Chief Financial Officer
SWVL
Total years of experience :9 years, 7 Months
Currently working as a CFO at SWVL, where I am responsible for overseeing all financial operations and providing strategic leadership.
• Transformed Operating Cashflows, achieving a remarkable 103% growth, turning a negative $76.8M to a positive $2.2M.
• Pioneered SWVLs first net profits of $2. 1M, marking a significant 101% growth from a previous loss of $161.6M. Implemented efficient operational mechanisms and focused on effective spending and operational margin enhancement.
• Spearheaded financial strategy resulting in a 447% growth in share price, escalating from $1. 14 in April 2023 to $5. 14 as of Feb 15th, 2024.
• Directed financial, legal, and compliance functions across diverse regions, including UAE, Egypt, Kenya, Pakistan, Mexico, and KSA.
• Successfully negotiated with SWVL creditors, settling old liabilities at an 85% waiver, saving the company $19M and enhancing the working capital position.
Previously worked as the Head of Finance at SWVL, where I was responsible for managing all financial aspects of the company.
• Managed financial planning, analysis, and reporting.
• Developed and implemented financial policies and procedures.
• Provided financial insights and recommendations to senior management.
• Collaborated with cross-functional teams to optimize financial performance.
• Ensured compliance with accounting standards and regulations.
• Setup financial processes and make sure that its complaint with the Sarbanes-Oaxely Act.
• Regained compliance with statutory reporting requirments and Issued delayed financial statements of 3 financial periods prior to my joinning date.
• Implemented accounting software for reporting and bookkeeping increasing data accuracy and saving almost 50% of employees worktime.
• Implemented automated approval workflows for Procure to Pay which created seamless process for business requests.
• Planning Audits: Planning audit engagements, including assessing risks, determining audit objectives, and developing audit strategies.
• Executing Audits: Conduct fieldwork, perform audit procedures, and gather evidence to assess the accuracy of financial statements and compliance with relevant accounting standards and regulations.
• Supervising Staff: Supervise and review the work of junior staff members, providing guidance and feedback to ensure audit procedures are performed effectively and efficiently.
• Communicating with Clients: Interaction with clients to gather information, discuss audit findings, and address any questions or concerns they may have regarding the audit process.
• Preparing Audit Reports: Drafting audit reports that summarize findings, conclusions, and recommendations for management and stakeholders.
• Assisting in Training and Development: Was part of PWC Academy giving training for joiners up to 4 years of expeirence, accounting and auditing courses.
• Digital accelerator program: Was part of the starting team for Digital transformation in Egypt and other GCC countries, transforming the traditional ways of auditing and reporting. Worked on multiple projects for internal and external stakeholders.