note to this form.
Name: ____________________________

Signature: ___________________________

PAGE 4 OUT OF 4

‫ر‬
Classified as Confidential Internal by SEC – )‫(داخل‬
‫الشكة السعودية للكهرباء مصنف مقيد‬
‫ي‬

Internship Periodic Report | No 1
Start Date: 18/ 8 / 2024

Student’s Name: Halla Abdulrahman Ahwaidi.
Training Organization: Saudi Electricity Company.

End Date: 03 / 10 / 2024

Student’s ID Number: S210025182
Trainee department: Financial support div. of Digital
Projects management Dep.

Trainee Supervisor Name: Mohammad Bugshan

Faculty Member: Asma Alhazmi.

Course: Finance (408) – Internship

CRN: 13703

Semester: 1st Semester

Academic Year/Semester: 2024-2025

(Instructions)
➢ This report must be submitted on Blackboard (WORD format only) via the allocated folder.
➢ Email submission will not be accepted.
➢ Your work should be clearly and completely presented; marks may be reduced for poor
presentation. This includes filling your information on the cover page.
➢ Assignment will be evaluated through BB Safe Assign tool.
➢ Late submission will result in ZERO marks being awarded.
➢ This work should be your own, copying from students or other resources will result in ZERO
marks.
➢ Use Times New Roman font 12 for all your answers.

PAGE 1 OUT OF 4

(Report Components)

Task(s)

What are the activities and tasks given to you during this
week?
➢ Create new Purchase orders.
➢ Editing and updating an existing purchase orders.
➢ Updating the workflow of the POs’ on excel.
➢ Create Claims for minor operational Projects on SAP.
➢ Report the created Claims on Excel.
➢ Create Appropriation Requests of 2025 Capital Projects
on SAP for many departments.
➢ Updating the (Tasks and Responsibilities) documents of
the division on PP and create an (English version) of it.
➢ Set a new Project numbers for capital Project and edit the
applicant forms with the new project’s numbers.
➢ Request an approval for the 1st stage gate for capital
projects.
➢ Send remainders to the Project Managers to complete the
stage gate forms to create applicants’ requests for them
on SAP.
➢ Crate 2024 Capital Projects claims.
➢ Create manpower Purchase orders (salary invoices) of
(July)
➢ Create manpower Purchase orders (salary invoices) of
(August)
➢ Create Appropriation Requests of 2025 Capital Projects
on SAP for many departments and setting a new serial
projects No.
(Visit Rotations) in Projects Management:
– Contract management:
✓ Short term
✓ Long term
– Attaching contract documents on SAP and receiving approvals:
✓ What is creating shopping card
✓ What is RFx

New skill(s)

What skills did you learn through the week?
-Reporting Workflows on Excel.
-How to work on SAP system.
-How to deal and communicate professionally with others in the
working environment.
PAGE 2 OUT OF 4

Meeting(s)

Difficulty/ Challenge(s)

Learning

How many meetings did you attend?
• meeting with the department manager to introduce
myself and get the directions about the structure of the
work in the first day
• meeting with the division manager to give him update
about my workflow with the team.
• Meeting with the team every day to know my tasks.
What are the difficulties you had this week?
-The communication is semi hard because the employees in all
department is not in one building and some of the in Riyadh.
-How to order a service for my desk (PC- telephone-access for
SAP system)
How did you overcome these difficulties?
The company provides systems for meetings (WebEx)
(Sisco jabber: office telephone – Chat – Share screen)
to make the communication operation as much as easy for all
employees.
The company provide system calls (AMER) so when I need a
service or facing any technical issue, I request a support
from (AMER).
What did you learn from completing the tasks
-(SAP) system:
• -Purchase orders.
• -Entry sheets
• -contracts
• Financial obligations
• Detailing report
• -Reporting the applications on SAP on Excel
-Capital and operational Projects budgeting.
-Annual budgeting strategy.
-EMP (the internal system to organize the purchase orders
statements.
-How Dropping the entry sheet to the Finance dep then to
treasury mgt.
-Stage Gate office (evaluates the new projects efficiency) to
approve.
-what is building major and minor project.
-what is the weekly and annual reporting.
-what is the manpower POs’.
-Input process on excel of OPEX
PAGE 3 OUT OF 4

•
•

Budget planning by quarters in detail for the
(materials – contracts) of 2025.
Budget forecasting for the future (2026 to 2030)

-How to send remainders to the Project Managers to
complete the stage gate forms to create applicants’ requests
for them on SAP.

What did you want to learn more?
How to use the EPM system (internal system of the company)
fluently.
How to governance the department business.

