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Arabian Business
3 days ago
- Business
- Arabian Business
FTI Consulting expands to Riyadh with new office in King Abdullah Financial District
FTI Consulting, a global advisory firm for corporate services, announced the opening of a new office in the heart of the King Abdullah Financial District (KAFD) in Riyadh . The move to a new, larger office underscores the firm's long-term commitment to Saudi Arabia and plans to build on its existing capabilities in the region to further support a growing client base, the company said. FTI Consulting has operated in Saudi Arabia for more than a decade and obtained a Regional Headquarters Licence in February 2024. The firm provides a range of business advisory services to domestic and international corporations in both the public and private sectors. 'Establishing a presence in King Abdullah Financial District represents a major strategic milestone for FTI Consulting in the region,' said Antoine Nasr, a Senior Managing Director and Head of FTI Consulting in the Middle East. 'Saudi Arabia is undergoing a remarkable economic transformation, and our clients increasingly seek on-the-ground expertise to navigate this evolving landscape,' he said. Commenting on FTI Consulting's move, Sultan Alobaida, Chief Commercial Officer of King Abdullah Financial District Development and Management Company (KAFD DMC), said the move comes at a time when the global management consulting market is experiencing significant expansion. 'This global trend is mirrored in Saudi Arabia, where the need for consultancy services is rising as the Kingdom continues its economic transformation,' he said. Alobaida said that with Saudi Arabia's private sector now contributing 47 per cent to GDP, surpassing the 2024 target, the need for business, management and strategy consulting services is growing steadily.
Zawya
5 days ago
- Business
- Zawya
FTI Consulting opens office in King Abdullah Financial District in Riyadh
Riyadh — FTI Consulting, Inc. (NYSE: FCN) today announced the opening of a new office in the heart of King Abdullah Financial District ('KAFD') in Riyadh, Saudi Arabia. The move to a new, larger office underscores the firm's long-term commitment to Saudi Arabia and plans to build on its existing capabilities in the region to further support a growing client base. FTI Consulting has operated in Saudi Arabia for more than a decade and obtained a Regional Headquarters Licence in February 2024. The firm provides a range of business advisory services to domestic and international corporations in both the public and private sectors. 'Establishing a presence in King Abdullah Financial District represents a major strategic milestone for FTI Consulting in the region,' said Antoine Nasr, a Senior Managing Director and Head of FTI Consulting in the Middle East. 'Saudi Arabia is undergoing a remarkable economic transformation, and our clients increasingly seek on-the-ground expertise to navigate this evolving landscape. KAFD is at the heart of a dynamic government and financial landscape, where we can provide our clients with unparalleled strategic consulting advice and access to regional and global markets. We are proud to play a role in realising their ambitions in this vibrant market.' FTI Consulting has been active in the Kingdom for more than a decade and provides domestic and international corporations, ministries and government bodies with a range of business advisory services, including strategy consulting, construction solutions, corporate finance, data privacy, expert witness, financial crime management, forensic and digital investigations, public sector advisory, economic consulting and strategic communications. Commenting on FTI Consulting's move, Sultan Alobaida, Chief Commercial Officer of King Abdullah Financial District Development and Management Company (KAFD DMC), said: 'The global management consulting market is experiencing significant expansion, with a compound annual growth rate of 6.56% forecast between 2025 and 2034. This global trend is mirrored in Saudi Arabia, where the need for consultancy services is rising as the Kingdom continues its economic transformation. With Saudi Arabia's private sector now contributing 47% to GDP, surpassing the 2024 target, the need for business, management and strategy consulting services is growing steadily. This development reflects the country's ongoing economic diversification under Vision 2030. Additionally, Saudi Arabia's rise to 16th globally in the IMD World Competitiveness Ranking an improvement of 20 positions signals the dynamic business environment, which creates opportunities for firms, like FTI Consulting, to contribute their expertise. In light of these themes, therefore, KAFD is the natural home for FTI Consulting in the Kingdom. As part of this prestigious community, it will benefit from the close proximity to leading entities, the unrivalled connectivity and the world-class infrastructure that KAFD offers. We are delighted to welcome the company to the district as we continue to build on our position as the premier destination for business in the Kingdom and beyond.' Lars Faeste, EMEA Chairman at FTI Consulting, added, 'Our decision to open in KAFD speaks directly to where our clients need us most. Riyadh is fast becoming a nexus for investment, governance reform and business transformation, all of which align closely with our core service offerings. This move also strengthens our commitment to the professional development of Saudi talent and the nurturing of future leaders within our firm. From our new location, we look forward to further enhancing our ability to address clients' critical issues — from large transformational strategies to crisis management.' About FTI Consulting FTI Consulting, Inc. is a leading global expert firm for organisations facing crisis and transformation, with more than 8,100 employees in 33 countries