KPMG reports double-digit growth in Saudi Arabia

KPMG’s Saudi business has reported double-digit growth for the fiscal year ending Sept. 30, 2017, it said in a statement. 

KPMG’s Middle East and South Asia (MESA) revenues across all core functions grew in double digits, with audit revenues increasing by 13 percent, tax by 19.1 percent, and advisory by 10.6 percent.

Within advisory, deal advisory and risk consulting revenues increased by more than 20 percent this year, the statement said.

“At KPMG in Saudi Arabia, revenues grew in double digits for the fourth consecutive year,across all core functions, with advisory services accounting for the highest percentage,” said Abdullah Hamad Al-Fozan, chairman of KPMG MESA and KPMG in Saudi Arabia.

“We are achieving record growth in the Kingdom due to the increasing demand for KPMG services by both the private and public sector, with a particular focus on advisory,” he added.