أحمد إسماعيل

The group is a growing diversified business in Saudi Arabia, operating across car rental, real estate development and marketing, building inspection and quality services, and general trading.

• Riyadh Cement - Listed Company (Tadawul):
A leading player in the mining sector, producing grey and white cement.

• Key Responsibilities:
- Manage financial & accounting operations, closings, audits, tax, & financial reporting.

- Prepare monthly, quarterly, and annual financial statements per IFRS and CMA regulations.

- Develop financial SOPs, policies, and process improvements.

- Support budgeting, forecasting, and performance reporting for senior leadership.

- Review treasury, payments, collections, investments, and ZATCA compliance (VAT, WHT, Zakat).

- Ensure mining concession compliance with Ministry of Industry and Mineral Resources.

- Collaborate with auditors (PwC, EY), ZATCA, consultants, and cross-functional teams.

• Key Achievements:
- Participated in securing 27M SAR refund from ZATCA for withholding tax disputes.

- Achieved 215% of 2024 KPI targets, exceeding expectations.

- Reduced the time of monthly financial closing by 90%, surpassing the planned target.

- Enhanced quarterly & year-end close processes by 25%, ensuring financial statements and audit requirement completion with the highest quality standards.

- Managed clean audits for 2024 (PwC) and Q1&Q2-2025 (EY), meeting CMA deadlines.

- Finalized 2024 Zakat return and Transfer Pricing audits per new regulations.

- Led companys first Local Content Certificate issuance with high valuation.

- Cut periodic return preparation time (VAT, WHT, Mining) by 70%, ensuring
timely compliance.

- Completed 100% of the Finance & Accounting SOPs, ensuring optimized workflows and clear governance.

- Drove People & Growth objectives, enhancing team efficiency and expanding expertise by 150%, above expectations.

- Realized savings of 1.3 million SAR within 8 months of joining, through effective cost optimization and financial controls.

- Contributed to the enhancement of SAP S/4HANA Cloud ERP, Finance Modules, and E-Invoicing Integration with ZATCA, as well as the implementation of SAP SuccessFactors.

• Alsaggaf Company:
A leading company in sanitary ware and plumbing tools across KSA, and is working also in scrap trading & exporting, real estate, and foreign investments & ventures in UAE, Lebanon, & China.

• Key Responsibilities:
- Directed finance operations, treasury, credit, financial planning & analysis, financial reporting, zakat, tax, and compliance.

- Partnered with Executive Management and the Board in financial strategy, cost optimization, and growth initiatives.

- Proactively managed risks, and optimized working capital and cash flow to ensure financial agility and efficiency.

- Developed necessary financial policies, procedures, & internal controls to support sound financial management.

- Oversaw foreign investments in UAE, Lebanon, and China trade partnerships, ensuring alignment with corporate goals.

• Key Achievements:
- Improved Cash Conversion Cycle by 32% and built cash reserves, strengthening liquidity.

- Achieved significant cost savings and reduced overhead & operational costs, boosting efficiency.

- Enhanced sales mix profitability by focusing on high-margin products/customers.

- Aligned sales incentives with financial KPIs, enhancing performance & outcomes.

- Reduced Days Sales Outstanding (DSO) by 34% through KPI-driven credit management.

- Cut Days Inventory Outstanding (DIO) by 26% via via demand planning, inventory analysis, & refined purchasing controls.

- Cleared obsolete inventory, improving warehouse efficiency.

- Extended Days Payable Outstanding (DPO) via supplier negotiations, improving cash flow.

- Accelerated annual financial closing processes, reducing cycle time by over 50% while ensuring quality & accuracy.

- Implemented a monthly financial reporting package, automating complex reports to improve speed & efficiency.

- Secured clean audits from Moore CPAs, ensuring compliance.

- Managed VAT audits with ZATCA, achieving zero penalties.

- Increased tangible assets by 90% via strategic real estate acquisitions.

• Jana Investment Holding Group:
The group includes (12) subsidiary companies in: Automotive, Car Rental, Car Maintenance, Medical Supplies, Marble and Granite, Electrical and Electronic Devices, General Trading, Contracting, Textile, Aluminum Recycling, & Commercial Services.

