KPMG MESAC revenues grow 22.4%; global revenues hit $36bln

KPMG MESAC revenues grow 22.4%; global revenues hit $36bln

Amid economic and geopolitical slowdowns, KPMG Middle East, South Asia and Caspian (MESAC) announced a 22.4% growth in the aggregate revenue of its member firms for the fiscal year ending September 30, 2023 (FY23). The announcement came in after KPMG International declared the annual globally aggregated revenues for KPMG firms of $36 billion for FY23, marking an increase of 8% from FY22 (5%).

The financial figures highlight robust year-on-year growth, reinforced by a multi-disciplinary approach that binds together world-leading expertise and integrated capabilities.

Dr Rasheed Al-Qenae, Chairman of the KPMG MESAC region and Managing Partner, KPMG in Kuwait, said: “The financial results for FY23 are an outcome of our continued investments in strengthening the quality and trust agenda as well as in expanding our capabilities. We are committed to making the most of our multi-disciplinary model, ensuring sustainable growth in every domain we operate in. Despite increasing complexities in the economic and geopolitical landscapes, we are seeing new, more tangible opportunities emerge in the region. We are, both, well-equipped and well-positioned to cater to the needs of our clients, people, and the wider society, while maintaining a keen focus on driving progress in terms of our ESG initiatives.”

Double-digit growth

KPMG member firms in