FTI Consulting has come to an agreement with UAE-based accounting and advisory firm RAI to offer their individual services to respective client bases in Saudi Arabia and the UAE.
Global professional services firm FTI Consulting has struck an alliance with Middle Eastern accounting and business advisory RAI, which operates across Saudi Arabia and the UAE. According to the MoU, the agreement will see both firms granted the opportunity to offer their respective services to one another’s clientele, with the move part of FTI’s strong regional push.
“We are delighted to enter into this arrangement with RAI, which demonstrates our commitment to growth and the continued expansion of our offering to clients in the Middle East region,” said FTI Consulting Senior Managing Director Simon Granger, who heads up the firm’s Corporate Finance & Restructuring division for Europe, the Middle East and Africa.
In a press statement celebrating the deal, the firm added; “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.”
Established in 2019 and based out of Abu Dhabi, RAI offers audit and accounting, tax, and digital-led business advisory services to large and medium-scale corporate entities. The firm currently has three dozen employees listed on LinkedIn, the majority of whom come from a Big Four background – including Managing Partner and former Abu Dhabi Executive Council member Riyad Al Mubarak.
“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,” commented Al Mubarak, who has developed an impressive resume since departing the Big Four landscape as an audit manager in 2004.
In addition to serving as Chairman of Finance on the Abu Dhabi Executive Council, Al Mubarak before founding RAI held a number of prominent roles, including as Chairman of the Abu Dhabi Pensions Fund and member of the ADNOC’s Supreme Petroleum Council. Earlier, he chaired the Abu Dhabi Accountability Authority and is an Honorary President of the Accountants and Auditors Association.
Recently noted as one of a number of turnaround specialists ramping up in the Middle East, FTI further pointed to the recruitment of KPMG veteran Vikas Papriwal to head up its Corporate Finance & Restructuring division as evidence of its regional growth commitment. The addition of RAI as an affiliate follows FTI’s acquisition of Dubai-based TMT consultancy Delta partners last year.
Sourced from Consultancy-me.com