Shahid Abdul Razzak

• Built the enterprise risk framework for a multi SPV group, strengthening
oversight for Board, Audit and Risk Committee, and shareholders.
• Established risk appetite, heatmaps, and reporting templates used for Board
and shareholder submissions.
• Implemented compliance system covering COI/RPT, whistleblowing, internal
controls, governance registers, and regulatory filings.

• Delivered a group wide governance overhaul covering policies, charters,
DOA, SOPs, and controls for seven subsidiaries.
• Implemented a Treasury Management System improving liquidity visibility
and centralized cash mobilization.
• Standardized financial processes and reporting across all SPVs, improving
consolidation accuracy and cycle time.
• Established early stage ICFR and governance structures in preparation for
future listing. Led capital allocation oversight and management reporting for mega PPP
projects.

• Led Saudi Arabias first pureplay poultry IPO, achieving 9, 534% institutional
and 1, 170% retail coverage.
• Structured EUR 50M Islamic financing with a European bank, first of its kind
for the sector.
• Delivered VAT implementation across GCC and built a multi country treasury
function.
• Mobilized SAR 400M+ funding for growth projects while optimizing the
capital structure and saving SAR 1M+ annually.

Received Abbott International Silver Award for developing risk management
protocols adopted globally.
• Enhanced liquidity management and hedging strategies.

Abbott Laboratories is an American multinational medical devices and health care company with headquarters in Abbott Park, Illinois, United States.

In their Pakistan operation, I was entirely responsible for managing and steering the Corporate Treasury Department to carry out all the related functions encompassing cash management and portfolio management of retirement funds; I was responsible for optimum utilization of company’s funds and treasury activities which included forex hedging for foreign trade activities, specialized foreign trade payments like Technical Service Fee, Royalty, License and Employee Stock Purchase Plan and other service payments.

I also negotiated banking facilities to reduce costs and prepare cash flow forecast, interest calculations and was actively involved in withholding taxation matters.

Selected Professional Accomplishments:
• Received the coveted Silver Award from Abbott International in 2011 for Risk Management Initiatives.
• Successfully concluded and won a legal proceeding in 2013 concerning retirement funds.
• Developed, launched and successfully executed wage management of collective bargaining agent.
• Managed and revamped retirement funds investments to bring them in positive numbers in 2009.Constantly surpassed the financial Income targets, a major KPI in years 2009, 2008 and 2007.

Some of my functional responsibilities included:
• Expertly conducted all arrangements with the banks with regard to banking facilities.
• Undertook strategic cash management for surplus cash.
• Reviewed and monitored annual insurance risk coverage to maximize cost savings on premium.
• Handled strategic investments of retirement funds to maximize returns for members.
• Executed International reporting to the parent company in USA.
• Managed full cycle accounting activity of treasury department.
• Assumed responsibility of management accounting for internal stake holders.

• Strengthened financial controls and reporting standards in alignment with
regulatory requirements.