Ahmed Farouk Mahmoud Mohamed CMA CA

• Led the end-to-end setup of DAFTRA cloud ERP, creating the accounting chart, configuring
financial modules, and establishing all accounting system settings from scratch to support
operational readiness.
• Developed and implemented long-term financial strategies, resulting in a 90% improvement
in capital efficiency and 95% achievement of corporate financial targets within six months.
• Secured 4.5 million SAR in funding for three key projects, enabling expansion into new
logistics digital platform, acquisition of seven new vans.
• Built, mentored, and managed an efficient two-person accounting team, improving financial
reporting accuracy by 85% and reducing month-end close time by ten days.
• Implemented robust cost accounting methodologies, identifying 90 % cost savings
opportunities and enhancing project profitability by 35% for key initiatives like Naqel and
Star-link.
• Oversaw Zakat and VAT reporting and compliance, ensuring 100% adherence and
identifying 1 million SAR in tax efficiencies.

• Led financial analysis for a large-scale project (six Ministry of Education schools),
identifying potential cost overruns and recommending project termination during the
planning stage, preventing 2.5 million SAR in projected losses.
• Developed the projects chart of accounts and internal documentation cycle, establishing
robust financial controls from inception.
• Appointed Head of Finance, overseeing all significant aspects of compliance and regulation.
• Expanded the internal audit team by 100% and recommended Non-Executive Directors
(NEDs) to the internal audit committee, strengthening governance.
• Managed all VAT and Zakat-related tax matters, ensuring 95% compliance and 5.6 million
SAR in tax efficiencies.
• Oversaw the external audit process and annual financial reporting, ensuring timely and
accurate submissions.
• Ensured compliance with Saudi Arabian corporate law, including timely uploading of BOD
and audit committee annual meeting minutes.

• Leveraged CMA certification to develop a detailed cost-estimation model based on
compound mix ratios for residential and commercial projects, enabling precise material
forecasting, tighter cost control, and improved project profitability.
• Coordinated and implemented SAP ERP (SAP Business One), standardizing financial
workflows, improving data accuracy, and enhancing real-time visibility across budgeting,
procurement, and project costing.
• Established and developed a high-performing accounting department consisting of three
accountants, enhancing operational efficiency and strengthening financial governance.
• Led the development and execution of the financial strategy for a multi-subsidiary real
estate conglomerate (400 employees across Ammar Al Naqd, AddZone Interior Design, and
Tamarq for constructions), ensuring financial systems and structures supported long-term
growth and strategic priorities.
• Secured more than 17 million SAR in project financing, enabling the successful completion
of four key real estate developments and supporting 90% revenue growth.
• Directed the financial and legal setup of new entities in Dubai, Bahrain, and Oman, enabling
the groups regional expansion strategy and supporting 35% international revenue growth.

• Conducted comprehensive due diligence for investments, ensuring alignment with strategic
plans and long-term value, leading to 95% successful investment outcomes.
• Managed legal negotiations and associated work for loan transactions and acquisitions,
successfully closing deals valued at 35 million SAR.
• Created advanced valuation models, providing accurate investment insights that informed
decisions for 25 million SAR in capital allocation.
• Successfully completed agreements with several banks to obtain 35 million SAR in financing
within one year.

• Provided critical financial insights and explanations to stakeholders, supporting strategic
decision-making.
• Developed and implemented cash flow tracking, analysis, and forecasting models, improving
liquidity management by 90%.
• Identified and analyzed key performance drivers, providing actionable guidance that led to
35% operational improvements.
• Created long-term and strategic business plans.
• Conducted research and reported on macro-economic variables (e.g., exchange rates),
enabling proactive risk mitigation and 39% improved financial performance.
• Analyzed competitor activities and industry developments, informing strategic positioning.
• Identified and implemented cost-cutting opportunities, resulting in 65% reduction in
operational expenses.
• Cultivated strong external relationships with bankers, auditors, lawyers, and statutory
organizations, enhancing financial network and compliance.

• Verified adherence to internal control protocols, identifying 35% of non-compliance issues
and recommending corrective actions.
• Confirmed asset and liability accuracy through detailed reconciliations, improving financial
data integrity.
• Completed audit work sheets, documenting tests and results for 5 audits.
• Evaluated internal procedure systems, providing recommendations that improved efficiency
by 40%.
• Updated audit programs and questionnaires, and suggested new policies and procedures,
strengthening internal control systems.
• Compiled, analyzed, and summarized operational data for special audits, preparing final
reports that led to 40% process improvements.
• Ensured security of PIMS and other information systems, mitigating 40% of identified risks.
• Monitored operational procedures, ensuring 95% compliance with client contracts and
brokerage invoices.
• Verified readiness of key committees (e.g., Investment Committee), ensuring governance
effectiveness.
• Compiled and delivered audit committees final reports, facilitating informed decision
making.
• Developed a strategic plan for internal audit, enhancing audit coverage and effectiveness.
• Provided consulting services to the business, addressing 7 critical operational needs.

• Provided reasonable assurance as an external auditor for the petroleum industry (ACPA
Company), delivering opinions on financial statements for 15 clients.
• Utilized technology to develop, implement, modify, and document recordkeeping and
accounting systems, improving efficiency by 95%.
• Examined internal control systems, identifying 25% control weaknesses and recommending
improvements.

• Monitored updated accounting standards and procedures, ensuring compliance.
• Created guides and forms for accounting and bookkeeping staff, improving procedural
clarity.
• Verified invoices and payments, ensuring accuracy.
• Controlled inventory entries, reducing discrepancies by 95%.
• Ensured accuracy of payroll transactions and invoices.
• Reviewed official government records, maintaining compliance.
• Oversaw the preparation of monthly sales and billing reports, improving reporting
timeliness by 95%.
• Collaborated with team members to update journals and general ledgers.