BDO has concluded a merger with two auditing and accounting firms in based in Rabat, Morocco. The two firms are owned by Salah El Ghazouli and Larbi El Oufir respectively, both of whom are former Presidents of the Regional Council of the Order of Chartered Accountants in Morocco. The firms have a total turnover of MAD 7 million (approximately €600,000) and thirty employees altogether.
Zakaria Fahim, managing partner of the resulting strengthened BDO firm, says: “This merger was facilitated by the fact that we all share a common business vision, as well as shared values, based on client service excellence. Proximity to our clients is also important, and the combined firm gives BDO a presence in Rabat, as well as a stronger influence in the north of the country.
“With 75 employees and a turnover of MAD 19 million (+/- € 1.7 million), BDO now ranks as the 8th audit and accounting firm in Morocco and we are continuing to explore further growth opportunities”.