Wassim Kabbani, Managing Director

Wassim Kabbani

Managing Director

Reliance Management Consultants

Location
United Arab Emirates - Dubai
Education
High school or equivalent, Accounting and Finance
Experience
38 years, 4 Months

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Work Experience

Total years of experience :38 years, 4 Months

Managing Director at Reliance Management Consultants
  • United Arab Emirates
  • My current job since January 2017

§ Conducted feasibility studies and due diligence for Mergers and
Acquisitions of small & medium enterprises.
§ Designed and implemented managerial and operational
organizational restructures
§ Designed operating manuals and trained staff for implementation

Financial Advisor at Al-Aroud Group
  • United Arab Emirates
  • January 2011 to January 2017

Reporting directly to the Chairman
§ Established the hospitality division
§ Managed portfolios of investments, locally as well as internationally
§ Conducted feasibility studies and due diligence for new ventures and
partnerships

General Manager at Al-Rashad Real Estate
  • United Arab Emirates
  • January 2004 to January 2011

My duties and responsibilities included
§ Land acquisitions, dealing with government and private sectors
§ Involved in architectural designs with value engineering
§ Developed marketing and advertising strategies in conjunction with
cash flow models
§ Trained sales team and established bi-lateral relationship with real
estate brokers locally and internationally
§ Prepared sales and purchase agreements, memorandum of
understanding for off plan as well as ready properties
§ Conducted meeting with contractors
§ Attended construction sites meeting between consultants and
contractors
§ Established and developed facilities management operation

Business Development at DAMAC Properties
  • United Arab Emirates
  • January 2006 to January 2008

Tunisia & Morocco
Reporting directly to the Chairman
§ Responsible for the expansion in North Africa.
§ Drafted and negotiated investment agreements that gives DAMAC
major advantages in terms of entering a foreign country and having
a strong existence as master developers for large scale projects.
§ Designed the implementation plan, taking into consideration the
financial, legal, social, economical, professional expertise as well as
logistics aspects.
§ Studied the Tunisian regime applicable to foreign as well as
domestic business, the tax policy, the laws concerning repatriation
of funds for foreign investors, the use of domestic and international
funds, the employment laws, the building and construction code,
the real estate laws and regulations, the government involvement
and contribution to such a large project, the governance of approval
from the cabinet, the house of representative and the presidential
palace.
§ Managed to overcome all obstacles and drafted the final contractual
agreement between DAMAC and the republic of Tunisia, while
securing DAMAC’s interest from all perspectives.

Advisor at N.Y. Est. for Managerial Services
  • United Arab Emirates
  • January 1988 to January 2004

§ Analyzed and assessed companies’ requirements and needs,
§ Evaluated available resources: Financial, labor-force, hardware &
software,
§ Proposed time action plan with various alternative scenarios,
§ Implemented approved plan and trained employees to adapt to the
changes.
§ Developed and negotiated fund raising campaign - debt and/or
equity.
§ Researched and assessed opportunities for business expansion and
integration.
Established and developed a financial brokerage firm,
§ Starting from registration and licensing with the authorities.
§ Arranging the relationship with banks in order to secure the
required guarantees and deposits.
§ Finding location of premises, decoration with furniture and fixtures.
§ Writing policies and procedures, including of individual job
description.
§ Procurement of IT hardware, software.
§ Developing in house software application for a combined watch and
trade in stocks and commodities.
§ Recruiting and hiring staff
§ Supervising the training sessions and the implementation process
§ Designed and implemented full marketing campaign from grand
opening event, website design, advertising and promotion... etc.
§ Conveying the whole set up to a general manager.
Serviced various industries:
§ Ship chandelling & Cold store management, designed and
implemented fully integrated computerized system to manage over
150, 000 items in stock, billing, receivables and payables, in addition
to human resources and payroll process.
§ Automotive spare parts master agencies covering the whole GCC,
designed and implemented stock management and logistics system
to handle over 500, 000 items for 22 various agencies.
§ Sweet factory, developed a production system linking the factory to
retail outlets.
§ Manufacturing and trading in footwear, established a factory in
Milano, Italy, to produce footwear and distribute the products all
around the GCC. Built and developed agency agreement for the
Middle East with the largest footwear producer in Italy. Established
and developed relationship with major suppliers of leather, soles,
cork, accessories and packaging.
§ Provided operation and marketing consultancy for an audio studio
recording and trading in audio tapes and cds firm, while promoting
various gulf and Middle Eastern writers, poets and musicians.
§ Designed and implemented a financial model for an interior
decorating and fit-out company.
§ Designed and implemented financial and operating model for mass
production of tailoring factory for gulf garments.
§ Designed and implemented a fully integrated system for a furniture
manufacturing and trading chain.
§ Other industries served: beauty salons, advertising and publishing,
and medical clinics.

