Deloitte announces a new firm in Egypt has been saved
Deloitte announces a new firm in Egypt
20 October, 2022 – Deloitte is announcing that it is forming a new firm in Egypt that will be part of Deloitte Middle East. The announcement comes following the mutual decision to end the affiliation with Saleh, Barsoum & Abdel Aziz (“SBA”) to enable both firms to pursue their respective strategies in Egypt. The separation will see certain clients, engagements, and team members in Audit and Tax transferring to the new Deloitte firm, while SBA will maintain the majority of its clients, operations and staff. This move is part of the ongoing transformation of Deloitte’s presence in the Middle East region.
“Deloitte will cater to the fast-growing Egyptian business landscape, including technological and digital transformation, tax and sustainability. This is more relevant than ever today, as Egypt is undergoing an urban renaissance through the development of its environmentally conscious new smart cities, adopting the most innovative sustainability solutions,” said Mutasem Dajani, CEO, Deloitte Middle East.
“I would like to thank the leaders of Saleh, Barsoum & Abdel Aziz (SBA), for the long collaboration we have had in serving our clients in Egypt and wish them the best in their new endeavors. We have aligned on a smooth transition in late 2022. We are excited about the future of Egypt and our ability to evolve our Deloitte presence to serve the market and our clients,” said Dajani.
About Deloitte & Touche (M.E.) LLP:
Deloitte & Touche (M.E.) LLP (DME) is the affiliate for the territories of the Middle East and Cyprus of Deloitte NSE LLP (“NSE”), a UK limited liability partnership and member firm of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”).
DME is a leader in professional services with uninterrupted presence in the Middle East since 1926 with 26 offices in 14 countries and around 5,000 partners, directors and staff. DME’s presence in the Middle East and Cyprus is established through its affiliated independent legal entities, which are licensed to operate and to provide services under the applicable laws and regulations of the relevant country. DME’s affiliates and related entities cannot oblige each other and/or DME, and when providing services, each affiliate and related entity engages directly and independently with its own clients and shall only be liable for its own acts or omissions and not those of any other affiliate.
Deloitte refers to one or more of DTTL, its global network of member firms, and their related entities. DTTL (also referred to as “Deloitte Global”) and each of its member firms are legally separate and independent entities, which cannot obligate or bind each other in respect of third parties. DTTL and each DTTL member firm and related entity is liable only for its own acts and omissions, and not those of each other. DTTL, NSE and DME do not provide services to clients. Please see www.deloitte.com/about to learn more.
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