Ahmed Ragab

• Established the company’s financial function from the ground up, including policies, procedures, and internal control framework.
• Led company-wide ERP (LOGIX) implementation; standardized posting, coding structures, and reporting packs across functions.
• Created the first cost unit and service-level profitability model; enabled structured cost tracking and pricing decisions.
• Authored feasibility reports supporting capital increase to SAR 13.5M; contributed to long-term financial sustainability.
• Designed budgeting models (OPEX/CAPEX) aligned to business plans; improved forecast accuracy and management visibility.
• Developed documentation workflows and audit trails, elevating audit preparedness and compliance with IFRS/IAS.
• Implemented proactive cash flow forecasting and short-term funding strategies to maintain healthy liquidity.
• Automated monthly close and management reporting to accelerate departmental decision-making.

• Ensured GL accuracy; led AP/AR reconciliations and payroll within ERP environment.
• Prepared month-end close and financial statements; filed quarterly VAT per ZATCA requirements.
• Maintained transactional integrity through daily posting on Dynamics AX 2012.

• Designed a tailored chart of accounts aligned with the valuation business model and revenue recognition patterns.
• Controlled POS cash receipts, supplier payments, and payroll cycles with reconciliations and variance tracking.
• Led monthly trial balance reviews and statutory financial reporting.

• Oversaw financial operations for four distinct business divisions:
a. Medical Division,
b. Operation and Maintenance Division,
c. TBS - Technical Building Services,
d. Seder Travel.
•• Reviewed contract terms; validated invoice flows and milestone-based payments; ensured accurate accruals and provisions.
• Managed fixed asset lifecycle (acquisitions, capitalization, depreciation) and GL mapping for multi-entity operations.
• Monitored divisional trial balances and contract-driven reconciliations; improved compliance and reporting quality.

Responsible for:
- Ensure timely payments of invoices, expenses and correct allocations
- Preparing payment runs (cheques)
- Communicate with vendors regarding discrepancies and payment.
- Prepare analyses of accounts and producing monthly reports
- Verify vendor accounts by reconciling monthly statements and related transactions
- Regular reporting and analysis to key senior managers
- Processing of staff expenses
- Post transactions to appropriate journals, ledgers, and other records
- Scanning of Vouchers and keeping file of all related documents
- Maintain accurate records and control reports.