Group CFO
KFB holding Group
مجموع سنوات الخبرة :23 years, 10 أشهر
KFB Holding Group was founded by Mr. Khalid Al Boayz, a first generation entrepreneur, in 1981, the group consist of sixteen business companies leading successfully diversified industries in manufacturing, trading, Contracting, Services and Solutions in the Kingdom with more concentration to the electrical automation and manufacturing industries.
Lead the company IPO listing activities with Saudi Tadawul ( TASI)
Restructure the group setup to meet the company vision and objectives 2022.
Optimize the company resources assuring the value creation.
Develop the overall business setups, financial resources and treasury management .
Enhance the group compliances to meet the governmental programs and initiatives for the localization.
Lead the Investments initiatives and business developments plans.
Welspun Middle East Pipes Company is a joint stock company licenses under foreign investment license number 121031118992 issued by the Saudi Arabian General Investment Authority dated 4th July 2010. The Company is involved in the manufacturing of Helical Spiral Arc Welded (HSAW) pipes for the water and oil & gas industry. The Company currently has a manufacturing capacity of up to 500, 000 tons.
Lead the company IPO and listing activities with Saudi Tadawul (TASI) ensuring timely and successful initial public offering (IPO) with all needed compliance's and diligence's.
Lead the Company merger transaction and acquisition activities.
Develop the overall business projections of WME & undertake financial planning and budgeting and controlling.
Develops finance organizational strategies and structure ensuring optimal working capital/cash flows.
Analyze and recommend strategic thinking and direction; establishing functional and organizational objectives.
Determine the financial investment plan for the company that will maximize returns and identify appropriate fund raising strategies and financial instruments for the company.
Define the enterprise wide risk policies (strategic, financial, operational & compliance).
Manage statutory and internal audit for the organization and tackle all observations provided by the auditors.
Direct compliance with all Governmental programs (IKTIVA, Local Content, Transfer Price, VAT, WHT, etc.…)
Act as interface to Investor community, ensure timely investor servicing and reporting of performance & growth
Undertake tax planning for direct taxation and ensure compliance to applicable statutory norms.
For the last year I enjoyed working on providing Business and Financial Advisory to selective clients in the MENA region and mainly Saudi Arabia, I got the chance to develop and launch multi Industrial Project in the steel sector, Cooper Sector, Food & Beverage Franchise, in the water Production Industry where I played different roles in establishing these projects and covering the different development stage, some of these projects such as:
•Developing Steel flat plate mill with total value of 700 M USD in Ras alkhair.
•Developing Foundry Steel Project with Total value of 15 M USD.
•Developing Copper Powder Plant in Riyadh with total value of 60 M SR.
•Developing Canadian Fresh food restaurants chain franchise to Saudi Arabia with total of 45 stores plan over 10 years.
•Financing and Development for Boutique Hotel Chain Project in Europe with total Investment of 70 M Euros.
•Business Valuation Project for Water Company in Saudi Arabia with Market Value of 500 M SR.
•Business optimization and turnaround for Printing Company in Saudi with total sales of 200 M SR.
Solb Steel Company is a joint stock corporation with a paid up capital of 540 million SR and an in-hand project worth 2 Billion SR with a turnover of 3 Billion SR, thereby moving forward towards establishing a regional center for steel industry to manufacture steel at all industrial stages of production, targeting towards producing high quality steel billets and reinforcement steel bars in compliance with international standards of productivity for producing one million tons of billets and one Million tons of bars annually, whereas the company owns three subsidiaries to manage upstream and downstream business.
Highlights:
•Instrumental in launching various companies and covering the expansion stages within established standards and guidelines.
•Concentrating in securing the financing and funding for the long term and short term funding to meet the organization's needs.
•Successfully functioned as a Project Manager for various ERP implementations.
•Instituting policies and procedures from the scratch for smooth functioning of day-to-day activities.
•Determining guidelines for various departments to communicate their personnel needs to HR, thus interviewing and recruiting manpower most suited to the organization’s requirements.
•Played a pivotal role in establishing joint venture among shareholders to manage the subsidiaries and upstream/ downstream businesses.
Key Responsibilities:
•Monthly financial and operating statements, appropriate short-term/ long-range business plans in quarterly and annual basis, Budget, Financial forecast, financial stability, liquidity and growth on the basis of wide organizational goals and objectives.
•Legal requirements and government reporting regulations, company’s commercial affairs and contractual agreement.
•Lead the SAP implementation team to accomplish Solb Steel high-level automation requirements.
•Formulating and establishing joint venture among shareholders to direct the subsidiaries and upstream/ downstream businesses.
•Overseeing performance against plans, seeking resolution of variances to ensure effective cost control and optimizing achievement of approved targets.
