Mohammad AbdalHadi CPA FMVA

Achivements:
- Stabilized a fragmented group structure by redesigning the financial and operating governance model, centralizing finance functions across subsidiaries and reducing finance cost by 32% while restoring reporting discipline and executive visibility.
- Led the recovery from spreadsheet-driven and legacy systems to a fully integrated ERP environment, implementing Microsoft D365 F&O and Odoo, restoring transaction integrity, auditability, and management control across finance, operations, contracts, and HR.
- Built the group’s financial control and reporting framework from the ground up, enabling structured quarterly closes, variance analysis, and early-warning signals mechanisms.
- Rebuilt authority, delegation, and approval matrices starting with the KSA subsidiary and rolling them out group-wide, restoring decision clarity and eliminating unauthorized commitments and control failures that exposed the organization to contractual, operational, and financial risk.
- Led the on-ground rebuilding of the KSA subsidiary as a pilot turnaround, restoring governance, controls, and operating discipline, and using the stabilized entity as a blueprint to restructure and realign the rest of the group.
- Acted as a core executive partner to the "Chairman and CEO" in evaluating distressed operations, restructuring priorities, and capital deployment decisions across the group.

Achievements:
- Held full P&L and cash flow responsibility for a $225M investment holding overseeing 16 subsidiaries and 200+ employees, with accountability for enterprise performance, liquidity protection, and asset-value preservation.
- Served as Acting CEO during a critical transition period for 3 years, assuming full executive control over group operations, planning, governance, general assemblies, and coordination across all portfolio companies.
- Restored executive control at holding-Company level by directly managing 60+ staff, aligning administrative, finance, operations, HR, legal, and planning functions under a single decision and reporting structure.
- Built and led a 15+ finance team, including senior directors, transforming finance from fragmented record-keeping into a centralized control, treasury, and decision-support function.
- Led negotiations with government authorities to secure an extra $150M project value in existing PPP investment, stabilizing a high-risk mega touristic development project through structured obligations, governance alignment, and stakeholder confidence.
- Chaired the IPO Committee of a publicly listed subsidiary, executing a USD 10.7M capital increase with 102% oversubscription, restoring market confidence and strengthening the company’s in-house capital base.
- Executed multiple turnaround interventions, including reversing a 50% accumulated loss position in a touristic SPV by rebuilding financial controls, operational accountability, and internal governance.
- Led an emergency operational recovery of a dairy manufacturing business, increasing production from 8% to 25% and improving gross margin from 18% to 23% within three months, preventing further financial deterioration.
- Centralized treasury operations across the group, managing relationships with 11 banks, overseeing 110+ bank accounts, and restructuring liquidity management to protect cash flow during volatile periods.
- Held senior board and executive leadership roles across multiple subsidiaries, including Chairmanships and Vice-Chairmanships, providing governance control and strategic oversight to stabilize complex, asset-heavy and BOT-driven businesses.

• Provided leadership to the team of accounting and finance team for managing and controlling financial operations and provided management with details on the financial status of the company to drive strategic decisions.
• Monitored the performance of the Finance Department in accordance with the laws, policies and procedures manual and the International Financial Reporting Standards (IFRS).
• Developed and managed the annual budget and controlled income, cash flow and expenditure; conducted reviews and evaluations for cost-reduction opportunities and ensured smooth finalization of accounts for the annual audit.
• Collaborated with management on development and execution of funding strategies; advised/recommended management on cost-saving, profit generation opportunities, and profitability improvement.
• Rendered strategic advice to the management team on all financial matters and assisted in making commercially responsible and financially sound decisions.
• Ensured that critical financial analyses are performed to determine the present and forecasted financial health of the company; presented potential scenarios and outcomes to the senior management team.
• Oversaw the preparation of the company’s internal and external financial reports including financial statements, budget variance reports and financial performance reports for management to monitor the company’s financial status.
• Ensured financial recording accuracy and compliance with established accounting standards, internal controls, and applicable laws and regulations.

As an Audit Manager, I guided audit teams, created audit plans, and assessed internal controls and risk management efficiency. My responsibilities included working closely with clients, and presenting insights and audit conclusions to BODs. My role demands strong leadership, sharp analytical abilities, and meticulous attention to detail.

Responsibilities:
• Led audit assignments for clients across diverse sectors including planning, execution & finalization to ensure compliance in financial and operational areas.
• Provided professional services in Muscat, Dubai, Sharjah, Sana’a and Khartoum offices in the ME, and Amsterdam office in the Netherlands.
• Managed audit portfolio in the financial sector (Banks - Investments - Insurance) and performed quality management services over the operations of Sharjah, Sana’a and Khartoum offices.
• Provided leadership to the audit team to manage all facets of audit engagements including budgeting, planning, execution, finalization and billings; provided on-the-job coaching and training to the team.
• Planned audits, conducted meetings with clients to understand expectations, obtained a thorough understanding of the nature of their business, regulatory environment, and evaluated the effectiveness of internal controls.

Key Clientele:

• Financial Institutions:
• Bank Muscat
• Oman Housing Bank
• Arab Bank, Oman
• Oman Development Bank
• Central Bank of Oman (Investment Operations)
• Global Financial Investment Holding Group
• Manufacturing:
• Oman Clorine SAOG
• Gulf Stone Co. SAOG
• Oman Cement Co. SAOG
• Oman Chromite SAOG
• Real Estate Development:
• Muriya Tourism Development (Part of Orascom Development Holding)
• SIFA Tourism Development Co. SAOC
• Salalah Beach Tourism Co. SAOC
• Contracting & Construction:
• STFA Oman
• Khatib & Alami - Oman
• Utilities:
• Oman Power Company SAOG
• Oman Wastewater Services SAOC

• Led audit meetings, partner and heads of various departments to assess audit risk at the planning stage, determined audit approach procedures for all financial statements account balances and reviewed work of staff members.
• Examined financial and accounting records of the client, reviewed certain processes or procedures being performed, evaluated the effectiveness of internal control systems, and offered solutions relevant to business and risk.
• Analyzed operational and financial data of the client’s business to ensure efficiency, accuracy, and compliance with relevant laws and standards, as well as to find instances of accounting deficiencies and/or fraud.
• Tested and evaluated the internal control system, relating to the banks; examined, audited and reviewed the management’s financial statements for banks.
• Performed detailed review of financial statements keeping in mind the reliability and relevance; ensured that the financial statements comply with IFRS and local requirements.
• Prepared audit reports succinctly presenting audit findings, root causes and recommendations for corrective action on a monthly or yearly basis.