2019

Grant Thornton reports second year of double-digit growth

Manama: Grant Thornton Bahrain, a leading audit and advisory firm, has reported the second successive year of double digit growth in business.

This was announced during an internal workshop for the entire team of the company lead by managing partner Jassim Abdulaal, who also reinforced the commitment to developing talent in the country.

Provided a strategic update on the growth trajectory of the firm, he said “we are delighted to announce double-digit growth in Bahrain, which has seen our firm and people capability grow over the last financial year. We have seen continued growth in audit and assurance and International Financial Reporting Standards advisory.”

Mr. Abdulaal said the introduction of VAT and continued fiscal reform are major opportunities, for which the firm will continue to invest and develop tax advisory practice.

“Alongside this, our focus on the next financial year will be able to continue the momentum that we have built and further develop our risk advisory and technology advisory practice, to continue aiding our clients with current and future growth opportunities.”

He also recognised the 130-member team at Grant Thornton Bahrain for their continued commitment in driving the growth agenda further forward.

This was followed by senior partner Jatin Karia, who shared insights on the market and plans for leveraging future growth opportunities, both locally and globally.

Mr. Karia said the continued growth of the firm in Bahrain wouldn’t have been possible without attracting, developing and retaining the best talent.

“We have seen an increase in women in our workforce, who play a crucial role and we have invested in working with strategic global firms who bring international and local expertise to further support us.”

The official said he was pleased to report that the firm was recognised at the annual conference of Bahrain Chapter of the Institute of Chartered Accountants of India, where the delegates ranked Grant Thornton as second amongst all professional service firms in the county.

Mr. Karia is optimistic about growth prospects in 2020, saying “it looks to be an opportunistic year for our firm and the country and we would like to thank both our people and the leadership if Bahrain for the continued support and commitment.”

“Bahrain is uniquely placed, having strong economic links and to Saudi Arabia and geographically being in close proximity, aiding the ease of doing business with key markets in the Middle East, enabling it to truly deliver a connected and agile local and global service to clients”, he said.

“Within a footprint in Oman which links to the belt and road initiative, the firm has leveraged the member firm network to drive collaborative growth.”

The session concluded with partners Yaser Abbas and Ali Abbas delivering a team coaching session, sharing the knowledge that they have acquired at the global leadership programme hosted by Grant Thornton International.

The two-day workshop also featured both technical and soft-skills training.

Experts including assurance partner Nirmal Gheewala, assurance quality head and director Chris Noguera, business risk partner Sunil Thakkar, IT advisory director Navneet Sharma and senior manager for tax Muhammad Naveed provided insights on key developments including changes in International Financial Reporting Standards, Personal Data Protection Law and VAT law.