Fadi Tabbakh

Responsible for overseeing the financial operations of the following companies within the group:
- Sak Trading and Contracting Co. (Trading and Contracting) - Annual Turnover: QR 800 million.
- Sak Security Services (System design, integration, and implementation)- Annual Turnover: QR90 million.
Key Responsibilities:
• Comprehensive Financial Management: Direct and manage all financial and accounting functions, including financial planning, budgeting processes, financial analysis and reporting, internal controls, credit control, and treasury management.
• Strategic Issue Resolution: Identify and address financial issues and functional dependencies. Enhance workflows to streamline daily operations across finance and other departments by implementing robust policies and procedures and enforcing stringent internal controls.
• Project Financing and Documentation: Prepare and organize comprehensive banking facility documentation for new projects. This includes letters of award, project profit and loss statements, cash flow projections, materials lists, vendor and subcontractor information, overhead details, project status reports, company profiles, and any other necessary documentation.
• Advanced Financial Modeling: Develop and implement sophisticated financial models using MS Excel and VBA. These models cover various financial aspects such as balance sheets, income statements, cash flow statements, financial ratios, fund statements, letters of credit, letters of guarantee, customer and subcontractor details, and cash flow projections.
• Performance and Cost Control: Collaborate with the Cost Control Manager to review project performance monthly. Analyze key metrics such as earned value, planned value, actual cost, cost variance, schedule variance, cost performance index, schedule performance index, estimated at completion, and estimated to complete. Adjust project budgets, as necessary.
• Detailed Financial Reporting: Prepare comprehensive monthly financial statements and project profitability reports. This includes financial position, income statement, changes in equity, cash flow statement, ratio analysis, capital structure, fund usage, percentage of completion (POC), and break-even analysis.
• Consolidated Financial Statements: Prepare and present consolidated financial statements for the entire group.
• Strategic Management Meetings: Participate in monthly management meetings to discuss overall company performance, project profitability, cost analysis (actual vs. estimated budget), and other pertinent reports.
• Long-term Budgeting and Planning: Develop and oversee the preparation of annual budgets and three-year business plans to ensure financial stability and growth.
• Audit Coordination: Liaise with external auditors to facilitate the issuance of audited financial statements.
• ERP System Implementation: Lead the implementation of Microsoft Dynamics ERP, including the preparation of the structure, group chart of accounts, financial dimensions, posting profile guidance, financial reports, dashboards, and other related reports.
• Productivity and Reporting Enhancement: Design and implement efficient Excel-based reports using VBA to enhance the productivity of accountants and improve control mechanisms.

Responsible for overseeing the financial operations of the following companies within the group:
- Arab Builders Trading and Contracting Co. (Contracting) - Annual Turnover: QR 350 million.
- 3D Tech Design and Decorations (Manufacturing) - Annual Turnover: QR 40 million.
Key Responsibilities:

• Team Development: Enhance the skills and capabilities of the finance department team through targeted training and professional development initiatives.
• Internal Control Implementation: Establish and enforce robust internal control policies and procedures to ensure financial integrity and compliance.
• Banking and Project Financing: Prepare and manage comprehensive banking facility documentation for new projects, including project cash flows, ongoing project lists, and project requirements, to secure financing options such as cash loans, overdrafts, discounting, letters of credit, and letters of guarantee.
• Chart of Accounts Optimization: Standardize and optimize the chart of accounts and related dimensions to meet standard classification and financial reporting requirements. Implement standardized coding for divisions and projects to improve management reporting and control.
• Monthly Financial Reporting: Prepare detailed monthly financial statements and project profitability reports, including financial position, income statements, changes in equity, cash flow statements, ratio analysis, percentage of completion, and break-even analysis.
• Project Performance Review: Collaborate with the Cost Control Manager to review and analyze project performance metrics such as earned value, planned value, actual cost, cost variance, schedule variance, cost performance index, schedule performance index, estimate to complete, and estimate at completion. Revise project budgets as needed monthly.
• Audit Coordination: Coordinate with external auditors, including Ernst & Young and Deloitte, to ensure the timely issuance of audited financial statements.
• Cash Flow Projections: Develop and maintain detailed cash flow projections to support financial planning and decision-making.
• Budgeting and Strategic Planning: Lead the preparation of annual budgets and three-year business plans, aligning financial goals with organizational objectives.
• Board Reporting: Prepare and present quarterly reports to the Board of Directors, covering key areas such as: Actual vs. estimated budget performance, financial statements (balance sheet, income statement, cash flow, financial performance index, Accounts receivable aging, Cash flow projections, Forecast vs. budget analysis, Business analysis (KPIs, competitors, capabilities, backlog, and new projects)
• ERP Implementation: Lead the implementation of Microsoft Dynamics ERP, including structure preparation, group chart of accounts, financial dimensions, posting profiles guidance, financial reports, dashboards, and other related components to enhance financial management and reporting capabilities.

