Tarek Bakhshawan

Diversified holding group of 15+ subsidiaries spanning construction, engineering, real estate, transport, security, cybersecurity, catering, F&B, hospitality, beauty, hydroponic agriculture, and retail. Leading a centralized finance team of 12 reporting directly to the CEO.
• Lead a centralized finance function of 12 staff (1 Senior Accountant, accountants, assistant accountants, project accountants, and data-entry team) supporting 15+ Group subsidiaries, including Middle East Contracting (MECC), Middle East Services (MES), METRACO (transport), Middle East Security Services, Cyber Security, Arabian Co. for Building Techniques, El-Ertikaz Engineering, Al-Ertikaz Real Estate, Naderat Al Khaleej (Hydroponics, Walayn Tamam, Fish Shops & Restaurant), Catering, Paris Beauty, and Decoration & Upholstery.
• Restored the Group's financial position and stabilized liquidity across all subsidiaries through disciplined cash flow management, working capital optimization, and strengthened banking relationships.
• Structured and managed a SAR 60.5M financing portfolio built from scratch, securing approvals from: Saudi National Bank (SNB) - SAR 20M, Al Rajhi Bank - SAR 27.2M, and Yanal Finance Company - SAR 13.3M (lease and Commodity Murabaha facilities).
• Conducted comparative analysis of financing instruments (lease vs. Murabaha) using IRR-based Effective Interest Rate models, selecting the most cost-effective structure and improving the Group's overall cost of funds.
• Re-prepared full financial statements (IFRS / SOCPA) for multiple Group entities, including trial balance mapping (900+ accounts), intercompany reconciliations, equity reclassifications, and audit-ready disclosure schedules.
• Cleared five years of delayed financial statements (FY2020-FY2024) for Naderat Al Khaleej, restoring audit readiness and regulatory compliance for the entity.
• Led financial management of the SABIC Technology Center (STC-J2) EPC project, including BOQ cost build-up, overhead structuring, scenario analysis, and supplier compliance reviews — identifying material cost gaps in operations budgets and supplier quotations.
• Developed and rolled out a bilingual (Arabic/English) financial and administrative policy framework aligned with Saudi regulations (ZATCA, VAT, WPS, GOSI, IFRS, SAMA).
• Designed and implemented a Group-wide financial governance and approval-tracking system to monitor disbursements outside the FM/CEO authorization chain, strengthening internal controls.
• Prepared board-level investment appraisals (lease vs. cash, EIR, WACC, amortization schedules) supporting capital expenditure decisions exceeding SAR 6M.
• Supported external auditors on FY2024 audit cycles, resolving complex reclassification matters between liabilities and equity, and documenting key technical positions in formal internal memoranda.

• Leading financial strategy, budgeting, and capital structuring for contracting and engineering operations.
• Negotiated financing lines with local banks to support multi-million SAR projects.
• Spearheaded financial transformation projects including ERP integration and automated reporting systems

• Leading financial strategy, budgeting, and capital structuring for contracting and
engineering operations.
• Negotiated financing lines with local banks to support multi-million SAR projects.
• Secured SAR 10M structured financing, enhancing liquidity and banking credibility.
• Spearheaded financial transformation projects, including ERP integration and
automated reporting systems.
• Successfully prepared and audited three years of delayed financial statements in
less than six months with a finance team.
• Restored company compliance, reactivated governmental services, and achieved
Grade 3 contractor classification.
• Directed financial management of projects worth SAR 12M within one year,
ensuring profitability and cash flow stability.

• Directed financial planning and analysis, including preparation of annual budgets and rolling forecasts.
• Implemented cost control initiatives, achieving 15% reduction in overhead costs.
• Enhanced management reporting frameworks, ensuring timely delivery of actionable insights to the Board.
• Coordinated with commercial teams to align financial plans with investment strategies.

• Directed financial and administrative operations for engineering consulting projects,
ensuring compliance with accounting standards and internal control procedures.
• Budgeting, forecasting, and cost control, supporting large-scale engineering and
design projects.
• Developed and monitored project financial reports, enhancing the accuracy and
timeliness of decision-making .
• Financial controlling to optimize resources and ensure regulatory compliance.
• Coordinated with project managers and consultants to align financial planning with
project milestones.

• Directed financial planning and analysis, including preparation of annual budgets and
rolling forecasts.
• Cost control initiatives, achieving 25% reduction in overhead costs.
• Enhanced management reporting frameworks, ensuring timely delivery of actionable
insights to the Board.
• Working with commercial teams to align financial plans with investment strategies.

