Nabeel Naz

Leading the group finance function, reporting to the CEO, and providing
strategic financial and governance advisory support to B.O.D.
Key Responsibilities:
• Lead group-wide financial strategy, ensuring IFRS-compliant
reporting, robust internal controls, and accurate accounting across
regional operations.
• Act as partner to the Group CEO, providing strategic guidance,
scenario analysis, and Board-level decision support.
• Oversee budgeting, forecasting, cash flow, treasury, investments,
and liquidity management, supporting growth initiatives, start-ups,
and business continuity.
• Drive product and portfolio strategy through financial oversight,
prioritizing higher-margin transformer solutions and PSS.
• Manage group consolidation, securities and regulatory compliance,
statutory reporting, and corporate and income tax strategy.
• Oversee audits, enterprise risk management, VAT compliance,
internal control frameworks (ICOFR), and corporate governance.
• Provide oversight into international market entry, including contract
review, risk assessment, finance compliance, & business alignment.
• Review business plans, contracts, capital structuring initiatives, and
strategic partnerships, providing actionable insights to support CEO
and Board decisions.
• Direct financial structuring and due diligence for joint ventures, IPO
readiness, and regional expansion initiatives.
• Direct the rollout of multi-nation finance strategy and support
regional organizational structuring, enabling scalable reporting,
harmonized processes, and standardized controls across GCC.
Key Achievement:
• Drove ~280% CAGR profit growth (2023-2025), increasing
earnings from $2.4M to $37M and delivering an ~11x increase in
share price from $0.481 to $5.2 via disciplined capital deployment,
market expansion, and margin-accretive portfolio optimization.
• Led ROI and payback evaluations for diversification initiatives,
including EPC ventures and SPC partnerships in renewable energy,
alongside technology modernization programs to drive cost
leadership and sustainable strategic growth.
• Structured and deployed the company’s 50% share in two SAR
~200M Saudi manufacturing joint ventures, in line with approved
budgets and capital deployment schedules, securing bank facilities
and aligning with governance and project timelines.
• Initiated IPO process for a wholly owned subsidiary, appointing an
advisory bank and leading IPO readiness, regulatory gap analysis,
and internal structuring.
• Consolidated engineering services into a single GCC entity,
providing financial structuring and governance alignment to create
a scalable regional platform.
• Facilitated entry into USA | Africa markets, providing oversight for
first-order execution and follow-on contracts.
• Implemented pricing and delivery-led strategy, securing premium
margins by aligning production, supply chain, and finance to
customer-critical schedules.
• Strengthened balance sheet and working capital governance by
driving inventory reduction, enforcing disciplined inventory control
and movement processes, achieving 100% accuracy across four
plants, recovering, and settling long-overdue, strengthening credit
controls, and ensuring IFRS 15-compliant revenue recognition.
• Led Group ESG reporting per MSX and GRI standards, covering
Scope 1-3 emissions and carbon reduction strategy.
• Implemented a formal ICOFR framework, significantly enhancing
internal controls, compliance, and audit readiness.

Reporting to: Group CEO & Board of Directors

Executive Profile

Serve as the finance leader and joint signatory with the CEO on audited financial statements for a publicly listed, multi-site industrial group. Partner directly with the Board to drive financial stewardship, governance, capital allocation, and enterprise value creation. Lead treasury, FP&A, financial reporting, tax, compliance, enterprise risk management, and ERP governance to support sustainable growth, market expansion, and strategic joint ventures while maintaining robust financial controls and regulatory compliance.

Executive Mandates & Scope
Corporate Strategy & Growth: Partner with the CEO to evaluate investments, product portfolio strategy, market expansion across the GCC and US, and capital allocation, ensuring initiatives maximize profitability, cash flow, and shareholder value.
FP&A & Performance Management: Lead enterprise budgeting, rolling forecasts, KPI dashboards, and predictive analytics, transitioning the Group from traditional budgeting to driver-based performance management.
Corporate Finance & Commercial Structuring: Lead Build vs. Buy assessments, M&A due diligence, de novo joint venture structuring, long-term commercial agreements, and financial modelling for strategic investments.
Treasury & Capital Management: Manage a decentralized treasury portfolio exceeding US$100M, optimizing liquidity, banking relationships, debt facilities, working capital, and capital structure.
Governance & Compliance: Direct IFRS group reporting, statutory compliance, corporate tax, VAT, Audit Committee reporting, ICOFR implementation, ERP governance, and finance transformation initiatives.
Key Achievements

Profitability & Earnings Growth (~2.5x CAGR)
Contributed to increasing net earnings from US$2.4M to US$37M (2023-2025) by developing disciplined capital allocation frameworks, supporting higher-margin product strategies, optimizing working capital, strengthening collections, improving inventory management, and enhancing operational efficiency.

