Managing Partner CFO Services
Rhandisa Consulting
Total years of experience :28 years, 5 Months
RHANDISA Consulting Services is a global network consulting firm headquartered in Dubai, United Arab Emirates, and with members around the world. RHANDISA operates through a global network of independent senior consultants and business people who provides advisory and consulting services. Its clients operate in different sectors including: FMCG, Retailing, Industrial and Manufacturing. Achievements include:
• CFO, Finance Director and Corporate Controller on Interim basis to clients in the sectors of Retailing, Manufacturing and O&G.
• Project Financing Leader of a new Refinery in Colombia CRC (“Centro Refinador Catatumbo”) with a capital investment in the amount of US$ 317, 000, 000 to process 25, 000 BPD.
• Valuation and Financial Projections of different JVs and refineries of ECOPETROL (Colombian O&G company) and US - SEC 10K filings. IFRS & US-GAAP reporting.
ASGC (Al Shafar Group) is a vertically integrated construction, real state, manufacturing & hoteling group that is best known for delivering turn key special projects in the UAE and North Africa.
The Group with consolidated revenues over US$ 1.2 million, owns the majority of its supply chain and utilizes mostly in-house resources, giving it a high degree of control over project quality and timely delivery.
ASGC has grown progressively over the last three decades with a clear vision for the future. Over the years, we have been involved in landmark projects across diverse sectors such as residential, commercial, leisure, hospitality, healthcare, education, social infrastructure and industrial.
Achievements include:
• Readiness for an IPO to take place during the 1Q 2018. Numerous tasks achieved to have the Group ready for the IPO including: design and implementation of a Corporate Governance Manual, Internal Audit Committee, etc. Prepare documents for SCA filing for IPO.
• Close interaction with underwriters, external lawyers, potential investors and external auditors.
• Design and implementation of a Centralized Group Treasury Desk. Renegotiation of bank credit facilities at the Group & Subsidiaries level. Check dues and ensure timely collection of them. Support meetings with clients for recovery. Review bank facility for covenant follow up and adherence. Review budget and cash flow of all companies.
• Full execution of a project to enhance the financial reporting (both accounting & forecasting) of the Group & Subsidiaries to match the standards of the public companies. Special emphasis in accuracy and timing.
• Full implementation of ORACLE platform in the Group & Subsidiaries. Close interaction with IT Team and other stakeholders. Review of internal control procedures. & follow up to internal audit comments.
• Analysis of the new Value Added Tax legislation in the UAE, assessment of its impact and design / implementation of corresponding procedures and policies.
• Financial analysis & business intelligence in potential M&A. Feasibility studies of new projects for development.
• Process improvement and re-structuring of the Finance Function. Staff career development plans.
• Tax strategy for ASGC - UK to centralize procurement activities. Filing of tax returns in UK and Egypt.
• Board presentations, internal audit committees and AGM.
• Check adequacy of insurance cover of all companies for their projects, assets, employees, fidelity & cash cover.
Al-Rashed Group for Projects Holding Company is one of Kuwait’s leading family owned Groups, with consolidate revenues over US$ 800 million. Through it’s subsidiary companies Al-Rashed Holdings has a number of strategic divisions focusing on: O&G, Utilities, Construction & Infrastructure Projects; Real State, Manufacturing, and Logistics as well as number of smaller specialist business units.
Through its operating divisions Al-Rashed Holdings has built an outstanding reputation in these key markets working with its partner international companies in the State of Kuwait and the wider Gulf Region.
Achievements include:
¥ Responsible for developing the business financial strategy to maximize and safeguard of assets with an estimated value over US$ 3.2 billion.
¥ Designed and defined the Group and Subsidiaries objectives, KPIs and Operational Plans.
¥ Responsible for leading the implementation of good financial management systems by maximizing the cash flow and earnings, optimizing the capital structure, and minimizing risk exposure.
¥ Implement the necessary systems to control and monitor revenues (US$ 2.2 billion) and expenditures (US$1.4 billion),
¥ Responsible for the development of strategies and presentations to the Executive Committee and Board of Directors regarding funding plans, funding alternatives, and associated risks.
¥ Preparation and filing of all financial reporting documents required by the Articles of Association, governance and regulatory authorities, including responsibilities for statutory and legal compliance of the financial systems and reporting.
¥ Development and implementation of financial accounting policies, controls, and procedures in line with local and international standards and the requirements of regulatory authorities
¥ Ensured 100% compliance on statutory and fiscal requirements of the Group and Subsidiaries.