*Note:
1. This report is a summary of the training activities performed in one week.
2. You may attach additional pages if needed. And student can attach any extra note to this form.
Name: _Halla Abdulrahman Ahwaidi. _____________
___________________________

Signature:

PAGE 4 OUT OF 4

College of Administration and Finance Sciences

Form No 4- Internship Report Cover Page
Student`s name:
Student`s ID #:

Training Organization:

Trainee Department:

Field Instructor Name:

Field Instructor Signature:

Course Title:

CRN:

Internship Start Date:

Internship End Date:

Academic Year/Semester:

For Instructor’s Use only
Instructor’s Name:

Total Training Hours /280

Students’ Grade: Marks Obtained /30

Level of Marks: High/Middle/Low

College of Administration and Finance Sciences

Academic Report Guideline(Co-op)
(please do not include this text in the final report, just follow its guidelines and
use the cover page above)
The report should be submitted within two weeks after you finish your Co-op training Program.
In addition, the report should be approximately 3000 – 4000, single –spaced and consider taking the
following format
General instructions for writing the final report:
The report must be written in English language.
The word limit is 3000-4000.
If the report word count is not within the required word limit, marks will be deducted.
The font size is 12, Times New Roman, justified, 1.5 space.
Main headings use font size of 16 and bold.
Add page numbers in the middle bottom of the page.
Plagiarism or copying from other sources will result in ZERO marks.
This report must be submitted on Blackboard (WORD format only) via the allocated folder.
Your work should be clearly and completely presented; marks may be reduced for poor presentation. This
includes filling your information on the cover page.
Assignment will be evaluated through BB Safe Assign tool. Late submission will result in ZERO marks
being awarded.
First Page
The first page should display the student’s full name, internship start and finish dates, working hours per
week, company/institution name, and the cover page.
The field instructor should sign on the first page.
A Brief Executive Summary of the Internship
A one-page summary of the company/institution and a short account of the major activities carried out
during the internship period.
Acknowledgment
To allow the student to express her/his thankful and gratitude to individuals (such as: field instructor,
academic supervisor, colleagues…etc.) who help them in carrying out and completing her/his training
journey. This part will aid the students to learn basic elements of academic writing. To express their
appreciation in a concise and professional manner.
Table of Contents
Contents of the report with page numbers, list of tables, and list of figures.
Introduction
A brief of the report. The Aim of the report.

College of Administration and Finance Sciences
Chapter 1: Description of the company
This section should answer the following questions:
What is the full title of the company/institution?
Give a brief history of the company, full mailing address and relevant weblinks
What is the type of ownership of the company/institution?
State the main shareholders and their shares.
What is the sector that the company/institution operates in?
Specify the products and services produced and offered to its customers/clients.
Who are regarded as the customers/clients of your internship company (consider the end users, retailers,
other manufacturers, employees,etc.)?
Provide an organization chart of the company, along with information on the number of employees.
Provide a list of functions performed by different departments/divisions in the internship organization.
Provide an overview off the production system or service procedure (what are the resources, inputs,
outcomes, andconstraints?)
Provide a process chart of a major product and/or service.
The following questions can be classified as your major fit (Finance, Accounting, Ecommerce and
Management).
• What kind accounting/finance/IT//quality/marketing standards and principles are used in the
organization?
• Discuss telecommunication technologies (Database, Instant Messenger, Networking, Ecommerce tools)
used in the company.
• Describe the quality planning and control activities in the internship organization.
• Describe the quality control activities throughout the life cycle of the product/service groups
• What kind of financial analysis and decision-making methods are used by corporate treasurers and
financial managers in the internship organization?
• What types of marketing, selling, and human resources analysis are performed (cost system, evaluation
of consumers, needs, product strategy, distribution strategy, promotional strategy)?

Chapter 2: Internship activities
This is the main body of your report. During the internship period, the focus of the training may on the
following types of analysis and questions. You do not have to answer all the questions in the list: •
Describe your working conditions and functions, such as: Who is your supervisor (include his/her name
and his/her position); other team members or co-workers and what their functions are to complement
yours.
• Provide a detailed description about the department(s) that the trainee did her/his training with them.
Adding all sub-divisions for this department(s) if it is available. Student can add to this description a
supported chart.
• Detailed descriptions about all tasks and activities that the trainee did them during her/his training
period.
• Gained skills and how they added value to your work
• Other tasks that are not related to the trainee’s major that done by her/him at the company should be
included in this chapter as well.
• What types of incentives did you get as a trainee to be more proactive and productive?

