Top UAE accounting firms unite to shape the future of business services
Six-company merger delivers seamless, integrated solutions for a shifting market
DUBAI: In a bold move that is set to redefine the UAE’s business services landscape, six of the country’s leading accounting and advisory firms have merged, forming a new alliance designed to meet the ever-evolving demands of the market.
This strategic partnership brings together the strengths of Ahmad Alagbari Chartered Accountants, Firm Harbour Aegis, and several other firms, all known for their expertise in auditing, corporate taxation, business process outsourcing, and more.
By combining their resources, the firms aim to offer a comprehensive suite of services, providing cost-effective and reliable solutions for businesses navigating the UAE's regulatory environment.
Changing Market Demands
The timing of this merger couldn’t be more crucial. The UAE’s financial sector has undergone significant changes in recent years, driven by new regulations such as VAT, corporate tax laws, and enhanced Anti-Money Laundering (AML) measures. For businesses, keeping pace with these shifts has become increasingly challenging. The newly formed alliance sees an opportunity to bridge the gap between the high-end services offered by global firms and the growing need for affordable, reliable advisory solutions for mid-market companies.
“The UAE is the second-largest market for assurance and advisory services in the MENA region,” said Syed Asif Zaman, Managing Partner and CEO of Ahmad Alagbari Chartered Accountants and a Middle East council member of the Institute of Chartered Accountants in England and Wales (ICAEW). “This merger allows us to pool our resources, expand our expertise, and deliver services that address critical gaps in the market.”
The alliance’s comprehensive offerings span multiple verticals, from auditing and corporate advisory to VAT and emerging technologies. The newly merged entity also plans to integrate firms specialising in asset valuation and legal services, creating a one-stop solution for clients seeking integrated services.
Salman Sajid, Co-Founder and CEO of Firm Harbour Aegis, shared the group’s ambitious vision. “This merger reflects our collective commitment to empowering businesses with seamless, integrated solutions. We project revenues of over USD 15 million by 2025, which positions us for significant growth in the region.”
Building for the Future
The alliance has already assembled a team of 160 professionals, and with growth expected at a rate of 10-15% in the coming years, this number is set to rise. The newly formed entity is also positioning itself for international expansion, with plans to serve clients beyond the UAE and engage with government entities such as the Dubai Land Department.
The integration process will be completed by Q2 2025, with long-term growth plans focused on organic expansion and strategic acquisitions. The alliance’s use of cutting-edge technology, combined with a focus on regulatory compliance and client-centric service, is expected to help it navigate the UAE’s rapidly changing business environment.
As the firms merge, they are preparing for the next stage of growth, with a clear focus on providing exceptional service to clients in both the private and public sectors. By working together, these firms aim to offer comprehensive solutions that not only meet today’s needs but are also ready for the challenges of tomorrow.