Fawaz Alfaez

• Restructuring the Finance department and separating the Reporting and budgeting from cost control, increasing efficiency in processes, controls, and reporting.
• Enhancing monthly close efficiency and cost center allocation accuracy, delivering more transparent and up-to date financial reports.
• Supported executive management in evaluating strategic expansion into selected regions across the Kingdom and recommending the closure of underperforming branches based on expected returns.
• Conducted a business and asset valuation, and assessed strategic options based on the companys full valuation.
• Presenting annual financial reports to the Board and annual budget discussions, supporting strategic decision making.
• Rebuilt the annual budget to reflect sales needs, production capability, raw material costs, seasonal demand,
and capital expansions, leading to a more realistic budget, improved margins, and stronger cost control.
• Developed monthly strategy plans with Sales team to come up with the best optimization of high margin SKUs and high inventory turnover.
• Working with production and procurement team for in-depth analysis in production procedures and material
formation and sourcing resulted in cost reduction and flexibility in changing between production formulas based on prices and credit terms from vendors.
• Collaborated with the warehouse department to enhance reporting, delivering clear visibility on fast- and slow
moving inventory.
• Maintained steady cash flow during high and low season thought the year.
• Managing outsourced services for tax, auditing, banking, investments and others.
• Oversee the implementation of a new ERP system (Dynamics 365).

• Joined as part of a management transformation initiative to prepare the business for a long-term plan toward
becoming a listed company.
• Played a key role in transitioning the business to an LLC structure and establishing corporate governance,
policies, and approval authorities.
• Developed the existing accounting department into a full finance department, covering treasury, financial
reporting, budgeting, cost control, in addition to accounting operations.
• Worked with other departments to enhance and govern internal processes, strengthening coordination and
efficiency in preparation for ERP implementation.
• Improved the efficiency and accuracy of financial reporting, while reviewing the financial impact of internal
changes across all departments, identifying gaps and variances, and addressing them in a timely manner.
• Drafted the budget from scratch by collecting inputs from all departments, assessing production capacity, and
forecasting the financial requirements to support the targeted sales plan.
• Presented the annual budget to the Board, securing approval for the required financial support and funding
needs.
• Secured financing facilities and structured payment schedules aligned with the companys expansion plans and
cash flow projections.
• Attended regular Board meetings, discussed ongoing expansions, and supported management with the
necessary financial reports.
• Worked closely with management to monitor and analyze all decisions related to the COVID-19 pandemic,
assessing their potential impact on sales and supply operations, evaluating financial impact, and supporting
timely and appropriate decision-making at each stage.
• Led the selection of the ERP system based on the companys needs after engaging with all departments, and
worked closely with the implementation partner to design and configure the system in line with the companys
operations.

• Partnered with management and board in assessing the companys difficult financial situation following a
decline in sales and cash flow challenges over the past two years.
• Led initiatives to liquidate slow-moving and obsolete inventory, while restructuring purchasing activities to align with current sales capacity and reduce financial pressure.
• Worked closely with banks to restructure and reschedule selected financial obligations in line with the
companys current cash flow position.
• Worked with cross-functional teams to perform a comprehensive cost review as part of budget decisions,
eliminating unnecessary expenses and strengthening cost control effectiveness.
• Worked intensively with executive management and the Board to evaluate and present multiple turnaround
scenarios, including capital injection, introduction of strategic partners, acquisition by a sister company, and
potential merger options.
• Supported the Board discussions that resulted in a decision to merge with a sister company to lower operating costs and support sales growth.
• Led the financial assessment and valuation of company assets as part of the merger process.
• Supported the full merger execution, including role definition, data transfer, and coordination of financial and
operational integration activities.
• Worked on preparing a financial budget aligned with the merger and the newly available resources.

• Analyzing financial data by collecting, monitoring, and creating financial models for decision support.
• Conducted daily analysis of sales, inventory, and production performance.
• Prepared periodic financial reports and analyses.
• Participated in the preparation of final financial statements and related reports.
• Monitored budgets and analyzed variances between actual results and planned or forecasted figures