Manager Corporate Finance
Baniyas Investments and Development Company
Total years of experience :20 years, 11 Months
Baniyas Investment & Development Company: Master Property Developer, Hotelier & Mall Operator, Schools, Hospitals and Asset Manager. BIDC is one of the largest Property Developer in UAE. (Development plot size of 1.8m², AED 6.2bn Asset value) (Abu Dhabi - UAE)
Key Responsibilities:
>Capital Budgeting
>Corporate Business Plan
>Equity Funding - PP and IPO
>Legal and Risk Management
>Banking Relationship Management
>Business Valuation and Due Diligence
>Feasibility Studies & Business Valuation
>Financial and Stewardship Compliance
>Operational Execution -
>>Development Projects
>>Investment Properties
>>Operational Investments
Key Achievements for Clients
Reviewed strategic, business and financial Plans for CEO
Reviewed of Risk Management Practices
Provided reports on Financial and Stewardship Compliance
Established Corporate Business Plan and process to maintain budgets across projects and at corporate level
Assisted in restructuring corporate loans more efficiently and syndicate AED 1.1bn loan to refinance BAS Mall and residential investment property
Assisted is raising AED 220mn through private placement and currently in process of raising additional AED 400mn through IPO
Sorouh P.J.S.C (Currently AL DAR):
Master Property Developer, Hotelier & Mall Operator, Business Parks and Asset Manager. Sorouh was 2nd largest in Abu Dhabi and 5th largest Property Developer in UAE. (Market Capitalisation, $2, 640 mil, Op. Budget $800 mil, 360 FTE Staff) (Abu Dhabi - UAE)
Key Responsibilities
>Mergers & Acquisition
>>Project Feasibility Studies
>>Due Diligence & Asset Valuation
>>Integration Planning & Execution
>>Subsidiary Custodian, Documentation & QA
>Corporate Funding & Treasury
>>Fixed Deposits
>>Relationship Management
>>Project & Corporate Funding
>>Regulatory Reporting & Compliance
>Corporate Business Plan
>>Capital Budgeting
>>Project Prioritization Matrix
>>Operational Investments
>>Project Financial Forecasting
>>Investment & Development Projects
>>Subsidiaries and Group Entity Consolidation
>Financial Management
>>Cost Control & Budget Reporting
>>Treasury & Accounting for Projects
>>Management Reporting & Presentations
Key Achievements:
Prepared 5 year business plan over the corporate level and project level which provided an overview to management on the organization’s cash position and profit projections.
Contributed (with a key role) in obtaining a corporate funding pool from 8 different banks (Islamic & Conventional) with a total facility limit of AED 3.5bn in 2010 and additional AED 2.0bn by 2011.
Contributed (with a key role) in obtaining 2 major individual project revolving facilities through a set-up of separate Enmities and SPVs.
Lead as part of Strategy team the valuation for acquisition of 5 entities (3 subsidiaries, 1 JV and 1 Associate company).
Developed a project financial planning and modelling master model for the purpose of standardizing project’s planning and modelling schemes across Sorouh Projects (Approved by Mackinsey).
Lead (with Finance Director) the Asset Valuation of the corporation (from 2010 for 2 years)Strategic Plan for Sorouh
Senior Internal Auditor (Assurance and Governances Services) (Mar 07 - Feb 08) (1 Yr Secondment)
Key Responsibilities
Process Re-alignment
Enterprise Risk Management
Financial advisory and support
Internal & External Audit Liaison
Business Process Reengineering
Assurance, Risk & Governance Projects
Special Projects
Priority Rating Model Projects
Project Financial Feasibility Tool
Policies Process & Procedure Project
Key Achievements
Developed a project financial planning and modelling master model for the purpose of standardizing all of Sorouh development and investment project’s financial planning and forecasting and reporting
Lead successfully planned audits (Internet Usage, Bank Reconciliation, Revenue & Expenditure and Procurement audit) in coordination with and across several departments.
Contributed as part of a team in delivering Sorouh’s Policies Process and Procedures as part of the Customer Centricity Project
Key Responsibilities
Cost Control
Project Cash Calls
Project variation orders
Procurement Orders & Tendering
Management Reporting & Presentations
Key Achievements
Developed a database program for computerizing all correspondence & financial registration. Resulting in reduced over-lapping of duties & improving efficiency.
Developed and delivered program for computerizing security, recruitment, and termination applications for ADMA-OPCO employees. Improved reporting and allowed better identification of errors and anomalies.
Developed a database program using MS-Access for HR Department to maintain and control Contracted Manpower personnel working at ADMA
Graduated with a GPA of 3.2 (Very Good). *was on the Honors List for 2 years with a GPA over 3.8
