وائل فاروق

The role is covering Treasury, investment, assets management and business development. The aim is to provide the Minister of Transport with a strong mechanism for financial decision making with regards to treasury (local/ international loans, Cash Management, FX exposure and assets management ) and investment within the transportation authority’s (Ports, Railways, Roads, Tunnels and River Transport), Also acting as Group Treasurer, managing and overseeing the treasury function in all subsidiaries and related companies ( 38 companies ).

The role is responsible for five major departments ( Treasury, Cash Management, Cash Operations, International Receivable and Accounts Payable) under which the responsibilities are covering both funding and investment Strategy, arranging external financing, managing relationships with banks and other financial institutions and overseeing all cash management functions with regard to liquidity, funds flow, foreign currencies risk management, and control . other functions for which the treasure is assuming include cash forecasting, managing working capital, dividends disbarments, shareholders custodian accounts and all company’s payments ( internal & external).

The role is responsible for four major departments (General Ledger, Statutory Reporting, Fixed Assets and Accounts Payable), the responsibilities of the function are covering all accounting activities, holding the ownership of the accounting policies and procedures, and assuring the integrity of the financial. Meanwhile, being compliant with the IFRS and relevant local rules and regulations is a major responsibility.

• Establish the Treasury Department.
• Manage all aspects of long-term and short-term investment strategies.
• Determine the company’s goals and risk tolerance.
• Develop and maintain strong relationships with local and international banks.
• Overseeing all banking and cash operations (LCs. LGs, WTs ….etc).
• Establish and maintain strong cash management and reporting procedures to ensure accurate reporting.
• Ensure providing a superior banking service and acting as a key link between banks and other departments serving commercial objectives.

•Managing the process of cash management
•Managing a daily turnover of DHS 6/8 million
•Responsible for managing all Cash Operations with regard to control and reporting.
•Overseas all banking transactions on a daily basis.

•Oversee a portfolio of 26 companies in various industries
•Managing the portfolio of the NBD and other investments companies.
•Defining new investment opportunities
•Following up on the companies’ performance, analyze and evaluating financial and commercial results.
•Helping in strategies setting and follow up on the implementation process.
•Attending both OGMs & EGMs as a company representatives

•The Financial and economical analysis for the bank’s companies within various sectors.
•Preparation of the evaluation periodic reports for all companies’ activities.
•Studying and analyzing business plans, financial statements.
•Following up the credit positions of companies and promote any new facilities.
•Evaluating the annual performance of the companies to define underperformed companies.
•Preparing & deciding on the provisions needed for books risk management
•Direct Report to the top management in some specific cases.