Shareholder Value Creation (11x Share Price Growth)
Strengthened key valuation drivers through disciplined financial planning, capital deployment, and improved earnings visibility. Supported qualification across major GCC utilities, expansion into new product lines (GIS, HV Switchgear, Shunt Reactors), and long-term commercial agreements that enhanced revenue predictability and investor confidence.

Corporate Finance, Treasury & KSA Joint Ventures
Structured a US$54M debt and equity capitalization framework for two greenfield manufacturing joint ventures in Saudi Arabia while optimizing a US$100M treasury portfolio. Designed the optimal funding structure, secured cross-border financing, negotiated banking facilities and guarantees, and optimized surplus cash investments to improve treasury returns.

FP&A, ERP & Business Transformation
Implemented integrated financial and operational KPI frameworks, executive dashboards, and rolling forecasts that significantly improved forecasting accuracy and decision-making. Led Group-wide ERP modernization, strengthening data integrity, standardization, reporting efficiency, and cross-functional performance visibility.

Corporate Governance & Internal Controls
Led Group-wide ICOFR implementation and subsidiary IPO readiness initiatives by directing external advisors, strengthening internal controls, remediating financial risks, and enhancing Board-level governance. Also sponsored the Group's first MSX/GRI ESG reporting framework, successfully transitioning ESG reporting capability in-house while reducing long-term advisory costs.

Lead the function, reported directly to the CFO.
Key Responsibilities:
• Led and developed the finance team, ensuring timely month-end closure, IFRS-compliant reporting, and robust internal controls.
• Directed annual budgeting, forecasting, and long-term financial planning aligned with corporate strategy.
• Managed cash flow, working capital, and liquidity to support operational efficiency and strategic objectives.
• Oversaw product costing and cost accounting, delivering accurate standard/actual costs, variance analysis, and profitability monitoring across all product lines.
• Implemented cost control initiatives to optimize production efficiency, reduce waste, and protect margins, while providing financial analysis and KPI support for cross-functional decision-making.
Key Achievement:
• Implemented SAP actual costing for complex manufacturing processes, enhancing cost visibility and data-driven insights to support targeted cost-reduction initiatives.
• Standardized balance sheet and GL reconciliations, and introduced segmented reporting by project, product, and division.
• Reduced average inventory by 12% (AED 16M) and production labor costs by 10% (AED 7M) through efficiency initiatives and cross-training.
• Enhanced MIS reliability and reporting timeliness through advanced financial models and team capability development.
• Achieved 10% reduction in consumables costs (AED 1M) over two years through optimized policies and processes.

Reporting to: Chief Financial Officer

Executive Profile

Served as Finance Controller reporting directly to the CFO within a complex aerospace manufacturing business owned by Mubadala. Led end-to-end finance operations, partnering with operations and corporate leadership to strengthen cost governance, financial planning, capital investment decisions, and operational performance. Acted as the primary finance business partner to manufacturing leadership, driving profitability, manufacturing efficiency, and data-driven decision-making.

Executive Mandates & Scope
Operational Finance & Cost Controlling: Directed cost accounting across multiple aerospace production lines, overseeing standard and actual costing, variance analysis, product profitability, and manufacturing performance reporting to optimize plant efficiency and margins.
Commercial Finance & FP&A: Led budgeting, forecasting, long-range planning, CAPEX evaluations, and business case development for major aerospace contracts, aligning financial plans with Mubadala's strategic objectives.
Working Capital & Treasury: Managed cash flow, liquidity, inventory, and working capital to support ongoing operations, capital projects, and production line expansions.
Financial Governance & Compliance: Led month-end close, IFRS reporting, internal controls, VAT compliance, and Abu Dhabi Accountability Authority (ADAA) requirements. Coordinated internal and external audits while strengthening governance and financial control frameworks.
Leadership & Business Partnering: Managed and developed the finance team while partnering closely with Operations, Supply Chain, Procurement, Engineering, HR, and Commercial teams to improve financial performance and operational decision-making.
Key Achievements

New Program Launch & Commercial Expansion
Supported the successful launch of major aerospace manufacturing programs, including the Boeing 787 Vertical Fin program. Developed financial models, business cases, and CAPEX evaluations to ensure investment decisions aligned with production capacity and long-term contract profitability.