• Key Responsibilities:
- Led strategic financial functions across group companies including planning, budgeting, accounting, reporting, and analysis.

- Optimized group-wide liquidity, working capital, and capital structure to strengthen financial stability and flexibility.

- Provided financial insights, and advised on market trends, opportunities, and expansion to catalyze business growth.

- Fostered effective relationships with External Auditors, ZATCA, Financing Bodies, Suppliers, and Consulting Firms.

- Oversaw mergers and acquisitions (M&A) activities, including target evaluation, due diligence, risk analysis, post-acquisition integration, and synergy realization.

• Key Achievements:
- Restructured group capital/equity and consolidated subsidiaries into a unified closed joint-stock holding company, enhancing scalability for future IPO goal.

- Secured MODON and SIDF approvals for the aluminum recycling plant in Sudair.

- Revamped organizational structures to align with strategic goals and operational integration.

- Implemented financial controls for transparency, compliance, and risk management.

- Enhanced cash flow via treasury, credit, and forecasting strategies.

- Drove revenue growth through optimized pricing, products diversification, market expansion, and VAT-efficient exports.

- Launched agile COVID-19 response plans, boosting growth in medical, textile, and car rental sectors.

- Reduced fleet insurance costs by 30% with enhanced policy terms, and achieved major rent savings with better locations.

- Finalized clean annual external audits, and managed ZATCA audits with zero penalties.

- Led ERP system implementation and enhanced supporting and operational systems.

• Bin Sammar Trading and Contracting Company:
One of the biggest and oldest conglomerates in KSA (12, 000+ employees), with diversified business sectors, including: Contracting, Construction, Facilities Management, Operation and Maintenance, Ready Mix Concrete, Trading, Medical Clinics, Furnished Apartments, Events Halls, TV Channel, Logistics & Transportation, GPS Tracking, & Real Estate.

• Key Responsibilities & Achievements:
- Audited the financial transactions, closings, reports, and controls, ensuring accuracy and policies compliance.

- Conducted loss prevention investigations. Detected discrepancies, in addition to determining and analyzing the root causes.

- Delivered audit reports with analytical reviews and recommendations for corrective actions of identified gaps and deficiencies.

- Provided improvements to business processes, financial performance, risk assessments, cost efficiency, and internal controls based on audit findings and reports.

- Saved over 30M SAR through financial audits and loss prevention procedures by identifying misallocated charges and ensuring accurate reallocation to suppliers, subcontractors, customers, and other concerned parties for proper recovery.

- Prepared financial analytical reports, performed in-depth analysis of data and ratios, and suggested actions to management.

- Evaluated company financial status and operational projects by comparing and analyzing plans and actual results.

- Acted as interim Financial Controller in 2011. Managed accounting team in year-end closing, prepared audited financial statements for all group companies with clean audit reports, and administered the ERP and its improvements.

- Successfully reduced pre-2011 disputed Zakat assessments from 10M SAR to 850K SAR through documented objections and diligent re-audits, ultimately securing the final Zakat certificate.

- Collaborated with KPMG and other consulting firms on the successful transformation of the company into a Closed Joint-Stock Company, developing policies and procedures, governance frameworks, and roles & responsibilities matrix, while supporting organizational restructuring and capital raising to 500M SAR.

- Performed first-line accounting audits for daily financial transactions, in accordance with policies and procedures.

- Controlled and verified recorded entries and reconciliations. Ensuring that transactions are properly recorded.

- Matched accounts and verified their required reconciliations.

- Prepared accounting reports with notes.

- Participated in periodic & annual closing processes and financial statements preparation.

- Prepared financial transactions and recorded accounting entries, according to attachments, accounts accuracy, and signatures validity to ensure compliance with approved procedures.

- Prepared required reconciliations for company accounts with other parties to ensure accuracy of system balances.

- Analyzed accounts records and reported as per procedures and standards.

- Assisted in periodic and annual closings.