Business


Grant Thornton aims to increase global revenue by 10%


Partners and members from regional Grant Thornton firms along with members from the company’s head office in the UK attend the meeting. Photo - Jun Estrada/TIMES OF OMAN

Muscat:  Grant Thornton, a leading business and financial advisory firm, aims to grow its global revenue by at least 10 per cent and deliver promise internally and externally, said Nigel Ruddock, global leader of advisory services at Grant Thornton International.

Speaking at the Grant Thornton Middle East regional meeting held here recently, Nigel Ruddock stated, "Grant Thornton registered the highest overall growth rate at 10.4 per cent in 2012, earning global revenue of $4,181.6 million. We have increased our performance in the Middle East. Egypt, Oman, Qatar, and the United Arab Emirates experienced growth of between 10 per cent and 19.9 per cent, while the Kingdom of Saudi Arabia was the only firm to grow in excess of 38 per cent; Lebanon experienced strong growth of 27.1 per cent."

Global footprints
He added, "We have also increased our global footprints; now, we have a presence in 127 countries, with 634 offices. In the Middle East, we have 16 offices, spanning 13 countries."
Nasser Said Al Mughairy, managing partner of Abu Timam Grant Thornton, Muscat, noted in his opening remarks, "Oman has developed in a healthy manner, and we have registered a growth rate of 12.6 per cent in 2012."

Partners and senior-management members from regional Grant Thornton firms attended the meeting, along with senior members from the company's head office in the United Kingdom.
The meeting was chaired by Nasser Mughairy, the managing partner of Grant Thornton, Oman. Also in attendance were David Fisher, regional development director, and Jonathan Geldart, global director of marketing communications at Grant Thornton International Ltd.

Grant Thornton provides assurance, tax, and advisory services to public listed companies, privately owned businesses, public interest entities, and individuals in the Middle East. Grant Thornton is an innovative global organisation that provides advice, ranging from small bespoke assignments through to major capital projects.

Prestigious clients
The company's team has advised on more than 400 projects with an  aggregate capital value in excess of £50 billion. It has been a very successful year for the company, with several prestigious client wins across the region.

Some of the othe major clients in the region are Qatar Railway Company; Qatar 2022 World Cup; Le Meridien Group of Hotels; Emaar Hospitality Group; Oberoi Hotel in Luxor, Egypt; Sheraton, Jeddah and Makkah; and Arabian Global Investments.

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