ASHRAF ABDUL BARI

Lead the financial and acquisition efforts of a turnaround company, improved its financial condition and positioned it for sale, which was the critical objective of this interim position. Responsible for the treasury, public reporting, acquisitions and investor relations activities of the organization. Directed the accounting and administration staff.
• Achieved significant cost savings by driving all financing, investor relations, treasury and acquisition efforts and eliminating redundant positions.
• Attained the critical mass needed to effect the revitalization strategy by acquiring one public and one private company.
• Completed a multi-million equity financing projection and forecasting as well

• Established the Finance and control procedures for all investments.
• Cash flow responsibility.
• Feasibility study for new projects.
• Negotiated bank lines of credit and researched financing alternatives for an in-house equipment leasing program.

Tameer Holding Investment LLC, Dubai, Abu Dhabi (May2008 to May 2009)
Designation: Finance Manager
Job Profile: ➢ Responded to the depressed commodity environment by merging the financial and administrative activities of two regional subsidiaries representing assets of Dhs 1, 960 million and sales in excess of Dhs 1, 500 million per annum. Restructured the treasury, accounting, office services and information systems in three countries and the planning group for nine discrete production centers in two countries. Merged the Emirates, Jordanian financial and administrative groups with a 20 percent, achieving reduction within one year.
Ashraf H.O Abdalbari Page 2
•Worked with software developer to pinpoint and repair software problems with Company’s customized software.

•Negotiated bank lines of credit and researched financing alternatives for an in-house equipment leasing program.

• Directed the treasury functions and served as a key member of the executive team that drove revenue 18 percent in one year, in spite of a 14 percent decline in commodity prices, as illustrated in the following graph:
• Liaison with outside professionals including insurance, legal, accounting, and banking professionals.

Al Fara'a Group of Companies, Abu Dhabi (22/02/2003 to 4/12/2007)
Designation: Finance Manager
Job Profile:-Directed and coordinated the financial function and production units of the U.A.E and Qatar subsidiaries of an international concert producing with assets on three continents. Directed the subsidiaries' joint venture, acquisition and strategic planning efforts. Directed the accounting, treasury, and risk management personnel.
• Raised the subsidiaries' earnings from Dhs 8 million to Dhs 28 million, and dramatically improved the earnings to assets ratio as illustrated .
• Revised the annual budgeting process to focus on risk analysis and shareholder value concepts.
• Developed and implemented multi-variable risk analysis modeling techniques and financial metrics focusing on shareholder value concepts for the operations group.
• Resolved a highly contentious Dhs 6 million insurance claim without litigation.
• Mended a damaged relationship with a key joint venture partner, preventing otherwise certain litigation.
• Restructured an underperforming production facility, achieving cost savings of Dhs 8 million per annum.

Shattaf Group of Companies, (Contracting, Construction, Factory, Real Estate & General Trading) Sharjah (12/03/1998 to 31/01/2003)
Designation Auditor
Job Profile: ➢Coordinated the business activities for the Group Audit Manager. Completed numerous special projects relating to organizational development, acquisitions, public and internal Audit reporting and strategic planning.
• Developed, coordinated and participated in the first strategic planning efforts of the executive team.
• Restructured and simplified the internal and external Audit reporting processes.
• Authored the first environmental management program for the corporation.
• Responsible for auditing the financial reporting to sister company as well.