College of Administration and Finance Sciences
• Describe what kind of working documents and analysis you did there and what experiences you have
gained throughout yourtraining. Provide examples of your work.
• A comparison between theory (things you have learned in the classroom) and practice (things you did or
observed at the company) must be made and highlighted. In this section the student can add a supported
table includes which academic course (s) (course title and code) helped to perform training tasks. For
example, two columns; the first one shows the course name and second column shows the tasks
performed and related to this course.
• Show some work samples that you have encountered/conducted at the company through graphs,
pictures, data, drawings, or design calculations and include them in your report.
• Lessons learnt (what the overall benefits gained from the training program)
Chapter 3: Recommendations
• Advantageous that helped the student in completing the training program.
• Disadvantageous and challenges that faced the student and how he/she did overcome them.
• Recommendations to improve training program in the college.
• Recommendation for the training company. Conclusion Sum up and summary of the training
experience. Reference If it is needed Appendix (option) This will help the instructor to have a background
about the trainee and his/her previous experiences. Also, it helps the students in writing their CVs for
future job application especially for fresh graduates who do not have previous practical experiences.
• Basic information (name, city, contact details…etc.).
• Job objectives.
• Academic qualifications.
• Practical experiences.
• Skills this will help the instructor to have a background about the trainee and his/her previous
experiences

Internship Report
Student`s name :
Student`s ID # :

Trainee Department: Rotation across departments:

Training Organization: Arbah Capital

•

Investment Administration

•

Asset Management

•

Operations

•

Compliance

Field Instructor Name:

Faculty Member:

Field Instructor Signature:

Faculty Member Signature:

Internship Start Date: September 4, 2022

Internship End Date: November 12, 2022

Course: FIN 408

CRN: 13674

Academic Year/Semester: Academic Year of
1444 – First Semester

Executive Summary
This is a summary of my internship experience at Arbah Capital in regards to fulfilling my Bachelor of
Business Administration with a major in finance and a concentration in Account at Saudi Electronic
University. The duration of my internship was between September 4, 2022 up to November 12, 2022.
Arbah capital is a financial services and investment company based in Al Khobar in Saudi Arabia. It
focuses its investments on real estate and private equity while providing asset management and
portfolio management services for high-wealth individuals and institutions as well as provides
corporations with financial consultancy on capital restructuring and initial public offers. My internship
in Arabah Capital involved a rotation between the following departments:
•

Investment Administration
o Learned the different investment structures used for real estate investments
o Completed SPV transfer forms for 21 SPVs to a new fund administrator
o Documented the internal processes of the department into process flow charts
o Coordinated the calculations and preparation of bank documents for the distribution
of dividends to investment funds investors.

•

Operations
o Short lived stay where I’ve gotten a high level overview of operations but was
interrupted due to the resignation of the head of the department.

•

Asset Management
o Analyzed equities listed on the Saudi stock market to arrive at fair value
o Learned the requirements and regulations of investment funds available to the public
o Learned the process of gathering IPS and establish a DPM agreement with clients
o Learned of the restrictions concerning DPM management and investor interference

o Learned the importance of establishing Chinese walls between departments
•

Compliance
o Learned the importance of a compliance and AML department
o Studied and passed CME-2 examination
o Coordinated fulfilling a questionnaire requested by CMA
o Earned a job offer for a Compliance Officer role

At the appendices section you’ll find samples of some of some of tasks I worked with.

Table of Contents

Executive Summary ……………………………………………………………………………………………………………………………..2
Table of Contents ………………………………………………………………………………………………………………………………..4
Description of the company ………………………………………………………………………………………………………………….5
Internship Activities ……………………………………………………………………………………………………………………………..6
Investment Administration………………………………………………………………………………………………………………..6
Operations ………………………………………………………………………………………………………………………………………8
Asset Management…………………………………………………………………………………………………………………………..8
Compliance and Anti-Money Laundering (AML) …………………………………………………………………………………10
An Assessment of the internship ………………………………………………………………………………………………………….11
Conclusions of the report ……………………………………………………………………………………………………………………12
Appendices ……………………………………………………………………………………………………………………………………….13
Organizational Chart……………………………………………………………………………………………………………………….13
Sample of Investment Administration Process Mapping ……………………………………………………………………..14
Offshore/Onshore Realestate investment structure …………………………………………………………………………..15
Fundamental analysis via Financial Modeling Sample …………………………………………………………………………16
Form for SPV Transfer to new fund administrator ………………………………………………………………………………17
References ………………………………………………………………………………………………………………………………………..18

