TMF Group To Set Footprint In Saudi Arabia By Acquiring Middle East Firm PROVEN


The Business Process Outsourcing (BPO), corporate services, corporate immigration, and visa services divisions of PROVEN, a top Middle Eastern provider of business outsourcing services, have been acquired by TMF Group, a major provider of compliance and administrative services.

Since its founding in 2009, PROVEN has been at the forefront of developing systems that make it possible for companies to run smoothly in Saudi Arabia and other Middle Eastern nations, such as Kuwait, Bahrain, Egypt, and the United Arab Emirates. Since then, it has grown to serve global markets while continuing to uphold its standing as a reliable partner for businesses wishing to optimise their operations.

As the largest economy in the Middle East and the world's eighteenth largest, the KSA represents a key step in the expansion of TMF Group.

The PROVEN team has over ten years of experience, and they provide a wealth of knowledge, cutting-edge technology, and a contemporary service delivery style to assist its partners create the most value possible. Through this tactical acquisition, PROVEN can support inbound business from the 125 offices across the world of TMF Group while extending its corporate services value chain.  

On announcing this acquisition, TMF Group’s Head of EMEA Frank Welman commented: “PROVEN has demonstrated significant success in the region and this acquisition represents a milestone in TMF Group’s expansion strategy. The Kingdom of Saudi Arabia is a jurisdiction full of potential and this transaction will enable us to add high-quality service capabilities to TMF Group’s portfolio in the Middle East, where we already have a reputable presence in Qatar and the United Arab Emirates. We look forward to welcoming 57 of PROVEN’s talented employees to the TMF Group’s MEA team after the transaction closes.”

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