¥ Acted as the organization’s representative in its dealings with the external auditors, legal and government offices’
¥ Represented the company externally to media, government agencies, funding agencies, and the general public
¥ Responsible for the financial aspects of major transactions, the execution of bids contracts and leases.
¥ Built the finance organization, bringing best practices, policies, processes. Built up team spirit in a team of 67 people.
Role accountable for integrating the US$31m Construction, Manufacturing, Retailing & Energy practices for Africa Central Region, encompassing 9 countries, 17 partners and 350+ staff, Country Senior Partner & CEO of PwC in Angola with US$12m t/o, and Consulting Senior Partner of different engagements.
Achievements include:
• Devised a strategy to strengthen loss-making PwC Angola; led a programme of business process re-engineering, office relocation and organisational structure redesign, resulting in 33% revenue growth to US$20m and US$4m profit (2011).
• Lead Consulting Partner of different engagements: Project Financing of the JV b/w Sonangol (Angola National O&G Company) & Chevron Texaco; Budget & Forecasting engagement for Unilever East & West Africa (FMCG); Risk Management & Internal Control over Financial Reporting engagement for CUCA - Companhia União de Cervejas (Angola Brewery) (F&B); Strategic Planning for Ruff 'n' Tumble (Nigerian Clothing & Retailing); Cash Management & Collections Improvement and Contracts Valuation for Desimone Group (Ghana Construction); etc.
Consulting / Audit Partner in the Middle East Region with accountability for expanding and integrating the business and fees across 12 countries, whilst leading different consulting projects mainly in the energy sector.
Achievements include:
• Led growth in billed fees by 23% during tenure, whilst improving quality services and relationships with clients.
• Fostered sustainable, lucrative relationships and consulting fees with multiple clients in different sectors, including Medgulf Construction (Qatar Construction), United Gulf Construction (Kuwait Construction), Abengoa (Spanish Real State & Renewables), ADNOC (UAE Energy), TAQA (UAE Energy), Al Rashed Group (Manufacturing), Dolphin Energy, etc.
Global Relationship Partner (GRP) for Repsol (Spanish O&G) and Gas Natural (Spanish Utilities) operating. Lead Consulting Partner for different clients in the sectors of Manufacturing, Retailing, Utilities, Real State & Construction.
Achievements include:
• Instrumental in securing capital markets & corporate finance projects with Repsol & Gas Natural (Energy and Utilities) globally. Growth the accounts from zero to €0.9m average p.a.
• Lead Consulting Partner of different engagements: Takeover of Gas Natural over Iberdrola (Spanish Utility & Construction); EON (German Utility) different acquisitions in Spain and Portugal; Risk Management Assessment and Internal Control Manual for INDITEX (clothing and retailing); Internal Audit Assessment for INDITEX (Spanish Retailing); Cash Management Improvement and Procedures for Acciona (Spanish Construction); Contracts Valuation for Abengoa (Spanish Construction and Utilities), Internal Audit Outsourcing for Ferrovial (Spanish Real State & Construction), etc.
Partner in charge of consultancy & corporate finance services to public / private companies mainly in the Construction, Manufacturing & Energy sectors in Houston & Puerto Rico. Achievements include:
• Engagement Leader SOX 404 implementation and testing, developed fee income of $2m in a period of 4 years with a range of clients including Repsol in Spain (from Houston); role culminated in re-deployment to PwC- Spain as GRP for Repsol.
• Fostered sustainable relationships with major clients in the Manufacturing & Energy sectors, generating fees of approx. US$700k including Exxon, Neste Oil, Transworld Oil, Shell, Ecolectrica, Chevron, Webber, etc.
• SEC, Chapter 11 & Bankruptcy Advisor to major clients including Pride Drilling (Oil Field Services), Calpine (Utilities) & Adelphia (Telecommunications).
Lead Cross Border Filings & SEC Services, advising on IPOs, 144 Act Offerings, SEC registrations. Capitalised on PwC US contacts to grow the Energy and FMCG practice generating annual fees of US$1m.
As part of a high-profile working group of 7 supporting the Venezuelan Government & PDVSA (Venezuelan O&G) developed frameworks and designed profit share agreements to privatise the O&G industry and attract investment from domestic and international private sectors, resulting in the generation of US$2.1Bn bonuses
Advance Business Management Program
Bachelor Degree in Business, Accounting and Administration
