Nexia expands regional presence with new member firm in Oman

25 May 2020 Consultancy-me.com

Global accounting and consulting network Nexia International has added Innovative Business Solutions as a new member firm in Oman.

Accounting and consulting network Nexia International, the world’s ninth-largest network of its kind with combined revenues of $4.3 billion, as welcomed its latest global member firm, Innovative Business Solutions of Oman. The new addition further extends Nexia’s regional MENA footprint, with Algeria’s Addadahine Kawther joining the network earlier this year.

“We are pleased to welcome Innovative Business Solutions to the network,” said Nexia International CEO Kevin Arnold (Ian Stone was appointed as Nexia’s global chairman late last year). We look forward to working with a firm offering a wide range of services and who have the expertise and capabilities to further support our members and their clients around the world.”

Founded by former Ernst & Young senior leaders Mohamad Nsouli and Ranjith Elayadom in 2017, Innovative Business Solutions (IBS) provides a range of advisory services, including strategy consulting, business process improvement, change and programme management, technology solution design, continuous monitoring and improvement, enterprise resource planning.

Nexia expands regional presence with new member firm in Oman

Based out of Muscat, the IBS team of eight specialises in serving clients in a number of industries, including the government and public sector, security and defence, real estate, utilities, oil & gas, family businesses and the financial services sector. “As part of its growth strategy, IBS was looking to associate its name with a global brand,” commented Nsouli and Elayadom.

“With Nexia being among the top ten professional networks, it was clearly a favourable choice,” added the IBS partners, who spent over a decade together at EY. “Coming from a Big Four background, the IBS partners believe in the strength of global networks, in terms of providing business opportunities, a professional working environment, networking, and collaboration.”

Algeria

Meanwhile, Nexia earlier this year grew its MENA footprint with the addition of Addadahine Kawther (named for its managing partner) in Algeria. Based in Algiers with a team of ten staff, Addadahine Kawther specialises in auditing and assurance, tax, payroll and bookkeeping, along with providing a number of other advisory services such as legal advice and transfer pricing.

“Joining a prestigious, global network like Nexia will help us to achieve our ambitions for greater international presence, while having access to the expertise of first class professionals from across the world which will bring many benefits to our local and international clients,” said Addadahine, with Arnold noting the firm’s in-depth knowledge of the Algerian market.


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