مجموع سنوات الخبرة: 31 سنوات, 5 أشهر
مارس 2019
إلى حتى الآن
Chief Financial Officer CFO
في Al-Wazzan Industries
البلد :
الكويت - الكويت
يناير 2018
إلى حتى الآن
Finance Manager / Director
في Compass Business Incubators
البلد :
الكويت - الكويت
Mentoring and guiding to make strategic plan for the financial futures.
Facilitate the development of a strategic business plan for the business, which includes long-term developments, investments & projects.
Re-forecasts profit expectations with the management accounts team to highlight most-probable performance on a periodic basis.
Assess performance results for accuracy & use information to interpret & build models for future performance.
Provide employees in the department with a work environment that is open and conducive to sustained high performance.
Provide strategic support and direction to one’s subordinates in managing their performance by providing appropriate feedback and counselling
Implemented the company's infrastructure and financial and administrative skills.
Analyzed costing elements and provide the training for work team.
Analyzed pricing model and implemented pricing policy and flexibility.
Implemented the finance and accounting control policy and supervised the compliance.
Key achievement
Effectively completed feasibility analysis for SMES, resulting receiving approval from KNF for projects financing with amount of KD 5.7 M.
Implemented rescue-plan and business re-structure and train for some borrowers from Kuwait National Fund authority, those accounts are SMES subjected to Kuwait national fund authority.
Maximizing profit by strengthening institutions in the areas of revenue and expenditure management.
Facilitate the development of a strategic business plan for the business, which includes long-term developments, investments & projects.
Re-forecasts profit expectations with the management accounts team to highlight most-probable performance on a periodic basis.
Assess performance results for accuracy & use information to interpret & build models for future performance.
Provide employees in the department with a work environment that is open and conducive to sustained high performance.
Provide strategic support and direction to one’s subordinates in managing their performance by providing appropriate feedback and counselling
Implemented the company's infrastructure and financial and administrative skills.
Analyzed costing elements and provide the training for work team.
Analyzed pricing model and implemented pricing policy and flexibility.
Implemented the finance and accounting control policy and supervised the compliance.
Key achievement
Effectively completed feasibility analysis for SMES, resulting receiving approval from KNF for projects financing with amount of KD 5.7 M.
Implemented rescue-plan and business re-structure and train for some borrowers from Kuwait National Fund authority, those accounts are SMES subjected to Kuwait national fund authority.
Maximizing profit by strengthening institutions in the areas of revenue and expenditure management.
يناير 2014
إلى يناير 2018
CFO
في Global Azure for General Trading & Contracting
البلد :
الكويت - الكويت
Implemented and enforced appropriate financial policies and procedures.
Managed outsourced functions such as: IT, HR, Legal and insurance.
Analyzed risk management activities through company functions accounting, audit, and treasury) and understanding the risks and then finding ways to moderate or work with the identified risks.
Implemented of monthly / Quarterly MIS report.
Analyzed pricing model and implemented pricing policy and flexibility.
Implemented the finance and accounting control policy and supervised the compliance.
Key achievement
Made feasibility study and evaluations for acquisition purposes, accordingly.
a- Established subsidiary education company. MIA academy- Pre-school - (KD500 K Paid Capital)
b- Established subsidiary recycling company.
(KD100 K Paid Capital)
c- Obtained cash loan from the local banks for complying with company plans. (KD 1M).
Trained the staff of company and the subsidiaries. (Qunt.15).
Increased company’s assets.
Increased company’s net profit.
Saved Administrative expenses.
Increased company’s owners’ equity.
Managed outsourced functions such as: IT, HR, Legal and insurance.
Analyzed risk management activities through company functions accounting, audit, and treasury) and understanding the risks and then finding ways to moderate or work with the identified risks.
Implemented of monthly / Quarterly MIS report.
Analyzed pricing model and implemented pricing policy and flexibility.
Implemented the finance and accounting control policy and supervised the compliance.
Key achievement
Made feasibility study and evaluations for acquisition purposes, accordingly.
a- Established subsidiary education company. MIA academy- Pre-school - (KD500 K Paid Capital)
b- Established subsidiary recycling company.
