MHA closes acquisition of MS UAE

UK-based nonrecreational services radical MHA has completed its acquisition of Moore Stephens and Moore Stephens Consulting successful the United Arab Emirates (UAE), unneurotic operating arsenic MS UAE.

The statement was archetypal disclosed successful December past year.

MS UAE, established successful 1999, offers audit, taxation and advisory services to clients crossed a wide premix of industries.

Its portfolio spans construction, fiscal services, government-related entities, logistics, manufacturing, lipid and gas, existent property and trading businesses.

The signifier is headquartered successful Dubai and maintains offices successful Abu Dhabi, the Abu Dhabi Global Market, Sharjah, the Jebel Ali Free Zone and the Hamriyah Free Zone.

MS UAE managing spouse Farad Lakdawala said: “Joining MHA aligns with our ambition to physique a starring advisory beingness successful a marketplace that continues to pull planetary superior and enterprise.

“The estimation and spot of the MHA marque and concern exemplary creates a compelling level for the adjacent signifier of our growth.

“By combining our section penetration with the group's broader capabilities, we look guardant to delivering enhanced worth for clients and contributing to the continued occurrence of the wider firm.”

As per the agreement, MHA paid Dh36m connected a cash-free, debt-free basis.

MHA CEO Rakesh Shaunak said: “The completion of the acquisition of MS UAE marks different important measurement successful delivering our planetary maturation strategy.

“It gives america a beardown foothold successful a strategically important market, broadens our planetary scope and strengthens our quality to enactment clients operating crossed cardinal planetary commercialized and concern corridors. We are delighted to invited Farad and the wider squad to MHA.”

Last month, MHA named Craig McSherry arsenic a spouse successful its banking and superior markets practice.

"MHA closes acquisition of MS UAE" was primitively created and published by International Accounting Bulletin, a GlobalData owned brand.

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