Description of the company
The company is titled Arbah Capital, referred to as Arbah hereon forward, and it is a closed joint
corporation licensed by the Capital Market Authority to do the following activities:
•

Advising

•

Dealing as an Agent

•

Arranging

•

Custody

•

Managing Client Portfolios

•

Managing Investment Funds

•

Dealing as a Principal

•

Dealing as an Underwriter

Arbah was established in 2008 and while most capital companies are based in Riyadh region, it is one
of the few capital companies that are headquartered in the eastern region of Saudi Arabia. It has a paid
capital of 142 million riyals and focuses on shariah compliant investments and offerings.
Arbah is a closed joint stock company. The list of shareholders and their ownership is held privately and
I did not get permission to share it publicly.
The company operates in the financial services and investment sector. The full organization chart is
attached in appendices and has around 50 employees. The services provided to clients in each of its
departments:
•

Asset Management
o Investment funds management
o An active money market investment fund
o Discretionary Portfolio Management

•

Wealth Management
o Relationship management with high-value clients
o Management of the IPS of the high-value clients

•

Corporate advisory
o Consultation of capital restructuring
o Arranging of Initial Public Offerings
o Issuance of debt instruments

•

Investments
o Providing high-value private equity like global investments to clients

The customer base include but not limited to high-wealth individuals, public institutions, private
corporations, not-for-profit , and any individual or institution allowed by CMA regulations to invest
within the Saudi market.

Internship Activities
I joined Arbah in September 4, 2022 as an intern to go on a rotation of the following departments:
•

Investment Administration

•

Operations

•

Asset Management

•

Corporate Advisory (replaced by Compliance)

Below I will share my experience in each department:
Investment Administration
The investment administration functions as a control department on the investment department. It is
tasked with administrating the structuring of investments funds specifically the offshore real estate
investments and the administration of funds subscriptions and distribution of dividends to the
investors in the funds. It also includes the analysis and verification of the investment’s financial
models as provided by the investment department to ensure their reasonableness. While the
Investment Administration does not have decision rights when it comes to the accepting or
rejecting of investments opportunities, it does however have to provide its feedback to upper
management on the reasonableness of the investment.

The investment administration is a relatively newly formed department in Arbah. It has been
established 3 months prior to my joining of Arbah and is led by the head of Investment
Administration Mr. Hamdi Alsayed who has one direct report Mrs. Lama Alhamed. Together they
are managing the administration of 9 currently existing investment funds focused on the global real
estate sector.
The investments in the global real estate market are structured as funds and each fund is structured
through a multitude of hierarchal Special Purpose Vehicles (SPVs) operated in a tax efficient
jurisdiction such as Jersey or Cayman Islands. The reason for this hierarchy of SPVs is for the fund
to achieve the optimum tax efficiency in reducing taxation costs for global real estate investments
and also to achieve a shariah compliant structure in terms of its financing.
Part my experience in Investment administration was to research the Offshore/Onshore real estate
investment structures and to understand the existing funds structures at a higher levels. I was also
tasked with the preparation of the transfer of SPVs from one fund administrator to another in the
jurisdiction they are established in (in our case Jersey) which included the preparation of the
documents and filling of the forms necessary for this transfer. The transfer included almost 21
SPVs and we were able to complete them successfully.
Another major task I worked on was the documenting of the process of the Investment
Administration department and the identification of the handshake points with other departments. I
utilized diagrams.net charting software to achieve this. See appendix for a sample.
Finally, I was tasked with the calculation and preparation of the necessary bank documents for the
dividend distribution of investors for one of the investment funds in order to coordinate with the
finance department to disburse those distributions. In order to achieve this efficiently, I developed
an excel form that automatically pulls the necessary data and prepare the print form to be printed
and managed to complete the task in a timely fashion. The developed form is now used as part of
internal processes within the department.

Operations
My time in the operations department was brief and short due to lack of availability of resources to aid
in my training. The head of the department Mr. Ashraf Alshurafa had just given his notice of
resignation and was in the process of handing over the work to the person taking over. Having said that,
he did walk me briefly through the importance of the operations department and where it intersects with
other departments, but it was at a very high level. It concluded abruptly and I was transferred to another
department within the day. No tasks or activities were given other than the initial meeting with the head
of operations.

