Group CFO
MBF
Total years of experience :32 years, 5 Months
Group focus on healthcare, educational, and real estate investments.
Duties includes:
• Successfully raised of $300 Million USD to be paid back on 20 years.
• Exploring all investment opportunities, including business plans evaluations, market studies, communicating with other funds, cooperating for the sake of common opportunities.
• Allocating available funds for gaining the highest returns in industries with the minimal accepted risk.
• Communicating with different banks and financial institutions locally and worldwide for gaining the best financial facilities, including SBLC, BG, Drafts and cash finance.
• SEO for DIFC new MBF capital registration, including qualifying with all regulations needed, with road show for fund raising.
Fund Raising
Sukuk issuance and collection
Business Feasibility and evaluation
Cash flow management
Finance and accounting monitoring
Budgeting
20+ Companies in diversified fields, either owned 100% or partnering with others or sponsoring.
Duties include:
• Overall banks supervision, negotiation and Islamic credit facility enhancement.
• Contracts revision and negotiation.
• All investments opportunities evaluation, studies and appraisal.
• New projects business planning.
• Current projects supervision and follow up.
• Weekly, monthly and annual reporting to HH.
• Budgeting, forecasting and strategic planning.
Al Safa Group, UAE, KSA,
Group Finance Director, September 2011 - September 2012
Group consists of:
• Medicine distribution.
• Medical equipment.
• Chain Pharmacies
• Vet medicine and equipment.
• Beauty division.
• Monthly, quarterly and yearly budgeting & forecasting cash flow management and consolidating finance.
• Reorganize finance department according to skills and productivity.
• Companies and group budgeting analyzing, and deviation adjusting.
• Establish and implement short and long range department goals and objectives
• Banks overall negotiation, facilities and deals.
• Vendors negotiation and deals.
• Effective stock control, with monthly consumption average and reorder point.
• Investment opportunities, payment policies and collection condition and offers.
• Over all accounting management including P&L, balance sheet, cash flow statement and external auditors management.
Osus Facilities Management, Dubai, United Arab Emirates,
Finance Director, October 2008 - September 2011
BOT project with Dubai Municipality (Shopping mall & Theme park).
First phase: building Shopping mall and theme park, second phase: operating the project.
• Establish financial department & setup financial process and procedures.
• Create, coordinate, and evaluate financial programs and supporting information systems, financial control and implement Microsoft Navision ERP financial system.
• Monthly, quarterly and yearly budgeting & forecasting, audit, legal, accounting, purchasing, real estate, long range forecasting, HR and insurance activities for the organization.
• Vendors, suppliers & contractors payments terms and condition negotiation, 20% overall cost reduction.
• Development, implementation and management of keys HR processes, including recruitment, selection, rewards, benefits, training, development, talent management, employee relations and solid knowledge of the Middle East labor laws.
• Coordinate preparation of financial statements, financial reports, special analyses, ratios and information reports.
• Establish and implement short / long range departmental and company financial goals, objectives, policies, and operating procedures.
• Lead, grow and develop a strong country Finance team to ensure sound accounting and controlling policies and effective financial support to the business.
• Establish and build effective KPIs across the business
• Have full P&L responsibility of the business working with senior management and driving the business forward.
Al Falasi Diversified Group (Family Office), Dubai, United Arab Emirates
Finance Director, Group VP, May 2005 - October 2008
Construction, Real-estate, IT Security and Trade.
Group Contact point and representing of:
ThermoMur Germany (www.thermomur.de), reducing building timing by 75%, overall cost by 15 to 20%, and saving energy used for cooling or heating up to 85%.
XtraIce (www.xtraice.net), syntactic ice, used to replace normal ice rinks.
L1ID / Viisage USA (www.L1Id.com), biometric fields, Face recognition, finger print and iris scan.
RCG UK (www.rcg.tv), access control, finger print, face recognition and RFID technology,
DreamLand Egypt (www.dreamlandegypt.com)
• Provide effective leadership and direction, keeping employees motivated at various levels, enabling them to operate at optimal efficiency.
• Propose and execute funding plan to ensure Group financially equipped meeting its current and future investment needs, while maintaining smooth and uninterrupted operations in all business units.
• Evaluate new agencies and opportunities
• Developing business strategy, plans and budget in line with the Group’s vision, mission and business objectives.
• Overall deal with banks including LCs, LGs, Loans, Overdraft…etc, obtaining necessary facilities when needed.
• Submit and manage croup cash flow, analyze deviation if any, and submit accurate reports to the chairman.
DDIA, Dubai Government, at Mohamed Bin Rashid Establishment for young business leaders, Dubai, United Arab Emirates
Business Consultant (Finance & Admin), March 2002 - May 2005
• Evaluating and analyzing business plans for new projects submitted by UAE national, including full financial analyses for their cash flow and financials projection.
• Budgeting, basic finance and banking training for UAE nationals.
• Identify and advise UAE nationals for successful business opportunities, scanning the market for those opportunities through different exhibition, countries trade counselors, networking…etc.
• Submitting clear reports for directors to obtain clear decision about applicants and their capabilities and to get clear idea about projects status.
• Offer Finance, Admin and Business consultancy.
• Follow up approved projects for fund, making sure that approved business plan is being implemented with minimum possible deviation, starting from choosing location, mobilization, recruitment, marketing, promotion ending with full business operation.
• Approve funding and supervise business implementation and success for many projects.
• Analyze deviations if any, understand reasons, giving feedback for fund department to be considered in future, and solution for clients.
Arab Co. for Engineering Works, Cairomatic, Egypt - UAE - Lebanon - Lesotho / South Africa,
Regional Finance Manager, December 1991 - March 2002
Contracting, Electromechanical, Manufacturing and Water Treatment.
• Contribute in business gross from 10 employee in 1991 to 1400 employee in 2002 and from 1 Million US$ as turnover coming from one country to 150 Million US$ from 5 international branches.
• Starting new business and branches outside Egypt, open new branches in new countries including UAE, Lebanon, Lesotho / South Africa.
• Starting new deals and financial facilities with banks in new countries
• Projects budgeting and cash flow management, operating branches with almost no finance from the mother company.
• Finance and legalities consultant management, international auditors and taxes management.
• Managing all regulatory and statutory reporting and compliance in all countries, compile them in consolidating report for the chairman.
• Financials review and approve including P&L, Balance Sheet and cash flow statement.
• Feasibility studies and cash flow forecasting.
• Government, municipalities and consultant approval in new countries.
• Modern Accounting Certificate (MAC), 1995-1996, 18 courses (Subjects) – 6 semesters, 2 years, equivalent to CPA or master degree in accounting and finance.
Bachelor of commerce