Cost Reduction & Operational Excellence
Partnered with manufacturing leadership to improve productivity across a workforce of over 800 employees. Developed labour utilization analytics that supported workforce optimization, delivering an 8% reduction in annual direct labour costs (approximately US$1.2M). Improved procurement and consumption controls, reducing consumable costs by 10% (approximately US$0.3M).

Working Capital & Inventory Optimization
Led a finance-driven inventory optimization initiative that released approximately US$8M in working capital. Strengthened inventory governance, procurement policies, and stock management controls, improving liquidity while reducing excess inventory without impacting production.

Digital Finance Transformation
Implemented SAP Actual Costing across complex aerospace manufacturing operations, significantly improving production cost visibility and reporting accuracy. Designed automated profitability reporting by project, product, and business unit while standardizing balance sheet reconciliations, enabling faster close cycles and better operational decision-making.

Finance Capability Development
Transformed the finance function into a proactive business partnering team by introducing financial models that accelerated budgeting, forecasting, and variance analysis. Led training and development initiatives for Emirati finance professionals, supporting succession planning, capability building, and nationalization objectives.

I am leading the function and reported to the Finance Director (CFO)

My key responsibilities,

- Manage preparation and analysis of monthly management reports assuring compliance to IFRS and group policy.
- Manage preparing annual budgets & quarterly forecasts along with sensitivity and margin analysis.
- Reviewing and updating finance and accounting policy including accounting charter and balance sheet reconciliation.
- Reviewing variance and financial analysis reports and providing monthly feedback to Director Finance.
- Supervise teams to effectively manage cash flow and working capital.
- Manage preparation of forex hedging reports for the central treasury team.
- Supervise activities of the team and provide necessary training to ensure quality.
- Monitoring, and improving overall accounting and internal controls to ensure the integrity of the financials.

Report to: Regional Finance Director
Role Overview
Reporting to the Regional Finance Director, I managed finance operations, manufacturing cost control, working capital, and business partnering activities across the Middle East region. My responsibilities included budgeting, forecasting, financial reporting, ERP governance, internal controls, and support for regional expansion initiatives, including the incorporation of a greenfield mining joint venture in Oman.
Key Responsibilities
• Financial Operations, FP&A & Commercial Support: Directed financial reporting, general accounting, budgeting, forecasting, and variance analysis across 60+ distinct SKUs. Provided critical commercial finance support to business heads, modeling price to volume decisions, distributor rebate structures, and margin sensitivities to drive profitable top-line growth.
• Working Capital & Lean Manufacturing Finance: Supervised hands-on cash flow and working capital cycles. Embedded deeply with plant operations to apply lean principles (Value Stream Mapping) to the supply chain, identifying structural cost-reduction opportunities and protecting regional liquidity.
• Financial Governance, Internal Controls & ERP Administration: Administered the regional ERP ecosystem and enforced robust internal controls via the SGG 6Es framework. Ensured accounting policies remained highly relevant to business operations while maintaining 100% compliance with IFRS and corporate reporting timelines.

Key Achievements
• Greenfield JV Incorporation & Mining Operations (Oman): Led the financial setup and operational integration of the SG Al Rafah gypsum mining joint venture, establishing accounting, ERP, reporting, and internal control processes to support the successful launch of mining operations in Oman.
My Contribution: Established the finance, accounting, ERP, and reporting functions for the joint venture while partnering closely with operations to support the successful launch and stabilization of mining activities. I partnered directly with the Quarry Manager, leveraging Saint-Gobain's global mining and operational excellence teams, to successfully establish and operationalize the localized gypsum mining activities.
• WCM Cost Pillar, Productivity & Working Capital Optimization: Directed operational finance initiatives that improved cash conversion, manufacturing efficiency, and inventory turnover.
My Contribution: Led aggressive working capital optimization using Value Stream Mapping to drive an 8% reduction in finished goods, a 9% reduction in raw materials, and a 12% drop in obsolete inventory. To drive an increase in overall plant productivity from 93% to 98%, I collaborated with process engineers to develop loss highest analysis framework to isolate material waste and machine downtime. Furthermore, acting as the Cost Pillar Lead for World Class Manufacturing (WCM) and TPM, I guided the operations team in executing high-ROI interventions that secured a 6% annual reduction in operational costs and retained the site’s WCM Bronze medal.
• ERP Transformation & Audit Integrity: Modernized the financial reporting infrastructure while strengthening the control environment and audit readiness across the region.
My Contribution: Led regional ERP transformation (Infor M3 → SAP) and VAT implementation across Middle East operations, ensuring successful data migration, regulatory compliance, and uninterrupted business continuity. By embedding the group internal control framework across all Middle East businesses, I maintained an impeccable compliance record, consistently securing unqualified audit opinions with zero major statutory adjustments and consistently achieving the highest internal audit rating across Middle East operations.