Asset Management
The Asset Management department has 3 main areas of focus in Arbah:
•

Discretionary Portfolios Management (DPMs)

•

Capital Market equities trading and analysis

•

Money Markets funds management

During my time in Asset Management, I was under the supervision of the head of Asset Management
department Mr. Mohammad Alfarraj and working with my colleagues, Mr. Saad Almuammar, a
Discretionary portfolio manager and equities technical analyst, Mr. AbdulAziz Almuammar, a money
market fund manager and Discretionary portfolio manager, Ms. Shahad Alotaibi, who is a fund
administrator reporting to Mr. Abdulaziz almuammar, and Mr. Abdulrazzag Alyahya who works on the
internal operations and administration part of Asset Management. It was an honor working with this
team as they hold a truly inviting atmosphere and were very receptive to any inquiries I had.
I was tasked with learning the internal processes of asset management along with the regulations
concerning the functionalities within the department. For example, I’ve come to learn the regulation
limitations of managing money market funds such as the requirement of holding the Capital Market
Examination 4 certification in order to fill such position. Also, the regulatory requirements of the
maximum of concentration of assets within each country should not exceed 25% of the assets under

management for countries other than Saudi Arabia. Added to that, the concentration of assets should not
exceed 25% into a single money market securities issuer as a way of managing the risk. I’ve also
learned about the valuation of the fund to arrive at the Net Asset Value (NAV) and the Net Asset Value
of the unit within the fund. It also was a good exposure on the terms and conditions of investment funds
and the different fees associated with the fund ranging from subscription fees, management fees, exit
fees, performance fees, and so on and so forth.
With regards to Discretionary Portfolio Management, due to privacy and confidentiality concerns I
wasn’t allowed to play a part in the management. Having said that, I was exposed to how the
Investment Policy Statement (IPS) for each investor is collected and analyzed in coordination with the
wealth management department representative and learned of the various restrictions an investor may
place on his portfolio. These restrictions include but not limited to the choice of sectors the investors
would like to either include or exclude, any disclaimers regarding his potential conflict of interest for
any security, the investor’s preferred risk appetite, and liquidity requirements, and so on and so forth.
What I have found interesting is the regulation banning any involvement of the investor in the decision
making of the investments within his DPM. According to CMA regulations, decisions whether to invest
or not invest in a security and at what prices must be exclusive in the hands of the portfolio manager
and the investor must not have any involvement in the decision-making process (beyond what he’s
already stated as restrictions within his IPS and DPM agreement). This, I have come to learn, is to avoid
security manipulation via third-parties and isolate the behavior of the portfolio manager from the
behavior of the investor himself. Any violation of this policy will result in fines on financial institution
and the portfolio manager would be internally disciplined.
Arbah does not have a dedicated equity research department and therefore the equity analysis is
outsourced, and third-party equity research service providers are used. However, the asset management
team does some internal equity fundamental analysis and relies also on technical analysis to identify
market trends and the opportune timing to enter or exist an investment opportunity. There wasn’t an
identifiable set of criteria to be used when doing the technical analysis in the department. The team
relied heavily on their own extensive experience in trading securities in the market and have done well

doing so. I did not have a chance to dig deeper into the technical analysis part and I would have liked to
see a more structured approach to it.
Finally, I was tasked with doing fundamental analysis of companies listed in the Saudi market. Focused
on SIPCHEM, SABIC, JARIR , ALAHLI, ALRAJHI as a way to practice analysis skills. At the
direction and guidance of the head of asset management, I have reviewed my analysis with him and he’s
provided guidance and feedback on how to use fundamentals to estimate a company’s fair value and
share price whether by using a Discounted Cash Flow approach or using market multiples approaches.
Due to the lack of information on the forecasts of companies, we’ve relied more on market multiples
approach. This task was done purely for training purposes and did not add value within the department,
however it was extremely informative and a great learning experience. Much of the theory we’ve
learned into Finance 101 and Finance 201 courses especially regarding the ratios analysis was very
helpful in this analysis and praised by my supervisor. I’ve also found the material of the CME-1 and
CME-4 useful in my internship experience here as I had already completed these two certifications last
year.

Compliance and Anti-Money Laundering (AML)
I was originally scheduled to rotate towards Corporate Advisory at the end of my rotation. However, the
company had offered me an opportunity to potentially join them as a compliance officer and for that I
had requested to join the compliance department instead to learn their processes.
The compliance department is focused on ensuring the company is complying with the regulatory
requirements of the capital market Agency and with Anti-Money Laundry laws and regulations. In
order to fill a position within the department, the employee must pass the Capital Market Examination 2
which focuses on Compliance and Anti-Money Laundering regulations. It is currently being managed
by Mr. Ibrahim Aldhawyan at Arbah. The compliance person is registered individual with CMA.
Meaning, the person need not only be certified but also approved by CMA to hold this position in a
financial institution and any changes to the person holding this position must be immediately shared
with CMA for approval. This is due to the critical nature of the position as the person has accountability