Responsible for overseeing the financial operations of the following companies within the group:
- United International: Construction and Trading (Sanitary, Ceramic, Tiles, Formwork, and Scaffolding). Annual Turnover: 65 million
- United FM: Facility Management (Soft Services - Cleaning, Hospitality, Events, Pest Control, CCTV; Hard Services - Testing, Commissioning, Air Conditioning Maintenance) - Annual Turnover: QR 95 million.
- Al Jazira Security Services: Security Services - Turnover: QR 60 million annually
- Doha Craft Construction: Annual Turnover: QR 40 million.
- Qatar Pearl Hospitality: Annual Turnover: QR 10 million.
- Other Small Companies.
Key Responsibilities:
• Financial Management and Reporting: Unify and develop bank and cash control Excel files for daily reports, supervising banking activities (fund statements, letters of guarantee, letters of credit, short-term loans, and bill discounting), and prepare and organize banking facility documentation for new projects. Prepare consolidated financial statements and conduct comprehensive financial analyses for all companies within the group. Develop and manage annual budgets for each company within the group. Create detailed cash flow projections to support financial planning and decision-making.
• Cost Analysis and Control: Conduct thorough cost analyses, including selling, general, and administrative (SG&A) analyses, overhead reviews, and budget vs. actual monitoring. Optimize financial performance by implementing effective cost control measures and identifying areas for cost reduction.
• Operational Enhancement: Enhance the operations of other departments by supervising their financial performance. Establish and maintain strong relationships with all senior managers to identify their needs and provide comprehensive business solutions. Direct and supervise all aspects of finance and accounting functions across the companies.
• Strategic Leadership: Attend meetings with the board of directors to highlight significant issues and present multiple solutions for each concern. Develop and implement financial strategies (Capital budgeting:, Cash flow management, Cost analysis and Funding strategies ) to support the overall business objectives of the group. Provide strategic financial insights and recommendations to senior management to drive business growth and profitability.
• Regulatory Compliance and Risk Management: Ensure compliance with financial regulations and standards. Oversee risk management activities, including the identification and mitigation of financial risks.
• Team Development and Leadership: Lead and develop the finance team to ensure high performance and professional growth. Foster a culture of continuous improvement and accountability within the finance department.
• ERP System Implementation and Optimization: Lead the implementation and optimization of ERP systems to enhance financial management and reporting capabilities. Ensure accurate and timely financial reporting through the ERP system.
• Owner Communication: Maintain effective communication with the owners to provide updates on financial performance, strategic initiatives, and other relevant matters and represent the finance department in internal meetings and presentations, ensuring alignment with the owners' objectives and expectations.

Responsibilities included overseeing financial operations for the following companies within the group:
- AMAR Construction | 2011 - 2016 - Annual Turnover: QR 300 million.
- The Maintainers (Facility Management Services) | 2011 - 2014 - Annual Turnover: QR 120 million.
- Al Maddad Al Qatariah (Trading Company) | 2012 - 2013 - Annual Turnover: QR 30 million.

Key Responsibilities:

• ERP Implementation: Successfully implemented Microsoft Dynamics AX to streamline financial processes. Trained finance department staff on the new ERP system to enhance productivity and accuracy.
• Policy and Procedure Development: Developed comprehensive policies and procedures for the Finance Department.
• Internal Control Enhancement: Identified weaknesses in existing internal control procedures for revenue and cost allocation. Supported other departments to enhance and develop their policies to ensure accurate cost allocation in monthly financial statements.
• Cost Reduction Support: Assisted management with cost reduction initiatives, including SG&A analysis, overhead review, and comparing estimated budgets with actual expenditures to determine the Break-Even Point.
• Bank Facility Arrangements: Prepared and managed documents for new project bank facilities, including Project Cash Flows, Projects on Hand lists, and Project Requirements to secure Cash Loans, Overdrafts, Discounting, Letters of Credit, and Letters of Guarantee in line with project needs.
• Daily Management Reports: Generated daily management reports detailing cash and bank facilities status.
• Financial Statement Preparation: Prepared comprehensive financial statements, including Balance Sheets, Income Statements, Percentage of Completion Schedules, Changes in Equity, and Statements of Cash Flows, along with related notes.
• External Audits: Coordinated with external auditors (KPMG, Deloitte, and Grant Thornton) to issue audited financial statements.
• Cash Flow Projections: Developed monthly cash flow projections to ensure adequate liquidity.
• Annual Budgeting and Strategic Planning: Prepared the annual corporate budget, ensuring alignment with strategic goals. Contributed to long-term strategic planning and financial forecasting to support business growth and sustainability.
• Subsidiary Support: Assisted subsidiaries in issuing their financial statements, comparing actual results with budget estimates, and preparing related reports.
• Risk Management: Developed and implemented comprehensive risk management strategies to mitigate financial risks associated with unforeseen bidding costs. This included conducting thorough risk assessments, establishing contingency plans, and closely monitoring project budgets to ensure financial stability and minimize potential losses.
• Board Meetings: Participated in Board of Directors meetings to analyze and discuss company performance and business strategies.
• Excel and VBA Development: Created advanced Excel files with Visual Basic for Applications (VBA) to improve Finance Department efficiency. This included tools for monitoring subcontractor progress, payroll systems, staff benefits accrual, fixed assets and depreciation tracking, overhead distribution, and cash expense reimbursement with direct cost and general ledger code allocation.

