Group General Manager Finance & Head of Treasury
Tanmiah Food Company
Total years of experience :18 years, 7 Months
Food and agriculture business with operations in in Saudi Arabia, Dubai, and Bahrain and over 1, 700 employees. Report to the Group CFO and manage a team of over 60 finance employees in Saudi Arabia, Dubai, and Bahrain.
Selected Professional Accomplishments:
• Active member of the executive team who took this family business to public through Initial Public Offering (IPO) - First IPO of a pure poultry company in Saudi market that achieved an institutional coverage of 9, 534% and retail coverage of 1, 170%.
• Re-organized company structure in 2019 resulting in at least SAR 1.2 million annual savings.
• Lead the Value Added Tax (VAT) implementation regime in 2017 across GCC.
• Rationalized financing strategy in 2016 thereby achieving SAR 1 million annual savings.
• Actively managed, funded and supported intercompany projects worth SAR400 million.
• Lead projects involving internal and external legal teams towards successful outcome.
• Prepared and formalized improved and extensive credit control policy. Supervised the project of extensive sales and logistics control documentation to manage risks.
• Devised detailed workflow of branch-based teams’ responsibilities based on industry practices.
Some of my functional responsibilities include:
• Managing corporate banking relationships within GCC.
• Partnering with Logistics, Procurement and Supply Chain Teams across GCC to effectively manage cost efficiencies.
• Establishing policies to address judgmental areas and introduce effective practical controls.
• Managing debt and equity structure of all the group entities.
Privately owned company with interests in distribution, property, and technology. Reported to the CFO and led a team of 15 employees.
Selected Professional Accomplishments:
• Led the financing and legal documentation aspect of establishing a joint venture worth SAR 42 million with an international partner in Saudi Arabia in2014.
• Executed an investment in Germany worth EUR 23.5 million with equity and syndicated loan in 2013.
Some of my functional responsibilities included:
• Handled responsibility of daily cash management, liquidity forecasting, covenant compliance, affiliate financing, cash reporting, credit support and financial risk management.
• Successfully managed international investments involving equity and syndicated loans.
• Expertly negotiated and structured banking facilities; accommodating evolving business needs and conditions, including subsidiaries and joint ventures.
• Developed and executed strategies for FX and Interest Rate hedging. Created roadmaps for debt and equity restructuring.
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.
Central Depository Company of Pakistan is a Pakistani central securities depository company which provides services for equity, debt and other financial instruments.
There, I was held responsible for managing company’s investments and corporate budgeting and planning function; I was also actively involved in strategic business planning exercises carried across the company and assisted with business development initiatives.
MBA
