احمد فاروق

09/2021-/Present:
Title: Group Chief Financial Officer
Company: KOREK Mobile Operator
Business Type & Size: Telecom - (2.4 Billion US$)
Business Place: Erbil -Kurdistan-Iraq
Reporting to: The Company CEO
Area of Responsibility: Finance

09/2017-09/2021:
Title: Group Vice President Finance
Company: Western Bainoona Group
Business Type & Size: General Contracting and Industrial - (3.4 Billion AED)
Business Place: Abu Dhabi - UAE
Reporting to: The Company Share Holders.
Area of Responsibility: Finance -HR -Admin and IT.

PROFESSIONAL MILESTONES
Group Vice President Finance, Supervising Group All Finance Activities and representing the Share Holders in Top Management and Strategic Financial and Business Decisions

Title: Group Construction Chief Financial Officer
Company: Power Holding-UCC
Business Type & Size: Holding Group (Manufacturing/Contracting/Retail/Hospitality)-(22 Billion QR yearly turnover projects)
Business Place: Qatar & GCC countries
Reporting to the Holding Group Share Holders
Area of Responsibility: Group Finance -Treasury -Investment -Merge and Acquisition and Strategic Planning Department.
PROFESSIONAL MILESTONES
2- Reversed a failing transition of external Auditors TAG to achieve group financial statements for 12 contracting companies and selected E&Y as new external auditors
3- Creation of a series of Strategic Top Management Financial Reports and Budgeting all projects along with evolution of a complete Cash Flow Module, which impacted positively on the Group Decision Making.
4- Worked on Rebuild and Unified the ERP system using new Successful implementation of ORACLE Fusion system for the construction Industry Sector.
5- Working as the Project Pilot of the Initial Public Offering (IPO) going on, assuring the readiness in cooperation with the evaluators (Deloitte) and the external IPO Leaders, consultants (EFG Hermes and GP Morgan Banks) also prepare all the internal environment financially to IPO going on for the group.
6- Supervising Building a solid Business Plan for the next Five years for the group of Companies Financially with a solid Cash Flow forecasting.

I’m reporting to the Group CFO and to the Saudi Arabia CEO. Managing Financial Departments of around 7 Billion SAR yearly turnover, in Strategic State projects.
Selected Brief Achievement:
Re issuance of the Financial Policies within the company and assure its implementation, coincide with the Local Financial Standards IFRS.
Develop new collection strategy in result a decrease of receivables by 25 % as a value and (-30 days) as a time, wish positively freed working Capital with more than 120 Million SR.
Implement a new modern financial Cost control reports and assure the increase of the Company profitability .
Rebuild the Financial Department Team, in KSA with more professional resources.

TELECEL -Central Africa)TELECEL Company (one of Vimpelcom Group) is a leader Mobile telephone Operator in Central Africa. I am reporting to the CEO, leading the financial and administrative Department.
Selected Brief Achievement:
Rebuild the Financial Department with the restructuring and penetrate the missing sections such as revenue assurance and Regulatory relation accounting sections in the Department.
Achieve a successful program for Rational decreasing the running Opex (cost) of the Company wish lead to decrease of 35 % of the overall running Cost with a very good running case of the Business.
Improve the collection system for the scratch Cards and new Bonus system for the Dealers which affect an increase of 5% overall in the EBITA (Profit).
Restructuring of the Company Capital, and the Cash Flow (re-agreement with the bank loans of new funds 2 Million US $ for financing new CAPEX) which lead of the Balance in the Equity of The Company and assure its continuity for the future.
Supervising all the Business Plan and Budgeting implementation (3+9 review, 6+6 review) and control with a very high professional way to assure the Future right track of the Company.

Regional Director of Finance for Sewedy Electric Transmission and Distribution Company and Elsewedy Cables Medium Voltage Factory in Algeria (Based in Algiers-Algeria), Reporting to the Group CEO.
Selected Brief Achievement:
1- Leading the Financial Procedures and implementing the Algerian Accounting standards for the Company besides supervising the dispatch of Accounting with the Joint Venture with other local Companies in Algeria (MAHDA- ELSEWEDY JV.
2- Implementing a good Cost Control and Pricing of the Cables manufacturing wish leaded in improve the profit by (+12%).
3- Dealing with all Monthly TAX Returns Fiscal declaration.
4- Assure of Collection of the Company Receivables (decrease the CP from 60 Day to 30 day) to achieve a very good Cash Flow Model on the ground with the daily Business process.

The Arab Contractors Equatorial Guinea LTD. (Equatorial Guinea - Center of Africa) Working in the Head Quarter of the Company:
 Chief Accounting Manager of the company in MALABO-Equatorial Guinea.
* The Arab Contractors LTD - Benin Branch - (West Africa -Benin)
Working in Benin Branch as:
 Executive Accountant & Administrative for the Branch.
 Financial Senior Accountant for Projects