•Administering and supervising the company exposures against FX assets lose by means of diverse Hedging deal structures, thus maneuvering receipt, disbursement and expenditures of money and other capital assets for better work flow.
•Instrumental in safeguarding the company finance from the financing institutions including banks and SIDF, consequently securing financing strategies to achieve short and long term goals and objectives of the company.
•Spearheading the development and implementation of accounting policies, systems, procedures and guidelines to ensure smooth cash flow, streamlining budgets, establishing stringent time frames and guidelines.
Azadea Jordan is a company with a turnover of 50 Million USD possessing around 25 stores in Jordan. Azadea group is amongst the fastest growing retail groups carrying out a strong franchise portfolio of over 45 diverse brands featuring some of the industry's fashion, multimedia, entertainment and F&B products. The most renowned names include Zara, Massimo Dutti, Mango, Virgin Mega store. Azadea Group headquarters are based in Beirut, Lebanon with a network of local offices backing its operations in the Middle East and Europe, thus currently operating in 400 strategically located stores pan Middle East and are planning to establish over 500 additional shops’ in the 3 upcoming years.
Key Responsibilities:
•Identified, formulated and executed finance and accounting policies/ procedures in accordance with corporate finance strategy.
•Rendered requisite high level, strategic consultative recommendations to other business area senior managers to make them aware of cost saving and efficiency opportunities.
•Maintained effective relationships with various Azadea departments and senior business management, along with external agencies and service providers to recognize constant business activities and the impact on the financial management, thereby promoted a positive image of the company aligned with the company vision and mission.
•Regularly attended business planning and decision making meetings to effectively interact within the organization and provided financial/ accounting contribution enabling smooth finalization of accounts.
•Administered the production of key financial statements for Azadea according to established schedules, thus complying with statutory reporting requirements in business areas.
•Fostered clear channels of communication with external bodies and representatives including regulatory authorities, external auditors and group company representatives whenever necessary.
•Assembled data and drafted the group company’s consolidated reports to ascertain the provision of reliable financial data to assist the Senior Business Management decision making.
•Directed foreign exchange hedging to reduce the company exposure to foreign currencies to safeguard the company against foreign exchange losses.
The Sonova Group, headquartered in Switzerland, is the leading manufacturer of innovative hearing care solutions. Through its business brands Phonak, Unitron, Advanced Bionics and Connect Hearing among others Sonova offers one of the most comprehensive product portfolios in the industry - from hearing aids to cochlear implants to wireless communication solutions.
Key Responsibilities:
•Devised and implemented financial policies, systems and procedures to enhance the company’s financial sustainability and growth.
•Closely monitored the maintenance of accounts in accordance with international accounting standards and requirements, along with Sonova Holding AG internal policies and procedures.
•Directed and supervised the preparation of budget and financial forecasts, thus conducted variance analysis and recommended appropriate measures to aid corrective actions.
•Assumed responsibility for verifying and signing documents, thereby carried out capital monetary transaction in accordance with organizational policies and procedures.
•Managed the reporting and consolidations in close coordination with Group Frango Controller (Cognos Controller), hence responsible for updating and altering the Navision ERP system models as and when required in the company for facilitating smooth working processes.
•Streamlined and controlled budgeting process, ensured its timeliness, accuracy and consistency, hence analyzed variances and suggested corrective actions.
Fawaz Al-Hokair Group in Saudi Arabia is recognized and highly esteemed as one the largest fashion retailers in the Middle East with more than 450 outlets and 42 international brands. The group has 3 primary operations including Retailing, Government Contracting and Real Estate a fashion brands encompassing Marks & Spenser, Indetix Group, Arcadia Group, Alexon Brands, La Senza, Promod, THE ONE and others.
Key Responsibilities:
•Provided leadership and direction to accounting departments for future development, hence developed and applied fiscal controls and procedures within the accounting department ascertaining better work flow.
•Accountable for imposing accounting set ups to settle in with the ERP system for retail group S.A.R in Lebanon along with Al Waheedah company (Inditex Brands) in Saudi Arabia for THE ONE company Saudi Arabia.
•Instrumental in devising various systems to perform accounting fields and facilitated accounting setups and implementation with IT programmers.
•Efficiently implemented group setup for adapting to ERP system, thereby established the Chart of Account and cost centers in the company.
•Reviewed and devised monthly financial, income statements, balance sheets, internal audit, cash flow projections and principal profit and loss to reduce cost and budget compliance.
•Ensured financial recording accuracy and compliance with established accounting standards, internal controls and applicable laws and regulations.
•Drafted and analyzed weekly/ monthly financial statements, along with various accounting reports and forwarding it to the upper management for further corrective measures.
Master of Business Administration
Bachelor Degree in Business Administration major in Accounting.