(KD100 K Paid Capital)
c- Obtained cash loan from the local banks for complying with company plans. (KD 1M).
Trained the staff of company and the subsidiaries. (Qunt.15).
Increased company’s assets.
Increased company’s net profit.
Saved Administrative expenses.
Increased company’s owners’ equity.
مارس 2009
إلى يوليو 2011
Finance Manager
في First Qatar Real Estate Dev. Com (K.S.C.C
البلد :
قطر - الدوحة
Implemented the finance and account control policy and supervised the compliance.
Implemented the procurement policy manual and supervised the compliance.
Performed valuation reports due diligence reports.
Managed cash flow and obtained financial and bank facilities for the company.
Trained directed the supervisors and accountant(s).
Implemented ISO and supervised the compliance.
Key achievement
Due to the financial crisis and lack of liquidity, the company was unable to reach the completion of its project in Doha - Qatar, where the main developer almost withdrew the project from the company, which would have led to the company losing the largest of its assets in addition to the loss of shareholders' equity. Rescue plan was must for save and protect the company assets plus shareholders equity, the company's project percentage of completion was 78%.
I secured cash inflow for the company to cover salaries and rents and sub - contractors’ payments by:
a- I developed the purchase agreement with a new payments scheme which increased the sales of units on map 20%.
b- Cease sales commission payment. (Agreed by all).
c- Negotiated with the main developer to extend the project delivery date.
d- Negotiated the main service providers such as (water and elect, A/C) for connection with postponed payment.
e- Negotiated the main contractor to complete construction with postponed payment.
f- Accordingly, then; I used the purchase agreements as a collateral for the bank which enable me obtained QR 120M - 200M from QNB.
g- Now, the company is going on with a potential asset and investments and has a strong financial position which guaranteed the company good revenue.
The owners’ Equity had been increased with around 23% and the Assets growth up with around 200%.
Implemented the procurement policy manual and supervised the compliance.
Performed valuation reports due diligence reports.
Managed cash flow and obtained financial and bank facilities for the company.
Trained directed the supervisors and accountant(s).
Implemented ISO and supervised the compliance.
Key achievement
Due to the financial crisis and lack of liquidity, the company was unable to reach the completion of its project in Doha - Qatar, where the main developer almost withdrew the project from the company, which would have led to the company losing the largest of its assets in addition to the loss of shareholders' equity. Rescue plan was must for save and protect the company assets plus shareholders equity, the company's project percentage of completion was 78%.
I secured cash inflow for the company to cover salaries and rents and sub - contractors’ payments by:
a- I developed the purchase agreement with a new payments scheme which increased the sales of units on map 20%.
b- Cease sales commission payment. (Agreed by all).
c- Negotiated with the main developer to extend the project delivery date.
d- Negotiated the main service providers such as (water and elect, A/C) for connection with postponed payment.
e- Negotiated the main contractor to complete construction with postponed payment.
f- Accordingly, then; I used the purchase agreements as a collateral for the bank which enable me obtained QR 120M - 200M from QNB.
g- Now, the company is going on with a potential asset and investments and has a strong financial position which guaranteed the company good revenue.
The owners’ Equity had been increased with around 23% and the Assets growth up with around 200%.
مارس 2004
إلى يناير 2009
Financial Controller
في Kuwait Dynamics Limited for Contracting (K.S.C.C
البلد :
الكويت - الكويت
Worked with subsidiaries executives in order to design and create the quarter report for management reporting purposes plus the auditing.
Monitored third party activities handling outsourced treasury functions on behalf of the company.
Global Investment Com. for KDL.
NBK Capital, for KDL.
Funding strategy complying with management operation plan.
Provided executive project support, administrative help, and financial data tracking.
Key achievement
Implemented the funding strategy complying with company business plan, KD 64M was obtained from local bank(s).
Accomplished new policy for procurements which saved KD1, 2 M.
Re-structured administrative expenses and projects direct cost by buying assets instead of lease, which minimized the company expenses:
Saved projects direct cost KD1, 1 M.
Saved administrative cost KD500 K.
