Saleh Salem Mattbak

To be in-charge of the Holding’s financial accounts and systems, revenue recognition and general ‎accounting policies and procedures.
• Ensure the timely completion of monthly, quarterly and annual financial statements ‎of the Holding.
• Manage and prepare annual budgets for the Holding and perform periodic cost and productivity ‎analyses on the same to ensure compliance with budgetary guidelines.
• Develop budgetary models, policies and procedures, budget benchmarks and budget savings plan ‎and proposals.
• Develop and maintain a cash management program to ensure an adequate working capital and ‎return on cash balances addressing the investment needs.
• Manage all aspects of corporate financial business processes in compliance with applicable laws ‎and regulations.
• Perform special job-related management financial reports as needed.
• Serves as a strategic partner to the Holding Presidents, assisting with business strategy on a ‎variety of financial related topics.
• Manages activities of staff engaged in the short- and long-range financial planning and budgeting ‎of labor and expenses for assigned Holding.
• Manages Holding activities to promote profitability and ensure accurate budgeting and financial ‎planning. Oversees development of mathematical models used in cost benefit analysis, short- and ‎long-range projections and forecasts.
• Establishes department goals and action plans. Monitors and reports on progress in completing ‎projects and accomplishing goals. Resolves complex issues and problems as needed.
• Manage all aspects of corporate financial business processes in compliance with applicable laws and regulations.
• Perform special job-related management financial reports as needed.
• Serves as a strategic partner to the Holding Presidents, assisting with business strategy on a variety of financial related topics.
• Manages Holding activities to promote profitability and ensure accurate budgeting and financial planning. Oversees development of mathematical models used in cost benefit analysis, short- and longrange projections and forecasts.
• Understand and comprehend Zakat, Tax, WHT, and VAT regulation and guidelines.
• Prepare and review all responses to ZATCA queries for audits, assessments including inspections requirements.
• Coordinate with zakat/tax advisors to prepare full analysis of ZATCA assessment and completion of appeals documentation on a time.

Key responsibilities:
• providing and interpreting financial information for all projects based on project financial modules, financial forecasts, financial scheduling and discrepancy management;
• Monitoring and interpreting cash flows and predicting future trends;
• Analyzing change and advising accordingly;
• Formulating strategic and long-term business plans;
• Researching and reporting on factors influencing business performance;
• Analyzing competitors and market trends;
• Developing financial management mechanisms that minimize financial risk;
• Conducting reviews and evaluations for cost-reduction opportunities;
• Managing a company's financial accounting, monitoring and reporting systems;
• Liaising with auditors to ensure annual monitoring is carried out;
• Developing external relationships with appropriate contacts e.g. auditors, solicitors, bankers and statutory organizations such as the Inland Revenue;
• Producing accurate financial reports to specific deadlines;
• Managing budgets;
• Arranging new sources of finance for a company's debt facilities;

Duties and Responsibilities:

 providing and interpreting financial information;
 monitoring and interpreting cash flows and predicting future trends;
 analyzing change and advising accordingly;
 formulating strategic and long-term business plans;
 researching and reporting on factors influencing business performance;
 analyzing competitors and market trends;
 developing financial management mechanisms that minimize financial risk;
 conducting reviews and evaluations for cost-reduction opportunities;
 managing a company's financial accounting, monitoring and reporting systems;
 liaising with auditors to ensure annual monitoring is carried out;
 developing external relationships with appropriate contacts e.g. auditors, solicitors, bankers and statutory organizations such as the Inland Revenue;
 producing accurate financial reports to specific deadlines;
 managing budgets;
 arranging new sources of finance for a company's debt facilities;
 supervising staff;
 keeping abreast of changes in financial regulations and legislation.

• Establishing the Finance and Accounting system formulation.
• Establishing and Implementing the Accounting software system.
• Setting up the Cement Plant contract agreement for "Finance and management parts" with the Contractor.
• Setting up the Power Plant contract agreement for "Finance and Management parts" with the contractor.
• Setting up the Engineering consultancy Services contract agreement for "Finance and Management parts" with the Engineering Consultancy contractor for the inspecting and reviewing of the Cement plant project and Power Plant Project.
• Controlling the company's Projects executing for Financial Parts to ensure fulfilling with contractors' contracts agreement such as Letter of Guaranty LG, Letter of Credit LC, the down payments, and Performance Payments and advance payments of the Company. Reviewed and approved all Accounting and Financial matters and transactions.
• Producing and approving the Financial Statements for the fiscal years and the Financial Statements.
• Providing the Company Managements and the Board of directors with the periodic financial Reports including the project current Cash flows and the expected Cash Outflows and Financial Positions.
• Calling for the external Auditing firms to review the Company Financial Statements.


Key Contributions:
• Generally, to supervise and coordinate all activities of the Finance Division in the most effective and efficient means possible.
• To provide management with up-to-date and timely financial and operational information necessary in their decision making process.
• To provide assistance and advise to other segments of the organization in promoting efficiency and compliance with prescribed policies and procedures.
• To establish and implement systems and procedures to guide organizational activities towards achieving corporate objectives.

• Auditing a firm's financial reports and for reviewing a firm's interim financial reports.
• Auditing a firm's financial statements and report the results of its activities.
• Auditing a firm's financial reports including the appropriateness of the accounting policies and principles that are used by a firm.
• Auditing a firm's the effectiveness of internal controls, the process for improvement and internal quality control procedures.
• Discuss with management and the internal auditors, the adequacy and effectiveness of the accounting and financial controls.
• Reviewing all relationships between the internal auditor and the management (to assess the internal auditor's independence).
• Perform an evaluation of firm's performance to determine whether it is functioning effectively, specially the firms that 50% at least of its shares belong to the government.