KPMG announces strong revenue growth for FY19

MESA workforce hits record of over 8,000 professionals

KUWAIT CITY, Dec 21: The aggregated revenue of KPMG member firms in the Middle East & South Asia (“MESA”) region grew by 11.6% in local currency terms for the fiscal year ended 30 September 2019, marking the sixth consecutive year of double digit growth.

The region’s workforce grew further to a record high of over 8,000 professionals and associates with more than 2,200 new hires in the year. These milestones contributed to placing MESA among the fastest growing sub-regions in the KPMG network.

“As we strive to create sustainable value for clients, we are embracing disruption and collaborating seamlessly as a region. This emphasis is reflected in the latest propositions that we are bringing to the market and also in milestone projects being delivered in these countries. A strong emphasis is placed on the pillars of trust and quality which we see as pivotal, and also in embedding technology into all core functions” said Reyaz Mihular, Chairman of KPMG MESA.

Commenting on the year end results, Dr. Rasheed Al-Qenae, KPMG Kuwait Managing Partner, said: “KPMG in Kuwait achieved great result in FY19, reflecting the deep insights and technical knowledge our professionals bring to clients. In the world of technology, artificial intelligence and automotive, people remain our differentiating asset.

Kuwait market is expanding rationally and with the new technology the speed of this expansion is increasing day by day in most of the sectors”.

Dr. Rasheed Added: “In KPMG Kuwait we remain committed to continuing our inclusion and diversity journey with more than half of our staff as millennials focusing on the investment for the firm’s future. This investment will accelerate the digital transformation of our firm and our clients who will benefit from the latest technological advancements across Audit, Tax and Advisory”.

The KPMG MESA region spans 14 countries and territories, and covers over 30 office locations. KPMG in Kuwait capabilities continue to be recognized by the Kuwaiti Market in several lines of business. In 2019, KPMG Kuwait grew in a noticeable way driven in part by high client demand for strategy, deal related services, tax and different Audit and Assurance services.