and obligations towards CMA and could be held personally liable for fraud or misrepresentation.
Since the company has offered me the opportunity to join the compliance department, I spent most of
my time in the compliance department reading and learning the regulations posted by CMA. Also, I
studied the CMA-2 examination material and took the exam on October 23, 2022 and have successfully
passed the exam. This resulted in the company officially offering me the position of a compliance
officer to join them at the end of my training post my final exams.
Also, during my time in the department, we received a questionnaire from the capital market authority
to be filled and reported back to them. I have coordinated with the current compliance officer the
collection of the various information and data needed to fill the questionnaire from various departments
and we have successfully completed this task in a timely fashion.

An Assessment of the internship
Overall it was a great learning experience. I’ve learned much about the regulations of CMA as it relates
to the departments I functioned in as well I was fortunate to take on the CME-2 exam and pass while
working on the internship and taking a full course load at SEU. I was also given several responsibilities
for critical and time sensitive tasks especially in the Investment administration with the transfer of
SPVs, the distribution of dividends to investors, and with the documentation of internal processes. Also,
in the Compliance department I came to learn much about the different guidelines published by CMA
and the critical post of the compliance officer and we were tasked with compiling the answers the
questionnaire that was requested by CMA. This internship has definitely put me a step ahead towards a
career in the financial and investment sector and thankfully it resulted in me getting a job offer at the
company in a supervisory role with direct report as a testament to hard work and dedication I’ve put
during the internship and as a strong recognition of SEUs standards in its graduates where a fresh
graduate can be put directly as a manger with direct reports. Much of the activities I’ve done were not
tightly linked with my classroom knowledge. Having said that, the classroom knowledge did setup a
foundational base on which new skills and knowledge can be easily acquired within the context of the
knowledge gained from classrooms. It made communication with various stakeholders easier and

facilitated and smoothed the discussions and training introductions with the department heads. Overall,
I’m quite delighted to have gone through this experience by SEU and Arbah.

Conclusions of the report
To conclude, my experience at Arbah has been nothing short of extraordinary. It is the first and biggest
capital investment firm I the eastern region of Saudi arabia. The environment was very inviting the
culture was of balance between productivity and sociability. It is critical for university students to take
on an internship like this even if it wasn’t required by their program. It certainly has tied the topics
learned in isolation in various courses towards common purposes that is actionable and measurable in
the business world. I’ve learned much about various investment structures and regulations and the
management of investment funds. Such experience can hardly be learned in theory in a classroom but an
exposure to it and seeing it in action in real time alleviates the appreciation we have for the material
we’re learning. The financial and investment sector is a wide sector and is greatly expanding in the
kingdom especially with the initiatives of vision2030. My goals from now on is to complete my
bachelor degree, pivot into a career in the financial sector and work towards achieving the Chartered
Financial Analyst certification and an MBA. This internship was only the first step towards a long
journey of life learning.

Appendices
Organizational Chart

Sample of Investment Administration Process Mapping

Offshore/Onshore Realestate investment structure

Fundamental analysis via Financial Modeling Sample

Form for SPV Transfer to new fund administrator

References
• Arbah Capital. Retrieved November 4, 2022, from

Internship Periodic Report | No 1
Start Date: 18/ 8 / 2024

Student’s Name: Halla Abdulrahman Ahwaidi.
Training Organization: Saudi Electricity Company.

End Date: 03 / 10 / 2024

Student’s ID Number: S210025182
Trainee department: Financial support div. of Digital
Projects management Dep.

Trainee Supervisor Name: Mohammad Bugshan

Faculty Member: Asma Alhazmi.

Course: Finance (408) – Internship

CRN: 13703

Semester: 1st Semester

Academic Year/Semester: 2024-2025

(Instructions)
➢ This report must be submitted on Blackboard (WORD format only) via the allocated folder.
➢ Email submission will not be accepted.
➢ Your work should be clearly and completely presented; marks may be reduced for poor
presentation. This includes filling your information on the cover page.
➢ Assignment will be evaluated through BB Safe Assign tool.
➢ Late submission will result in ZERO marks being awarded.
➢ This work should be your own, copying from students or other resources will result in ZERO
marks.
➢ Use Times New Roman font 12 for all your answers.

