Deloitte assists Dubai SME100

The Diagnostic enables Dubai SME100 to implement financial reporting processes

SME, the agency of the Department of Economic Development ( DED) mandated to develop the small and medium enterprise ( SME) sector, and Deloitte, a global provider of audit, tax, consulting and financial advisory services, have signed a memorandum of understanding ( MoU) to offer a Financial Diagnostic assessment to all members of the Dubai SME100. Dubai SME100, launched by Dubai SME Under the patronage of Shaikh Hamdan Bin Mohammad Bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, is an innovative ranking of the top- performing SMEs in Dubai aimed to groom them into bigger, better and sustainable enterprises, eventually graduating them to large globally- oriented companies.

The complimentary Financial Diagnostic will enable Dubai SME100 companies to implement an appropriate financial reporting process that will support the SME as it grows, to help it realise its full potential in existing operations and make informed decisions about future strategies.

Humphry Hatton, Chief Executive Officer of Deloitte Corporate Finance Limited, added: “SMEs are the bedrock of Middle East business and hugely important to the economic prospects of the region. To achieve sustainable growth, SMEs need to ensure they have the right information and resources to guide their decision- making. The Financial Diagnostic is designed to help SMEs identify the information needed to drive value from their businesses and to ensure it is prepared on a consistent, high- quality and timely basis.”