UHY expands MENA presence with firms in Kuwait and UAE

11 June 2020 Consultancy-me.com 2 min. read

Global accounting and consulting network has beefed up its presence in the Middle East with the addition of new member firms in Kuwait and the United Arab Emirates.

In Dubai, James Chartered Accountants has been added to the firm’s ranks. Founded in 2005 by James Mathew, the firm is today one of Dubai’s larger home grown professional services firm with a total headcount of 85 partners and advisors.

The local firm supports its client with audit, advisory, corporate finance, tax and management consultancy services, with a focus on organisations in the healthcare, manufacturing, trading, contracting and real estate sectors. Having previously been affiliated with the Crowe network, James Chartered Accountants is now UHY’s exclusive member firm in the UAE.

On the switch of networks, company founder Mathew said: “Being part of UHY underpins our commitment to deliver quality services and enhances the advice we can offer our clients. The global presence of the network combined with the expertise and knowledge shared among UHY’s 8,200 colleagues, not only strengthens our own capabilities, but also those of our current and potential clients and their operations.”UHY expands MENA presence with firms in Kuwait and UAEDennis Petri, chairman of UHY commented: “The UAE is one of the Middle East’s most important economic centres and James Chartered Accountants is well placed to serve our international clients who have business interests in this country and the wider region.”

Meanwhile, in Kuwait, Pillars Advisory has joined UHY’s network. The local firm supports its clients with assurance, accountancy and consultancy services, as well as risk & compliance and training services. While it works across sectors, its sweet spot lies in five key segments: real estate, non-profit, retail, business services and contracting.

Pillars Advisory, which now trades as UHY Pillars, was founded in 2013 by Wael Arafa, who previously learned the tricks of the trade at Bench Advisory, a Kuwait-based professional advisory firm that helps small and medium sized enterprises (SME’s) with accounting, financial planning and risk advisory services.

Commenting on the affiliation, Arafa highlighted the benefits of UHY’s global network and the possibility to share experiences and engagements with likeminded advisors.

“Kuwait has huge reserves of natural resources, a strategic location in the Persian Gulf and is part of the implementation of Gulf Gateway projects. We are delighted to welcome Pillars Advisory,” said Petri.

Earlier this year, UHY expanded its presence in Latin America with new member firms in Nicaragua and Paraguay.