and territories as of March 31, 2025. In certain jurisdictions, FTI Consulting's services are provided through distinct legal entities that are separately capitalized and independently managed. The Company generated $3.70 billion in revenues during fiscal year information can be found at Investor Contact: Mollie Hawkes +1.617.747.1791 Media Contact: Helen Obi +44 20 7632 5071 About KAFD Situated in the Saudi capital, Riyadh, KAFD is an iconic destination that merges the worlds of business and lifestyle in a digitally integrated and sustainable ecosystem, transforming the way contemporary communities live, work, and play. The destination is owned and managed by King Abdullah Financial District Development and Management Company (KAFD DMC), which was established in 2018 and is a PIF Company. With a vision to build a dynamic city of tomorrow, the Kingdom's first vertical city solution, spanning 1.6 million square meters with 95 buildings designed by 25 world-leading architectural firms, has not only shaped the skyline of Riyadh but also transformed the city's economic landscape and redefined the essence of urban living. It is the world's largest LEED platinum-certified business and lifestyle district, epitomizing Saudi Arabia's vision for economic diversification, quality of life, and sustainable development. For further details about KAFD, please visit
Yahoo
7 days ago
- Business
- Yahoo
Accountancy firm Torr Waterfield to merge with Duncan & Toplis
Torr Waterfield, a Leicester-based accountancy firm, is set to merge operations with Duncan & Toplis, a UK-based accountancy and business advisory group. Founded in 2000, the Leicester-based firm offers comprehensive accountancy, tax, and business advisory services to a broad range of clients. In a statement, Torr Waterfield said the move is part of its strategic growth plan to enhance its client offering and regional presence. The merger, which is awaiting regulatory approval, will see Torr Waterfield rebrand under the Duncan & Toplis name. All 60 team members of Torr Waterfield, including directors and co-founders Mark Torr and Mike Waterfield will remain in roles following integration. Mark Torr said: 'We're proud of everything we've built over the past 25 years. Joining Duncan & Toplis enables us to further build on that foundation while creating space to grow. 'We're confident this will be a smooth transition, and we look forward to continuing to support clients with the same service they know and trust, now with the backing of a respected and established national group.' Furthermore, the current Torr Waterfield office on Clarence Street will become part of Duncan & Toplis's network. Duncan & Toplis, operating since 1925, has 13 offices across the Midlands and London. Duncan & Toplis CEO Damon Brain said: 'Leicester is a key strategic location for us, and this move strengthens our regional presence while adding great people and experience to our team. This partnership is not just about growth – it's about alignment. 'Mark, Mike, and their team have built a people-focused firm that puts clients first, which reflects our own values. We're excited to support them as we move forward together.' In February this year, Duncan & Toplis acquired North London-based ALG for an undisclosed sum. "Accountancy firm Torr Waterfield to merge with Duncan & Toplis" was originally created and published by International Accounting Bulletin, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
17-05-2025
- Business
- Yahoo
RBK merges with two Irish accountancy firms
RBK Chartered Accountants has announced its merger with MCP Accountants and OMC O'Malley & Company, located in Castlebar, Ireland. OMC O'Malley & Company provides a range of business support, accountancy, tax and audit services. The firm has been offering accounting services to local and international based businesses since 1985. Originally established as Michael Cosgrove & Partners in 1987, MCP Accountants delivers a range of tax, audit, accounting, corporate recovery and business advisory services. The newly merged entities are projected to achieve revenues surpassing €26m ($29m) and will comprise a team of 19 partners. Collectively, the organisation will employ more than 270 professionals and support staff across four locations, strengthening RBK's position on a national scale. Post-merger, the firms will function under the RBK name, with a new office to be launched in Castlebar. MCP Accountants managing partner Michael Cosgrove said: 'This merger is an excellent fit, both in terms of client focus and cultural alignment, and we are excited to collaborate with and get to know our new colleagues. 'My fellow partners and I made the decision to merge with RBK because we firmly believe it is in the best interests of our clients and our team. 'As part of a larger, thriving practice, we can now offer enhanced continuity of service to our clients and significantly improved career opportunities for our team.' Cathal Melia, who is an audit and business advisory partner, will take on the role of partner in charge, managing the integration of RBK's services within the Castlebar office. RBK managing partner Joe Cleary said: 'This is a significant milestone for our firm and we take great pride in our existing links to the region and in the strong presence we have built in the West of Ireland. 'This new chapter is a key part of our growth strategy as we continue to position ourselves for future expansion, combining talent and resources to meet the evolving needs of our diverse client base. 'The mergers with MCP Accountants and OMC O'Malley & Company mark a major step in strengthening our nationwide presence, and we look forward to providing a comprehensive service offering from the enhanced North West base.' "RBK merges with two Irish accountancy firms" was originally created and published by International Accounting Bulletin, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
