Accounting network UHY adds members in UAE and Kuwait

24 February 2020 2 min. read

Accounting and consulting network UHY has expanded its Middle East presence with two not additions; James Chartered Accountants of the UAE and Pillars Advisory in Kuwait.

Following the addition of firms in Egypt, Iran, and Afghanistan over the past twelve months, the international accounting and consulting network UHY has further expanded its regional presence in recent weeks with two new Middle East members: James Chartered Accountants of the Emirates, and Kuwait’s Pillars Advisory. In addition to the full members, Pillars Audit will also join UHY as an affiliate.

Pillars Advisory – now known as UHY Pillars – was founded in circa. 2013 by current managing partner Wael Arafa. According to a press release, the Kuwait City-based accounting and consulting firm serves local and international clients in more than 20 countries, with businesses operating in the real estate, non-profit, retail, services and contracting segments noted as the firm’s most common clients.

“We are delighted to welcome Pillars Advisory and its affiliate firm Pillars Audit to the UHY network. The addition to our network of the two firms extends our coverage and capabilities in the Middle East,” said UHY International chairman Dennis Petri. “Kuwait has huge reserves of natural resources, a strategic location in the Persian Gulf and is part of the implementation of Gulf Gateway projects.”

Accounting network UHY adds members in UAE and Kuwait

Meanwhile, the addition of Dubai-based James Chartered brings more than 80 new colleagues into UHY’s 8,200-strong fold. Established in 2005, and currently headed by former Crowe Global board member James Mathew together with a team of five partners, the now rebranded UHY James Chartered Accountants provides services in audit, advisory, corporate finance, tax and management consulting.

“We are joining the UHY network at one of the most exciting times in the history of the UAE as Dubai gets ready to host the Expo 2020,” said Mathew, adding that membership will enhance the firm’s advice and services. We anticipate managing an increased demand for our services as the business environment continues to focus on economic diversification, promoting the UAE as a global trade and tourism hub.”

“We are delighted to welcome James Mathew Chartered Accountants to the UHY network, extending our coverage and capabilities in Dubai and the wider UAE,” said Petri, who appears to have quietly taken over as UHY International chairman in the first part of this year, with former chair Rick David having set up an independent consultancy. Petri brings almost four decades of industry experience to the role.