• Danial Khalid leads the new capability as a Managing Director – joining A&M from Deloitte
• Launch reflects strong demand for a conflict-free, senior-led alternative in the Saudi tax advisory market

Riyadh – 23^rd February 2025 – Global professional services firm Alvarez & Marsal (A&M), regionally headquartered in Riyadh, has expanded its Tax Practice in Saudi Arabia with the launch of a dedicated Transfer Pricing (TP) & Pillar Two advisory offering. The new capability provides clients with end-to-end support across transfer pricing policy design, documentation, compliance, dispute resolution, tax structuring and BEPS Pillar Two advisory.

This marks the next phase of growth following the establishment of A&M’s Saudi Tax practice in September 2025. The firm continues to build a Saudi-anchored, senior-led platform with more than 20 professionals in the Kingdom, including two Saudi Managing Directors. The addition of a fully operational TP and Pillar Two advisory team responds to increasing client demand for audit-independent, conflict-free tax advisory services at a time of rapid regulatory change.

A&M’s model differs from traditional consulting structures in the market by providing direct senior involvement, no audit conflicts, and delivery through integrated multidisciplinary platform combining tax with restructuring, transactions, valuations, and dispute advisory capabilities.

Heading up the new team is Danial Khalid, who joins A&M as a Managing Director. With more than 15 years of international experience across Singapore, Indonesia, the UAE, and Saudi Arabia, Danial has advised multinationals on all aspects of transfer pricing and international tax. He previously led Deloitte’s Transfer Pricing practice in KSA and served as Technology, Media and Telecommunications (TMT) Tax Leader for Deloitte Middle East. He holds an MSc in Economics from the University of Kent, UK.

Joining alongside him is Abir Mukherjee, an experienced TP and Pillar Two advisory professional who previously supported the Zakat, Tax and Customs Authority (ZATCA) as an external advisor on International Tax matters, and before that worked in EY’s Transfer Pricing practice in Saudi Arabia. The TP and Pillar Two advisory team also include two GCC-national Managers, further strengthening A&M’s commitment to building locally rooted capability with regional insight. Together, the team brings clients regulator-side experience, deep technical expertise, and ability to operate as a fully functional advisory unit from day one.

Commenting on the launch, Craig McAree, Managing Director and Head of A&M’s Saudi Tax practice, said: “Establishing a comprehensive TP & Pillar Two offering in Riyadh furthers our mission of combining deep domestic knowledge, local senior-led execution, audit independence, and global insight to deliver end-to-end solutions. As Saudi Arabia’s tax landscape enters a new phase, TP & Pillar Two capabilities are increasingly central to cross-border business strategy. Danial’s team helps clients navigate this complexity with precision and confidence – combining technical excellence, commercial insight, and an understanding of the local environment.”

Marvin Rust, Managing Director and Head of A&M Tax EMEA, noted: “The launch of our TP & Pillar Two advisory offering marks another key milestone in building a comprehensive, senior-led tax advisory business in the Kingdom. The team’s deep regional and sector experience enhances our ability to deliver specialist support to clients as Saudi Arabia’s tax environment continues to evolve.”

Ernesto ‘Ernie’ Perez, Global Practice Leader of A&M Tax, added: “Danial’s hire underscores our commitment to investing in high-calibre talent that complements our growing regional platform. His expertise strengthens our ability to support clients in managing their global tax obligations.”

A&M’s Tax practice specialises in a wide range of areas, including zakat, direct and indirect taxes, and transfer pricing – both domestic compliance and advisory services. The practice also supports on tax policy, dispute resolution, M&A tax support, cross-border structuring and advisory, Pillar 2 assessment and implementation, and tax function transformation through technology. Additionally, the team offers services for private clients and people-related tax matters. Collaborating closely with A&M’s regional and global experts, the practice delivers integrated tax support across transactions, restructurings, and ongoing compliance requirements.

The Saudi-based team combines extensive local tax knowledge with experience in the public sector, tax authorities, and global advisory firms. The new TP & Pillar Two advisory offering forms the latest part of A&M’s ongoing expansion in the Kingdom.

ENDS

About Alvarez & Marsal

Founded in 1983, Alvarez & Marsal is a leading global professional services firm. Renowned for its leadership, action and results, Alvarez & Marsal provides advisory, business performance improvement and turnaround management services, delivering practical solutions to address clients' unique challenges. With a world-wide network of experienced operators, world-class consultants, former regulators and industry authorities, Alvarez & Marsal helps corporates, boards, private equity firms, law firms and government agencies drive transformation, mitigate risk and unlock value at every stage of growth.

About Alvarez & Marsal Tax

Alvarez & Marsal Tax part of Alvarez & Marsal (A&M), a leading global professional services firm, is an independent tax group made up of experienced tax professionals dedicated to providing customised tax advice to clients and investors across a broad range of industries. Its professionals extend A&M's commitment to offering clients a choice of advisers who are free from audit-based conflicts of interest and bring an unyielding commitment to delivering responsive client service. A&M Tax has offices in major metropolitan markets throughout the Americas, EMEA, and APAC.

To learn more, visit: AlvarezandMarsal.com

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