KPMG Al Fozan & Partners continues growth momentum

KPMG Al Fozan & Partners announced it has achieved a record growth of 26 percent as of fiscal year, ending Sept. 30, 2016. The announcement is concurrent with KPMG Middle East & South Asia (MESA)’s recent release of fiscal year report indicating 10.7 percent growth in aggregated revenues of member firms across the MESA. This marks the third consecutive year for the region to record double digit growth, placing it among the fastest growing regions within the KPMG network.
During the year, KPMG across the MESA region had over 2,500 new joiners including 12 new partners. A further 15 partners were appointed through internal promotions. By the year end, KPMG’s resource pool within the region had expanded to nearly 7,000 professionals and associates with member firms present in 14 countries and covering 30 office locations. KPMG in Saudi Arabia workforce alone totals about 859 experts, professionals and associates, out of which are 37 internal partners.
“KPMG’s strong FY16 results, in what remains a slow-growth global environment, are a testament to the passion and innovative thinking we bring to our work. In today’s volatile business climate, our strategic investments in technology, alliances, and our people, are fueling our growth across our geographies and service lines. In FY16, thousands of extraordinary people were hired across the KPMG network, and we continued our relentless focus on providing high-quality, excellent service,” said John Veihmeyer, Chairman, KPMG International.
“We continued to prioritize strategic investments in new services and technologies in FY16, focusing on the areas where we see businesses facing the greatest challenge which can be turned into opportunities. We are also working closely with a number of the world’s leading technology companies, in alliances that bring together world-class innovation, business expertise and leading edge technology.” he added.
Commenting on developments across the region, Abdullah Al-Fozan, Chairman of KPMG MESA and KPMG in Saudi Arabia , and Member of KPMG’s Global Board said: “Throughout 2016 we have continued to aggressively invest in areas such as strategy and operational consulting, digital and customer experience, oil & gas and chemical sector capabilities, indirect taxation with a specific focus on VAT as well senior recruitments to enhance capabilities in transfer pricing, trade and customs, technology transformation, risk, cyber security, financial services sector capabilities and data & analytics among a broader set of regional growth initiatives.”

Source: Arab News