Financial Controller at Falcon Express Cargo Airlines
  • United Arab Emirates
  • January 1995 to January 1998

Reporting to the director of finance and administration
My duties included the followings:
§ Developed and implemented fully computerized accounting systems.
§ Monitored and supervised the daily recording and bookkeeping of
the division.
§ Monitored and supervised billing and collection activities.
§ Monitored and supervised payable activities.
§ Verified and reconciled accounts with both suppliers as well
customers.
§ Supervised spare parts management system for consumable and
rotable.
§ Supervised all aircrafts maintenance and certification related
activities.
§ Prepared budget and cash flow reports and forecast analysis on
periodic basis.
§ Generated and presented to the board of directors several
computerized managerial reports and provided analytical
clarification and justification related to the changes in the frequency
of the operation.
§ Conducted semi-annually and yearly audit with Coopers Lybrand
Kuwait, providing individual and consolidated financial statement of
the Falcon Group.
§ Involved in conducting a due diligence with Arthur Andersen
resulting

Director of Finance at partnership between Falcon Express Cargo Airlines and a large Saudi Arabian Group
  • United Arab Emirates
  • January 1992 to January 1995

Reporting directly to the partners
My duties included the followings:
§ Developed and implemented fully computerized accounting systems
§ Monitored and supervised the daily recording and bookkeeping of all
divisions
§ Monitored and supervised billing and collection activities
§ Monitored and supervised payable activities
§ Successfully negotiated and enforced contractual agreements with
clients as well as suppliers
§ Established and developed relationship with local as well as
international banks
§ Verified and reconciled accounts with both suppliers as well as
customers
§ Prepared budget and cash flow reports and forecast analysis on
periodic basis
§ Conducted yearly audit with BKM Auditors providing individual and
consolidated financial statement of the group

at Banque Paribas
  • United Arab Emirates
  • January 1990 to January 1992
Assistant Manager at Chatfield Dean & Associates, Denver, CO
  • United Arab Emirates
  • January 1988 to January 1989
Finance & Sales at Mark Toyota & Volvo, Denver, CO
  • United Arab Emirates
  • January 1986 to January 1988

Education

High school or equivalent, Accounting and Finance
  • at University of WollongongAmerican University of Sharjah
  • January 1999

,

High school or equivalent, Accounting and Finance
  • at University of WollongongAmerican University of Sharjah
  • January 1999

,

High school or equivalent, Accounting and Finance
  • at American University
  • January 1999

Master's degree, Finance & Accounting
  • at University of Colorado
  • January 1990

Bachelor's degree, Finance & Accounting
  • at Beirut University College
  • January 1986

Specialties & Skills

Due Diligence
Securities
Project Plans
Real Estate
Investments
ADVERTISING
ASSETS RECOVERY
AUTOMOTIVE
BILLING
CASH FLOW
COMMODITIES
COMPUTER HARDWARE
DUE DILIGENCE
EQUITIES

Languages

Arabic
Expert
English
Expert
French
Expert