In a strategic move to strengthen its leadership, KPMG, a leading provider of a full range of audit, tax and advisory services, has announced the promotion of two of its directors in Kuwait to the role of partners.

 

This decision saw Salman Bin Khalid and Muhammad Hanan Tariq advance in position as Partner in Audit and Partner in Tax & Corporate Services respectively, thus taking the firm’s leadership tally to 11,  said KPMG in a statement.

 

Salman has 18+ years of experience with Big 4 firms in Audit, Assurance and Accounting Advisory, five of which he has spent in KPMG Kuwait’s Audit function. 

 

In his tenure at KPMG Kuwait, he has provided Audit and Assurance services to leading financial service organizations and driven crucial initiatives such as the firm’s Audit Internship Program as well as its System of Quality Management (SoQM) process. 

 

He has played a pivotal part in KPMG Kuwait’s Audit and Assurance services to key financial services organizations across oil and gas, telecommunications, e-commerce, automotive, infrastructure, family business and private enterprises, among other industries.

 

On Hanan, KPMG said he has over 18 years of accounting, tax compliance and advisory experience in the Middle East, which comprises advising clients on tax compliance matters and major tax structuring of joint ventures for mega projects in the region. 

 

Hanan has been involved in advising companies with respect to inbound investment in Kuwait. He has assisted major multinational companies in structuring their operations in Kuwait in a tax-efficient manner and provided detailed advice in respect of the application of various tax treaties with Kuwait, said the statement. 

 

At KPMG Kuwait, Hanan is the cornerstone of the China Business Desk. This desk has helped create a corridor for Chinese businesses, helping Chinese investors recognize prospects in Kuwait. His professional experience spans across oil and gas, energy, construction, retail and banking, among others, it added.

 

Through these promotions, KPMG Kuwait will look to draw on Salman and Hanan’s 40 combined years of experience to expand on its Audit and Tax capabilities.

 

On the promotions, Dr Rasheed Al Qenae, Managing Partner, KPMG Kuwait, said: "I am excited to announce the promotions of my colleagues, Salman Bin Khalid and Muhammad Hanan Tariq, to the role of Partner. In the time they have been with us, Salman and Hanan have been instrumental in driving the growth of their respective functions, i.e., Audit and Tax, and have also made significant contributions to the firm’s collective success."

 

"This step is aligned with our ambition of becoming the most trusted and trustworthy professional services firm, and I am confident it will further strengthen our firm’s leadership and help bolster KPMG’s presence locally, regionally and in the wider Middle East, South Asia, Caucasus and Central Asia region," he added.

 

Zubair Patel, Partner and Head — Tax & Corporate Services and Head of People, KPMG Kuwait, said, "These promotions reflect the exceptional leadership, dedication, and significant contributions Salman and Hanan have made to the firm’s growth and success."

 

"Based on their achievements, I am confident having them as part of KPMG Kuwait’s leadership will support us immensely in terms of building on our capabilities, delivering quality services at speed and at scale for our clients, providing a dynamic, inclusive environment that is equitable and diverse for our people, and reflect the communities we operate in," he added.-TradeArabia News Service