CFO / Vice president finance
Oued Chbika Development Subsidiary of Orascom Development Holding
Total des années d'expérience :25 years, 6 Mois
CFO/Board Director with proven success,
leading and directing finance and operations for one Euro billion international business units.
Demonstrated ability to provide vision, focus, and execution to achieve success in start-up, high growth and turnaround operations.
Has a comprehensive knowledge and experience of all financial/management elements including business evaluation, merger and acquisition.
Has a deep understanding and practice experience of Financial and managerial Reporting including IFRS as well as other GAAP, treasury management and tax management.
Responsibilities
• Directing and co-managed the startup and launch of a Greenfield investment of one billion Euro to build and manage a town of 2000 Real estate units, 8 Hotels, Marina, Golf course and related infrastructure.
• Identifying new business/ investment opportunities; preparing related feasibility studies, business plan and financial statements.
• Guiding, leading and developing a team of 20 employees, setting their objectives with clear associated measures.
• Co-managing multiple administrative tasks through an official MD power of attorney, tasks include HR activities, procurement, receivables management and signing sales contracts…
• Managing treasury ad funds from Bank Finances, shareholders, clients’ advances and suppliers’ payables through various financial instruments & derivatives.
Key Achievements:
• Engineered a merger with development banks and raised a fund worth 120M Euros needed to launch the construction of 3 Hotels in a green field project.
• Developed & implemented an integrated costing and internal control system for the startup of construction site that covers production units, support and facilities.
• Developed and automated for our startup business in Morocco an exceptionally complex reporting system that served a group of stakeholders including 3 main shareholders located in three different countries with varied reporting standards.
• Obtained a total exemptions of 20 Million Dirhams as a result of an extensive tax law searches & studies.
Al Anwa Holding 06/2007 - 12/2009 Egypt / Saudi Arabia
Saudi Egyptian Touristic Development Co.
(Owners of Grand Hyatt Cairo and Sheraton Hurghada)
Chief Financial Officer AND BOARD MEMBER
Developed a financial data base and new reporting system that worked as a foundation for determining past financial performance and future projections.
Al Anwa Holding 12/2000 - 06/2007 Morocco
Beladi, Morocco.
Real estate Development, Morocco (Casablanca, Marrakech and Al Jadidia)
Evaluated and sold Al Anwa business in Morocco with 100 % increase in Goodwill and 30% increase in the total price versus set target and top management expectations.
Increased the profitability of real state projects from 15% to 35% due to the optimization of cost, control over all tenders, and the strong cash flow management in order to maintain the optimum leverage ratio to our capacity of constructions and sales
Ernst & Young Kuwait and Egypt
Audit of high profile clients ( banks/ Construction /investment/ pharmaceutical)
Audit of High profile companies ( Real estate and industry )
May 93 - May 97: B.Sc. in Commerce Accounting Major - French section (Département de Gestion et de Commerce International.), Faculty of Commerce, Ain Shams University in association with la Fondation Nationale pour L'Enseignement de la Gestion des Entreprises (FNEGE) et l'IAE de Paris (Université panthénon-Sorbonne)
June 1993: Scientific Baccalaureate from Collège De La Salle (Les Frères)