PAGE 1 OUT OF 5

(Report Components)

Task(s)

What are the activities and tasks given to you during this
week?
➢ Create new Purchase orders.
➢ Editing and updating an existing purchase orders.
➢ Updating the workflow of the POs’ on excel.
➢ Create Claims for minor operational Projects on SAP.
➢ Report the created Claims on Excel.
➢ Create Appropriation Requests of 2025 Capital Projects
on SAP for many departments.
➢ Updating the (Tasks and Responsibilities) documents of
the division on PP and create an (English version) of it.
➢ Set a new Project numbers for capital Project and edit the
applicant forms with the new project’s numbers.
➢ Request an approval for the 1st stage gate for capital
projects.
➢ Send remainders to the Project Managers to complete the
stage gate forms to create applicants’ requests for them
on SAP.
➢ Crate 2024 Capital Projects claims.
➢ Create manpower Purchase orders (salary invoices) of
(July)
➢ Create manpower Purchase orders (salary invoices) of
(August)
➢ Create Appropriation Requests of 2025 Capital Projects
on SAP for many departments and setting a new serial
projects No.
(Visit Rotations) in Projects Management:
– Contract management:
✓ Short term
✓ Long term
– Attaching contract documents on SAP and receiving approvals:
✓ What is creating shopping card
✓ What is RFx

New skill(s)

What skills did you learn through the week?
-Reporting Workflows on Excel.
-How to work on SAP system.
-How to deal and communicate professionally with others in the
working environment.
PAGE 2 OUT OF 5

Meeting(s)

Difficulty/ Challenge(s)

Learning

How many meetings did you attend?
• meeting with the department manager to introduce
myself and get the directions about the structure of the
work in the first day
• meeting with the division manager to give him update
about my workflow with the team.
• Meeting with the team every day to know my tasks.
What are the difficulties you had this week?
-The communication is semi hard because the employees in all
department is not in one building and some of the in Riyadh.
-How to order a service for my desk (PC- telephone-access for
SAP system)
How did you overcome these difficulties?
The company provides systems for meetings (WebEx)
(Sisco jabber: office telephone – Chat – Share screen)
to make the communication operation as much as easy for all
employees.
The company provide system calls (AMER) so when I need a
service or facing any technical issue, I request a support
from (AMER).
What did you learn from completing the tasks
-(SAP) system:
• -Purchase orders.
• -Entry sheets
• -contracts
• Financial obligations
• Detailing report
• -Reporting the applications on SAP on Excel
-Capital and operational Projects budgeting.
-Annual budgeting strategy.
-EMP (the internal system to organize the purchase orders
statements.
-How Dropping the entry sheet to the Finance dep then to
treasury mgt.
-Stage Gate office (evaluates the new projects efficiency) to
approve.
-what is building major and minor project.
-what is the weekly and annual reporting.
-what is the manpower POs’.
-Input process on excel of OPEX
PAGE 3 OUT OF 5

•
•

Budget planning by quarters in detail for the
(materials – contracts) of 2025.
Budget forecasting for the future (2026 to 2030)

-How to send remainders to the Project Managers to
complete the stage gate forms to create applicants’ requests
for them on SAP.

What did you want to learn more?
How to use the EPM system (internal system of the company)
fluently.
How to governance the department business.

*Note:
1. This report is a summary of the training activities performed in one week.
2. You may attach additional pages if needed. And student can attach any extra note to this form.
Name: _Halla Abdulrahman Ahwaidi. _____________
___________________________

Signature:

PAGE 4 OUT OF 5

End date 18-2-2024

PAGE 5 OUT OF 5

‫ر‬
Classified as Confidential Internal by SEC – )‫(داخل‬
‫الشكة السعودية للكهرباء مصنف مقيد‬
‫ي‬

Internship Periodic Report | No 3
Start Date: 17 / 11 / 2024

Student’s Name: Halla Abdulrahman Ahwaidi.
Training Organization: Saudi Electricity Company.

End Date: 28 / 12 / 2024

Student’s ID Number: S210025182
Trainee department: Financial support div. of Digital
Projects management Dep.

Trainee Supervisor Name: Mohammad Bugshan

Faculty Member: Asma Alhazmi.

Course: Finance (408) – Internship

CRN: 13703

Semester: 1st Semester

Academic Year/Semester: 2024-2025

(Instructions)
➢ This report must be submitted on Blackboard (WORD format only) via the allocated folder.
➢ Email submission will not be accepted.
➢ Your work should be clearly and completely presented; marks may be reduced for poor
presentation. This includes filling your information on the cover page.
➢ Assignment will be evaluated through BB Safe Assign tool.
➢ Late submission will result in ZERO marks being awarded.
➢ This work should be your own, copying from students or other resources will result in ZERO
marks.
➢ Use Times New Roman font 12 for all your answers.

