RSM hits global $10 billion milestone and celebrates massive growth in MENA

RSM has become just the sixth global accounting and consulting network to crack the $10 billion revenue barrier, on the back of growth in all regions – with the Middle East and North Africa division the company’s growth king.
In the 12 months of 2024, RSM booked 6% revenue growth to lift its revenues from $9.4 billion in 2023 to $10.0 billion last year. The largest chunk of its revenues was made in North America, at $6.6 billion, with Europe its second-largest region, and Asia Pacific bringing in $1.1 billion. All three region saw growth between 5% and 8%.
The Latin America regional business recorded 13% growth, in Africa growth of 17% was achieved, while in the Middle East and North Africa, fee income jumped by a massive 38%. Revenues in the MENA region now stand at $90 million, more than double the mark in 2021.
Commenting on the steep growth, Bassam Dahman, Regional Leader for MENA at RSM, said: “RSM’s firm focus on middle-market and growth-orientated businesses, along with sustained investments to develop high quality solutions, has been central to the success of our clients and our firms. The emphasis we have placed on supporting our talent, on maximising our technological solutions and on ramping up digital transformation across the region has been pivotal.”
A breakdown of RSM’s performance in the region shows that fee income for assurance services soared by 36% to $54.6 million in 2024. The consulting practice saw the exact same growth rate, driven by demand for expertise in ESG, risk, cyber security and digital transformation. The Tax division however took the crown in terms of growth, bringing in 59% more turnover compared to the year previous.
Highlights beyond numbers
Beyond growth, Dahman said that RSM also places strong strategic focus on non-financial metrics, such as corporate social responsibility and making an impact for communities. One highlight he pointed at is the support several members firms (UAE, Lebanon, Egypt) have pledged to the Women’s Empowerment Principles, which aligns with the network’s objective to empower women in the workplace.
Established by UN Women and the UN Global Compact, the Women’s Empowerment Principles are informed by international labour and human rights standards and grounded in the recognition that businesses have a stake in, and a responsibility for, gender equality and women’s empowerment. The three MENA firms joined 39 other RSM member firms around the world in committing to the charter.
Across its footprint in the region, RSM’s 1,300-strong team also supported several non-profits and NGO’s with funds and expertise, and delivered numerous social impact initiatives.
“Success for RSM is not measured merely by revenue growth, but also by how our member firms show their commitment to empower a diverse and regionally unified team. Our team in the MENA region moves forward with purpose and the fundamental belief that by working together we are an ever more compelling provider of professional services.”
Globally, RSM has more than 65,000 people across 900 offices in 120 countries.
Ernest Nedder, CEO of RSM International, stated: “This year’s results demonstrate both our clients’ and member firms’ resilience amidst challenging market conditions. Our growth is testament to the value our member firms bring, and underpin the vision of RSM’s 2030 global strategy.”