1. Financial Planning and Analysis:
• Coordinate and prepare the strategic and financial plans and forecasts in accordance with global and regional guidelines
• Work closely with the Head of Finance on planning
• Work closely with the Commercial team to identify and track variances
2. Reporting:
• Provide timely and meaningful management reporting for the partners and ensure that the reporting continually evolves to meet the needs of the business
• Continually update and evolve reporting using available tools.
• Support Partners and Principals with personal assistant or client specific reporting on a monthly.
• Support the Head of Finance with ad-hoc financial analysis and act as a source for the local office management reporting and analysis needs
3. Firm performance in cooperation with the Head of Finance and Heads of Functions:
• Partner closely with the Commercial Manager, provide back up and together identify opportunities to streamline processes
• Continuously identifying and implementing programs for reducing Other costs and profit improvement measures.
• Also responsible for office Capital Expenditures budgets
• Prepare monthly reports to monitor other costs and address questions for the Heads of Functions; early detection of
potential overruns

• Financial reporting, forecasting, and cost control for construction projects.
• Partnered with commercial management to streamline processes and reduce non
essential costs.
• Supervised preparation of variance and profitability reports to guide project
performance.

Report to General Director and Finance Manager
Supervise 4 staffs (2 accountants, 1 administrator, 1 purchasing officer)
• Responsible for monthly financial reports.
• Analysis of operating expenses and revenue.
• Group reporting package.
• Establish company yearly budget, quarterly forecasting.
• Control company expenditure and financial status.
• Cash management.
• Conduct audit schemes.
• Manage the accounting system including accounts payable, accounts receivable, general ledger, project costing, inventory, cash flow projection, credit and corrections to contribute to overall financial and performance results. Ensure compliance with corporate, local statutory requirement through appropriate record keeping.
• Responsible for reports on taxes, banking and labors.
• Assist in Sales strategies.
• Work closely with Sales Manager to follow up budget and forecast as well.
• Monitor Corporate Policies.
• Payroll Administration.
• Take care Human resource & Administration.

• Supervised a team of 4 staff (accountants & administrators).
• Established company-wide budget and quarterly forecasts.
• Controlled expenditures and cash flow to maintain liquidity.
• Conducted internal audit procedures, ensuring compliance with statutory regulations.
• Reported directly to the General Director and Finance Manager.

Report to General Director
Supervise 7 staffs (general, receivables, payables, costing, banking, asset accountants, Customs Clearance Officer)
• Responsible for financial and management functions including the review of systems of internal controls and financial procedures and providing advice to the business units on all financial matters.
• Ensure efficient running of the accounting and information department.
• Plan and control of overhead expenditures and financial results
established long term objectives.
• Manage the accounting system including accounts payable, accounts receivable, general ledger, project costing, inventory, cash flow projection, credit and corrections to contribute to overall financial and performance results. Ensure compliance with corporate, local statutory requirement through appropriate record keeping.
• Work proactively with management team to control actual financial results consistent with operating plan commitments for the organization.
• Prepare and analyze monthly financial results, quarterly forecasts, performance review and annual budget, yearend reporting and year end package.
• Maintain adequate procedures and controls to ensure accuracy of job costs.
Establish adequate internal controls and procedures to safeguarded and protect company assets.
• Measuring the final cost for the unite for pricing purposes.
• Payroll Administration.
• Managing accounting activities of branches.
• Liaise with bankers, auditors, tax agents, legal consultants and statutory bodies.
• Analysis result of operating, finance situation
• Follow income bridge, expense bridge between actual and budget
• Check reports on costing, financial, tax, audit and bank reconciliation
• Compare between budget and actual figure
• Make monthly Profitability of Analysis
• Be in charge of variance expenses/Actual & Budget
• Prepare monthly analysis expenses and costing
• Make business correspondence with suppliers and customers
• Assistant to Finance Director in banking transactions (Credit line, tariff, facilities)
• Deal with Bankers (Loan, Letter of Credit)
• Deal with Group, External and Tax auditors

Achievement:
• Set up accounting system
• Conduct accounting software
• Set up finance and accounting report system
• Set up internal financial control procedures
• Reorganize accounting dept.
• Restructure accounting system
• Promoted from Senior Accountant to Chief Accountant

• Managed a team of 7 staff covering receivables, payables, costing, banking, and assets.
• Directed preparation of financial reports, forecasts, and annual budgets.
• Ensured compliance with statutory requirements, liaising with auditors and tax
authorities.
• Developed variance analysis and profitability reports, improving cost visibility.
• Started as a junior then senior then chief accountant.

• Financial reports, receivables and payables, and monitored cash operations.
• Contributed to budget preparation and cost analysis for the food production division.
• Assisted in payroll, inventory control, and monthly financial closings.