Cedar has been assisting clients in the Middle East since 1999, living through the region’s rapid economic development (and challenges) in the last few years. It has helped some the region’s largest financial services organizations, family owned groups, and trading companies to transform and participate in opportunities across the region. With a strong client base and office in the UAE, Cedar has assisted clients in Qatar, Bahrain, Oman, Saudi Arabia, Jordan, Lebanon, Egypt, and Turkey. Clients have been supported in the area of market assessment, strategy formulation & deployment using the Balanced Scorecard, HR strategy & transformation, business process re-engineering & cost reduction, and development of business technology strategy. Most of Cedar's mandates are at the Board and CEO level. Over 200 consulting projects have been executed across industry sectors including financial services, Islamic banking, oil & gas, real estate, retail, hospitality, education, consumer products, pharmaceuticals, telecom, automotive, and diversified industrials. Clients range from the government to some of the largest groups and banks in the Middle East.
Cedar is well recognized as one of the few consulting firms that will take the responsibility of assisting the client from formulating strategy to executing and project managing a complex transformation of the business, and key business initiatives.
Islamic banking is being rapidly accepted on a global basis, and is fast maturing. With over $1 trillion of assets under management, the sector is experiencing strong growth, and in some cases is seen as a safer option in the ‘flight to safety’ in a globally challenged economic environment. Additionally countries like Oman have recently opened up the Islamic opportunity. Cedar has been assisting some of the oldest and new Islamic institutions since 1999 in the development of strategy and the transformation of their business.