- Supported CFO in preparing budgets, financial plans, presentations, and ad hoc reports for the CEO and the Board of Directors.
- Managed and supervise all activities of the finance team. Provide training to ensure quality and timeliness of services.
- Prepared and analyzed management reports, process costing reports, and ad hoc reports requested by the CFO.
- Supported management in taking informed ‘make or buy decisions by accurately estimating the cost of refining and smelting process.
- Increased profitability by supporting management in taking timely buy and sell decisions by monitoring metal price, market trends, market speculation, and anticipating demand due to changes in international politics.
- Was Responsible for on-time processing of employee payroll, EOSB, gratuity, and pensions payments for +400 employees.
- Attended performance review meetings with the representatives of the Ministry of Mining. Prepared reports and performed analysis requested by the Ministry and justified their queries.
- Managed and forecasted cash flow requirements. Ensured that payments to suppliers and receipts from customers were on time.
- Eliminated overtime expenditure through training, improved planning, and reallocation of manpower.
- Ensured that concerns raised and/or actions requested during Ministry and/or ISO audits were resolved and actions were taken.
- Ensured there were no significant observations, findings that required adjustments during the statutory audits.

Reporting to: Chief Financial Officer
Role Overview
Reporting to the CFO, I supported financial operations and business analysis within an integrated mining and metals production environment. My core focus was enhancing cost controls, optimizing working capital, and providing actionable commercial support for complex commodity operations.
Key Responsibilities
• Financial Controllership: Managed the complete monthly closure, budgeting, and variance analysis across mining and refining operations while coordinating statutory audits and ISO 9001 compliance.
• Process Costing & Valuation: Administered complex process costing and inventory valuation models for copper, gold, and silver to ensure highly accurate metal accounting.
• Systems Governance: Governed Oracle ERP financial workflows and general ledger controls to maintain absolute data integrity and stable management reporting.
• Commercial Operations: Supported pricing decisions and contract bids through advanced sales and commodity analysis, alongside managing working capital tracking and a 400-employee payroll.



Key Achievements & Contributions
• Costing, Reporting & Financial Control Improvements: Implemented and maintained process costing models for mining and refining operations. Improved accuracy and reliability of inventory and metal valuation reporting to enhance monthly reporting cycles and management visibility of operational performance.
• ERP & Compliance Support: Managed Oracle ERP financial processes ensuring stable reporting and data integrity. Supported statutory and internal audits with improved documentation and controls while contributing to strengthened warehouse and inventory control processes.
• Cost Efficiency & Working Capital Support: Supported reduction of overtime costs through improved workforce planning inputs. Strengthened AP/AR processes contributing to better cash flow discipline and assisted management in monitoring working capital across operations.
• Commercial Finance Support: Supported pricing and bidding decisions through sales and commodity analysis. Monitored metal prices and assisted in timely commercial decision inputs while coordinating financial inputs between operations, sales, and finance teams.

Senior Auditor and Advisor

Core Exposure & Responsibilities
Built foundational experience in audit, financial reporting, internal controls, and business advisory across banking,
financial services, trading, and diversified commercial sectors.
• Execution of statutory audits and financial statement reviews under IFRS and applicable regulatory frameworks.
• Assessment of internal controls, risk management systems, and COSO-based control frameworks to identify weaknesses and improve governance.
• Support in corporate governance and regulatory compliance concerning central bank and structural corporate requirements.
• Involvement in business advisory assignments including process reviews, gap analysis, and business process reengineering.
• Participation in financial due diligence, accounting system implementations, and documentation validation projects.
• Exposure to forensic reviews, segmentation studies, and multi-sector advisory engagements including development finance projects.
• Collaboration with multidisciplinary teams including legal, actuarial, valuation, and IT specialists during active engagements.