03/01/2021 | Press release | Distributed by Public on 03/01/2021 17:01
Dubai, 2 March 2021 - FTI Consulting, Inc. (NYSE: FCN) today announced the signing of a memorandum of understanding between its UAE offices and RAI, a multinational accountancy and business advisory firm operating in the Kingdom of Saudi Arabia ('KSA') and Abu Dhabi in the United Arab Emirates ('UAE'), that will enable the two firms to offer their respective services to each other's clients.
RAI was established in 2019 as a national platform for accountancy, taxation and digital-led consultancy and has become a leading provider of professional services for large and medium-scale corporate entities.
RAI's strength and depth in financial accounting and audit service dovetail with the range of strategic advisory services that FTI Consulting provides in the Middle East, particularly corporate finance and restructuring as well as forensic and litigation consulting, economic consulting, technology and strategic communications.
Following entry into the corporate finance and restructuring market in the UAE through the strategic hire of Vikas Papriwal, FTI Consulting continues to enhance its capability across the region. The agreement with RAI signifies a collaboration between the two businesses to provide integrated services and niche specialisms and to further develop key client relationships within the KSA and in Abu Dhabi.
Commenting on the agreement, Mr. Riyad Al Mubarak, Managing Partner of RAI, said, 'RAI is heavily focused on maintaining and developing a culture that encourages collaboration. The signing of this memorandum of understanding with FTI Consulting provides a footprint to benefit our customers, our partners and the markets we serve.'
Mr. Al Mubarak has worked for accounting and advisory firms both in the KSA and UAE and served as the Chairman of the Department of Finance for the Emirate of Abu Dhabi between 2016 and 2019. Prior to this, Mr. Al Mubarak was the Chairman of the Abu Dhabi Accountability Authority, where he assumed the role of the Auditor General.
Simon Granger, a Senior Managing Director and Head of EMEA Corporate Finance & Restructuring at FTI Consulting, added, 'We are delighted to enter into this arrangement with RAI, which demonstrates our commitment to growth and the continued expansion of our market-leading offering to clients in the Middle East region.'
About FTI Consulting
FTI Consulting, Inc. is a global business advisory firm dedicated to helping organizations manage change, mitigate risk and resolve disputes: financial, legal, operational, political & regulatory, reputational and transactional. With more than 5,500 employees located in 27 countries, FTI Consulting professionals work closely with clients to anticipate, illuminate and overcome complex business challenges and make the most of opportunities. The Company generated $2.35 billion in revenues during fiscal year 2019. For more information, visit www.fticonsulting.com and connect with us on Twitter (@FTIConsulting), Facebook and LinkedIn.
RAI is a future-ready accountancy and business advisory firm. It is a national platform with a global mindset, integrating the best breed solutions and partnerships, building the national workforce of the future across audit, tax and digital-led consulting. RAI operates in the KSA and UAE markets.
FTI Consulting, Inc.
Office 1408, Level 14,
Burj Daman, Al Mustaqbal Street,
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Source: FTI Consulting, Inc.