Increased company fixed assets. (Vehicles, Heavy Equipment’s and Tools): by transferred leasing agreements into lease to own made the assets growth up aggressively from KD14K to KD3, 5M within 3 years.
For accuracy of interest cost, I prepared calculation sheets based on bank facilities agreements conditions which lead to cut interest costs by 2%, and accordingly.
I received back KD 73K (refunded Interest).
Established specialist companies as sub-contractors for main works, to be subsidiary of company, which increased the company turnover around 23% and keep the cash flow in group circle.
KMIX company for ready mix
Action Electro-mechanical com.
Monitored third party activities handling outsourced treasury functions on behalf of the company.
Global Investment Com. for KDL.
NBK Capital, for KDL.
Funding strategy complying with management operation plan.
Provided executive project support, administrative help, and financial data tracking.
Key achievement
Implemented the funding strategy complying with company business plan, KD 64M was obtained from local bank(s).
Accomplished new policy for procurements which saved KD1, 2 M.
Re-structured administrative expenses and projects direct cost by buying assets instead of lease, which minimized the company expenses:
Saved projects direct cost KD1, 1 M.
Saved administrative cost KD500 K.
Increased company fixed assets. (Vehicles, Heavy Equipment’s and Tools): by transferred leasing agreements into lease to own made the assets growth up aggressively from KD14K to KD3, 5M within 3 years.
For accuracy of interest cost, I prepared calculation sheets based on bank facilities agreements conditions which lead to cut interest costs by 2%, and accordingly.
I received back KD 73K (refunded Interest).
Established specialist companies as sub-contractors for main works, to be subsidiary of company, which increased the company turnover around 23% and keep the cash flow in group circle.
KMIX company for ready mix
Action Electro-mechanical com.
يناير 2000
إلى يناير 2004
Senior Auditor
في BDO-International
البلد :
الكويت - الكويت
Audited and consulted more than 100 company with variety activities and objectives such as:
Financial Sector.
Real Estate Sector.
Trading & Contracting Sector.
Service Sector (Education & Medical).
Service Sector (Food & Beverage and Hotel Management)
Key achievement
One of my clients - Education Company - has an institutes and training center, i advised and implemented the management business plan and executed shifted the legal entity of the company into holding listed company and transferred each institute division into a subsidiary company.
The purposes for this plan was to receive free money from shareholders and participants for expansion target.
The result was:
a- KD15 M cash inflow.
b- New University was opened in Kuwait.
c- Share market value is KD3, 5 per share.
Other client - Contracting Company - has losses, I was assigned to make the due diligence and set up the solution. I found that costing some project(s) was wrong and had no control on procurement.
a- I sited up control policy and procedure.
b- I sited up new policy for costing the projects.
c- I supervised completion of control policy and procedure plus accounting procedure.
The Result was:
a- company eliminated loss and shifted to profit.
Financial Sector.
Real Estate Sector.
Trading & Contracting Sector.
Service Sector (Education & Medical).
Service Sector (Food & Beverage and Hotel Management)
Key achievement
One of my clients - Education Company - has an institutes and training center, i advised and implemented the management business plan and executed shifted the legal entity of the company into holding listed company and transferred each institute division into a subsidiary company.
The purposes for this plan was to receive free money from shareholders and participants for expansion target.
The result was:
a- KD15 M cash inflow.
b- New University was opened in Kuwait.
c- Share market value is KD3, 5 per share.
Other client - Contracting Company - has losses, I was assigned to make the due diligence and set up the solution. I found that costing some project(s) was wrong and had no control on procurement.
a- I sited up control policy and procedure.
b- I sited up new policy for costing the projects.
c- I supervised completion of control policy and procedure plus accounting procedure.
The Result was:
a- company eliminated loss and shifted to profit.
يونيو 1995
إلى ديسمبر 1999
Accounts Manager
في Kuwait Real Estate Company (K.S.C.C.) Listed
البلد :
الكويت - الكويت
أغسطس 1989
إلى أكتوبر 1994
Accountant
في Mohamad Abdulrahman Al-Bahar- •(General Electric
البلد :
الكويت - الكويت
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