PAGE 1 OUT OF 4

‫ر‬
Classified as Confidential Internal by SEC – )‫(داخل‬
‫الشكة السعودية للكهرباء مصنف مقيد‬
‫ي‬

‫ر‬
Classified as Confidential Internal by SEC – )‫(داخل‬
‫الشكة السعودية للكهرباء مصنف مقيد‬
‫ي‬

(Report Components)
What are the activities and tasks given to you during this
week?
➢ Create manpower Purchase orders (salary invoices) of
(Oct) for ITM co.
➢ Create manpower Purchase orders (salary invoices) of
(Oct) for Menascoop co.
➢ Create manpower Purchase orders (salary invoices) of
(Oct) for SBM co.(ITC)
➢

Create manpower Purchase orders (salary invoices) of
(Oct) for alfalak co. (ERP-CRM)
➢ Create manpower Purchase orders (salary invoices) of
(Oct) for HAKA co.(ERP-CRM)
➢ Create 2025 projects accounts on SAP
➢ Create manpower Purchase orders (salary invoices) of
(Oct) for STME co.(ITC)
➢
➢
➢

Task(s)
➢
➢
➢
➢
➢
➢
➢
➢
➢
➢
➢

Create manpower Purchase orders (salary invoices) of
(Oct) for HAKA co.(ITC)
Create manpower Purchase orders (salary invoices) of
(Oct) for alfalak co. (ITC)
Create manpower Purchase orders (End of service) of
(Dec) for alfalak co. (ITC)
Create manpower Purchase orders (End of service) of
(Dec) for ITM co. (ITC)
Create manpower Purchase orders (End of service) of
(Dec) for alfalak co. (ERP-CRM)
Create manpower Purchase orders (End of service) of
(Dec) for SBM co. (ERP-CRM)
Create manpower Purchase orders (End of service) of
(Dec) for HAKA co. (ERP-CRM)
Create manpower Purchase orders (End of service) of
(Dec) for Menascoop co. (ERP-CRM)
Create manpower Purchase orders (salary invoices) of
(Nov) for HAKA co.(ITC)
Create claims (idea request) for new capital projects.
for stage gate 1.
Update SORFs’ (service order request form) daily report
with the amount of each SORF.
Create PO for SORF of digital solution sector project.
PAGE 2 OUT OF 4

‫ر‬
Classified as Confidential Internal by SEC – )‫(داخل‬
‫الشكة السعودية للكهرباء مصنف مقيد‬
‫ي‬

‫ر‬
Classified as Confidential Internal by SEC – )‫(داخل‬
‫الشكة السعودية للكهرباء مصنف مقيد‬
‫ي‬

➢

Update the SORF report with the Status and PO number
for each Project SORF
➢ Create PO for new SORFs
(Rotations) Projects Management:

New skill(s)

Meeting(s)

Difficulty/ Challenge(s)

Learning

What skills did you learn through the week?
How to Send E-mails Professionally.
How to manage my time between the division’s work and
rotation .
How many meetings did you attend?
• meeting with the division manager to give him update
about my workflow with the team.
• Meeting with different Employees in other division in
Rotations to get training with them.
What are the difficulties you had this week?

How did you overcome these difficulties?

What did you learn from completing the tasks
• Reporting the applications on SAP on Excel.
• How to categories Contracts as ( Opex, Capex ) from
SAP and reporting them on Excel.
• How to Create (Salary Invoices) Professionally.
• How to Send E mails Professionally.
• How to Report Workflows on Excel.
• How to attach documents on SAP.
• How to use epm system prof.
What did you want to learn more?
• How to prepare the work breakdown structure of a
project.
• How to governance the department business.
• What is the technical qualification of suppliers.

PAGE 3 OUT OF 4

‫ر‬
Classified as Confidential Internal by SEC – )‫(داخل‬
‫الشكة السعودية للكهرباء مصنف مقيد‬
‫ي‬

‫ر‬
Classified as Confidential Internal by SEC – )‫(داخل‬
‫الشكة السعودية للكهرباء مصنف مقيد‬
‫ي‬

*Note:
1. This report is a summary of the training activities performed in one week.
2. You may attach additional pages if needed. And student can attach any extra note to this form.
Name: ____________________________

Signature: ___________________________

PAGE 4 OUT OF 4

‫ر‬
Classified as Confidential Internal by SEC – )‫(داخل‬
‫الشكة السعودية للكهرباء مصنف مقيد‬
‫ي‬

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