Wael Badawi CPA and CMA

Overview:
Appointed as a Chief Financial Officer (CFO) to lead and establish the financial strategy, governance, and operational frameworks of the Company. Focused on building financial systems, securing funding for the investments, and supporting executive management in strategic initiatives.

Core Responsibilities:
• Leading the finance function, covering financial reporting, treasury, budgeting, tax compliance, and audit.
• Establishing financial controls, governance, and risk management frameworks.
• Working with the treasury team and working with banks to obtain new bank facilities.
• Developing financial planning models to support the company and its operational growth.
• Collaborating closely with executive management on strategic financial matters.
• Ensuring compliance with the Saudi regulations and IFRS standards.
• Working closely with the subsidiaries and associates to achieve the overall goals

• Oversaw consolidated financial reporting and analysis for BOD
presentations.
• Led finance, treasury, and accounting teams across multiple regions.
• Directed tax compliance (Zakat, VAT) and regulatory reporting.
• Evaluated investments, conducted due diligence, and presented insights.
• Managed budgeting across entities and group-level financing.

• Conducted strategic and technical reviews to ensure compliance
with quality control standards, schedule constraints, and budget
parameters, driving operational excellence in audit engagements.
• Trained and mentored departmental staff on policies and
procedures, fostering a strong foundation for client development
and enhancing service delivery.
• Engaged with clients to identify cross-selling and upselling
opportunities, significantly contributing to business generation and
client acquisition efforts.
• Managed and supervised external audit engagements for a diverse
range of clients, ensuring adherence to audit standards and
timelines.
• Reviewed audit work papers prepared by the audit team, delivering
comprehensive findings and recommendations to the respective
partner.
• Communicated audit findings and recommendations to partners
and senior management, facilitating informed decision-making and
risk management.
• Participated in meetings to identify risk and control findings,
contributing to the overall effectiveness of audit processes.
• Developed audit schedules and budgets in collaboration with senior
team members, optimizing resource allocation and project
management.
• Delivered tailored services to a variety of clients, gaining insights
into their unique business issues and financial needs.
• Engaged in non-audit assurance activities, including agreed-upon
procedures, compilation engagements, and financial statement
reviews, broadening service offerings.

• Led financial reporting, budgeting, and forecasting for the group.
• Consolidated reports and ensured timely closings.
• Analyzed key metrics including revenue, cash flow, and expenditures.
• Designed report templates and ensured compliance with standards.

• Conducted comprehensive financial and compliance audits,
ensuring adherence to regulatory standards and internal controls.
• Performed analytical procedures to detect unusual financial
relationships, enhancing the accuracy and reliability of financial
statements.
• Planned and conducted internal control assessments and
substantive testing, contributing to the overall audit strategy.
• Identified and communicated key accounting and audit issues to
senior management, facilitating timely resolution.
• Documented audit procedures and maintained cross-referenced
work papers, ensuring audit consistency and clarity.
• Prepared management representation letters, provided
recommendations, and drafted audit reports for management
review.
• Reconciled general ledger accounts, including cash, accounts
receivable, and accounts payable, ensuring accuracy and
completeness.
• Analyzed financial information, detailing assets, liabilities, and
capital to provide comprehensive insights.
• Prepared consolidated financial statements, providing a clear
overview of the groups financial position.