KPMG to add non-Saudi senior directors as shareholders

Mon, 2022-10-03 14:43

RIYADH: Global accounting firm KPMG Professional Services has introduced a new shareholding structure to include non-Saudi senior directors as shareholders of the company. 

The proposal was approved in the company’s extraordinary general meeting held on Oct. 1.

The move comes as KPMG obtained the license from the Kingdom’s Ministry of Investment, the company said in a statement. It added that the capital increase associated with this expansion of the ownership will be used to support the firm’s future growth.

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