Responsibilities included overseeing financial operations for the following subsidiaries:
- Afrina Trading & Construction Co. | 2006 - 2011 | Annual Turnover: QR 250 million.
- Lifestyle Homes and Properties (Real Estate) | 2006 - 2008 | Annual Turnover: QR 40 million.
- Afrina Power International (Electrical Works Contracting) | 2009 - 2011 | Annual Turnover: QR 60 million.
- Internal Auditor for Afrina-CBM (Integrated Facilities Management) | 2009 - 2011| Annual Turnover: QR 10 million.
Key Responsibilities:
• ERP Implementation and Training: Successfully implemented Sage Timberline and Sage 300 Construction and Real Estate systems. Trained finance department staff on the new ERP systems to enhance productivity and accuracy.
• Chart of Accounts Creation: Developed a comprehensive chart of accounts and integrated it with other modules, including payroll, job cost, cost codes, accounts receivable, accounts payable, contract management, and general ledger.
• Financial Policies and Procedures: Established and implemented financial policies and procedures to streamline operations between the finance department and other departments.
• Daily Reports: Prepared and presented daily cash status reports along with other critical financial reports, including Letters of Credit, Letters of Guarantee, and Bank Facilities.
• Cost Control Coordination: Collaborated with the Cost Control Manager to review project performance reports and oversee cost control measures.
• Monthly Financial Statements Preparation and Reporting: Prepared monthly financial statements, including the Balance Sheet, Income Statement, Statement of Cash Flows, and Changes in Equity, along with related notes. Generated and presented detailed financial reports and dashboards for executive management, providing insights into financial performance and key metrics.
• External Audits: Coordinated with assigned external auditors (Deloitte) to issue audited financial statements.
• Cash Flow Projections: Developed monthly cash flow projections to ensure adequate liquidity.
• Board Meetings: Attended Board of Directors meetings to address significant issues, presenting multiple solutions for each concern.
• Annual Budget Preparation: Prepared the annual budget and ensuring alignment with strategic goals and financial planning.

(Signage Manufacturing, Industrial Telecommunications and Steel Structures)

Key Responsibilities:
• Supervising Banking Facilities: Managed both general and project-specific financing, overseeing the issuance of import documentary credits, bank letters of guarantee, invoice discounting, and short-term loan documentation.
• Budget Preparation Assistance: Contributed to strategic financial planning by assisting in the preparation of estimated budgets.
• Financial Reporting: Played a pivotal role in preparing Financial Statements for Electro Industries and its affiliate, Al Salam Industrial and Trading Est., ensuring accuracy and compliance with regulatory standards.
• External Audit Coordination: Collaborated closely with external auditors to provide in-depth analysis reports for specific general ledger accounts, supporting audit processes and financial transparency.
• ERP Implementation: Actively participated in ERP Microsoft Great Plains - Implementation Teams, facilitating the seamless integration of financial systems to enhance operational efficiency and data management.

(Pharmaceutical Industry)

Responsibilities

• Implementing new accounting systems and chart of accounts.
• Overseeing general ledgers and inventories, including raw materials, work in progress, and finished goods.
• Managing payroll, wages, accounts receivable, and accounts payable.
• Preparing detailed analysis reports on cost of goods manufactured, cost of goods sold, and monthly sales.
• Conducting break-even point analysis for each division.
• Designing and generating financial reports such as financial statements, sales analysis, and cost of goods sold.
• Establishing internal control measures to ensure accuracy and reliability of financial information.
• Collaborating with auditors to facilitate audits and address findings.
• Identifying opportunities for process improvement and implementing initiatives.
• Leading and developing the accounting team, fostering a culture of excellence and collaboration.

Responsibilities

• Supervised bank transactions, treasury operations, gold loans, and bank reconciliations, ensuring accuracy and compliance with financial regulations.
• Collaborated with the CFO to prepare comprehensive financial statements, including detailed analyses and notes for the balance sheet, income statement, cash flow statement, and financial ratios.
• Streamlined the preparation of daily sales reports by efficiently collecting and consolidating data from branches in Dubai, Dammam, Riyadh, and Jeddah, enhancing the accuracy of sales tracking and reporting.

Responsibilities

• Preparation of companies audited financial statements and related income tax return documents.