Head Treasury
Arabian Cement Co.
Total years of experience :33 years, 1 Months
Manage the Treasury department at Arabian Cement Co. which is responsible for managing the Corporate Office treasury activities as well as providing shared services support to all Business Units with respect to:
Manage and monitor Cash Management Activities.
Banks & financial institutions Relations Management
Review and evaluate the different bank Facilities & Loan Management
Insurance Management
Financial Risk Management
Shareholders Relations Management
Investments & Real Estate Management
Prepare and recommend policies and procedures for treasury management and obtain the approval of the Chief Financial Officer (CFO) when necessary.
Prepare consolidated cash balances reports on a Periodic basis for the entire Company.
Determine the Company’s borrowing requirements and options
Review wording of Letters of Credit and Bank Guarantees either received from or sent to the bank and chose the best practice that suit the company needs.
Manage Hedging for foreign currencies.
Manage and develop ACC’s financial risk management program in consultation with the CFO.
Coordinate with the internal & external auditors on quarterly and yearly basis.
Communicate and discuss the department’s guidelines and procedures with employees
Conduct annual performance appraisal to review employees’ work performance.
Assist in prepare of Cash Forecast for the co.
Responsible for the total general ledger accounts and posting entries.
Reconciliation of bank accounts, balance sheet accounts and inter-company accounts.
Month-end and year-end closing of accounts
Performance of the financial analysis for the revenue and expenditures.
Prepare daily Finance and Cash positions.
Prepare daily evaluation for Investment Funds Operations of the Company
Prepare daily & Monthly report for the shares portfolio (Buying and Selling Transactions) and Profit & loss Accounts
Prepare Periodically Financial Statement.
Prepare Bank Reconciliation
Coordinate with Internal & External Auditors
Preparing of feasibility studies for the Projects presented by the Investors in order to be financing by the Bank.
Supervision& Follow of the Oil Seeds Operations Portfolio.
Prepare feasibility studies for Export Operations.
Chief of Investment Operations Section.
Prepare reports to the Investment Manager regarding the Department Investment Operations & Financing activities.
Supervision and follow up of Investment Operations & Finance transactions
Execution of Islamic Finance.
Prepare report regarding the running of investment operations
Prepare Daily, Weekly & Monthly Reconcile for the Investment Funds.
Prepare Daily Evaluation for the Units of Investment Funds
Accountant (Internal and external remittance department).
Import and export department (L/Cs department.)
Letter of Guarantees department.
International Relations & Transactions department.