TMF Group expands into Saudi by acquiring Proven’s corporate services business

TMF Group expands into Saudi by acquiring Proven’s corporate services business

TMF Group, a provider of compliance and administrative services, has announced the acquisition of the Business Process Outsourcing (BPO), corporate services, corporate immigration and visa services divisions of Proven, a business outsourcing organisation in the Middle East. Since its establishment in 2009, Proven has been at the forefront of enabling businesses to operate seamlessly in Saudi Arabia and other Middle Eastern regions, including the UAE, Bahrain, Egypt and Kuwait. It has since expanded to cater to international markets while maintaining its reputation as a trusted partner for organisations looking to streamline their operations. With a decade of experience, Proven’s team brings expertise, advanced technology and a modern service delivery model to help their partners achieve maximum value creation. The strategic acquisition enables Proven to support inbound business from TMF Group’s 125 offices globally while expanding its corporate services value chain. Meanwhile, TMF Group will benefit from integrating Proven’s regional corporate services businesses into its existing global infrastructure. As a result, TMF Group will open a new office in Riyadh, and build on the existing Saudi clients. On announcing this acquisition, TMF Group’s head of EMEA Frank Welman commented: “Proven has demonstrated significant success in the region and this acquisition represents