What's Happening?
Grant Thornton has bolstered its senior team in Saudi Arabia by appointing Ahmed Yasen Jifri and Alaa Fayed. Ahmed Yasen Jifri, formerly of KPMG, brings over a decade of experience in audit and assurance,
advising clients on financial reporting and regulatory compliance. Alaa Fayed, with over 20 years of experience, has held senior roles at EY, KPMG, and PwC, specializing in accounting, assurance, and enterprise asset management. Grant Thornton has a long-standing presence in Saudi Arabia, with over 200 professionals across major cities.
Why It's Important?
These appointments are crucial for Grant Thornton's strategic growth in Saudi Arabia, enhancing its capability to provide high-quality advisory services. The expertise of Jifri and Fayed will strengthen the firm's position in the competitive market, particularly in sectors like financial services, real estate, and hospitality. This move aligns with the broader economic reforms under Saudi Arabia's Vision 2030, which aims to attract foreign investment and develop the financial sector.
What's Next?
Grant Thornton is expected to leverage the expertise of its new senior team members to expand its client base and service offerings in Saudi Arabia. The firm may focus on developing innovative solutions in digital audit and IFRS-based reporting, aligning with global standards and local market needs.
Beyond the Headlines
The appointments highlight the increasing demand for skilled professionals in Saudi Arabia's evolving business landscape. As the country continues to implement economic reforms, there will be a growing need for advisory services to navigate regulatory changes and optimize business operations.
