Farooq Syed Email & Phone Number

Kuwait

Kuwait

As a member of the Protiviti's Transaction Advisory Services ("TAS") team, I wear multiple hats. Apart from overseeing the day-to-day operations of our transaction services, I am also the Chief Human Resource Officer and Coordinator for Learning and Development for TAS. In this role, I manage and enhance the department's human resources function, including talent acquisition, performance management, employee relations, and learning and development initiatives. I believe that investing in our people is crucial to delivering exceptional results for our clients, and my focus on continuous improvement and development reflects in the success of our team's projects and client engagements. At Protiviti, we work with a diverse set of clients across industries, and I am proud to support our team's efforts to provide tailored solutions that help our clients achieve their strategic goals.

As an independent financial consultant, I provide financial consultancy to my clients for merger and acquisition, budgeting & forecasting, financial modeling/analysis/plans, cost analysis, MIS reporting, development of policies and procedures, and business transformation/restructuring to optimize output and match skills to job profiles. The role requires conscious listening, critical reasoning skills, and efficacious communication to bring all stakeholders on one page and productively find a way forward.

Kuwait

A newly established financial advisory firm providing professional & business consultancy, financial and accounting solutions, including bookkeeping & accounting services along with any related financial advisory services to myriad of clients.

A boutique advisory firm, specializing in investigative financial services, where I head the financial consultancy department. Sedra is catering needs of some of the largest groups in the MENA & GCC regions assisting them in investigative financial consultancy from forensic accounting to corporate due diligence to damage valuation.

United Arab Emirates

A full Service Contract Research Organization (CRO) headquartered in Dubai Health Care City with operations all over middle east. Managing this company on behalf of KLSC and acting as a director, advising on financial and divestment matters, including multiple completed follow up rounds and partial buyouts. As director advised on financial matters of the company guiding a loss making company towards breakeven. (https://clinart.net/)

United Arab Emirates

As chairman, under my guidance, Ecore grew in revenue from 11 million USD to 27 million USD in 4 years and expanded from 2 to 4 countries.Ecore Mena, previously known as Maskem in UAE and Egypt is a specialty ingredients distribution company with now offices in UAE, KSA, South Africa and Cairo covering the markets of the GCC and Africa. Ecore represents many reputable multinational producers of industrial and specialty chemicals, offering their services as a “one stop shop” that can provide a full product portfolio based on high quality and service standards. Ecore is managed by experienced professionals with successful track record from multinational chemical distribution companies. (www.ecoremena.net)

Kuwait

KLSC a technology transfer/venture capital company, is an indirect subsidiary of Kuwait Investment Authority (sovereign wealth fund of Kuwait and one of the largest sovereign wealth fund in region) and is involved in introducing new healthcare technologies in the region. Responsible for evaluating new investment opportunities/funds and management of current investments of KLSC, reporting directly to CEO. Managed:- Clinart Mena Ltd: A full service Contract Research Organization (CRO) headquartered in Dubai Health Care City with operations all over middle east. Acting as a director, advised on all financial matters of the company including but not limited to audit, setting up of finance department and overseeing any and all other finance related matters, bringing the company to break-even and divestment. - Ecore Mena Ltd: Specialty ingredients distribution company catering needs of various industries. As chairman of the company, under my guidance, setup and oversaw the finance department, Ecore grew in revenue from 11 million USD to 27 million USD in 4 years and expanded from 2 to 4 countries with now offices in UAE, KSA, South Africa and Cairo covering the markets of the GCC and Africa. - Other managed investments include: - Quanta Dialysis Technologies: a pioneering medical devices company, developing advanced hemodialysis systems for use in the home and clinic. - Supersonic Imagine: Supersonic develops and manufactures ultrasound medical imaging systems for evaluating and visualizing tissue elasticity. - Median Technologies: Median Technologies provides innovative imaging solutions and services to advance healthcare for everyone. - New leaf venture III: US based healthcare venture capital fund with investment in biopharmaceuticals, information Convergence & medical devices. - Wellington Partners III, IV: leading European venture capital fund(s) investing in early- and growth-stage Life Science companies.

Kuwait

Feasibility & Forecasting Review Assisted major clients establishing funds. With back ground in multiple sectors (power, real estate, telecom, manufacturing and education sector etc.) developed complex feasibility models with multiple scenarios, simulations and stress analysis. Major roles in assignments included development of projections; optimal capital structuring; assessment of key performance & feasibility indicators. ValuationsLed several valuation assignments for major investment companies in Kuwait and internationally for merger & acquisition, business sale and financial reporting. Conducted various assignments for valuation of businesses, equities and intangible assets. Developed complex valuation models, taking into account expected variables and synergies with different valuation methodologies like, Discounted Cash Flow (Free Cash Flow and Dividend Discount Models), Relative Valuation Techniques (P/E, P/BV, P/S, P/CF, EV/EBIT etc.), and other best practiced techniques & analyses. Due Diligence & Fairness During the career at Protiviti, Delloite and Grant Thornton, has been actively involved in high profiled due diligences assignments. Conducted several buy and sell side due diligence for major clients in Kuwait and emerging markets. Has been part of major audit assignments from functional to managerial level, gaining an overall exposure to all facets of core assurance engagements. Transaction AdvisoryHave been extensively involved in major transaction advisory assignments of IPOs, Private Placement, capital increase and rights issues for which developed financial models, valued the issue, prepared information & teaser memoranda and prospectuses, handled placements and compiled all required documents. Majorly involved in sell and buy side advisory in which developed the financial models, conducted valuation, negotiated the offer price and terms & conditions, and developed sale, purchase and shareholder agreement documents etc.

Bridge Factor (Pvt.) Ltd. (BF), Pakistan a business strategy and corporate advisory company which maintains a strategic business alliance with KPMG Pakistan.Provided Commercial Advisory Services to some of the major groups in Pakistan (Tapal, Sardar and Fauji etc.). The said advisory included a complete package solution for the client from conception to necessary approvals from Government (Letter of Support, Implementation Agreement, Power Purchase Agreement, Energy Purchase Agreement,) to arranging financing Developed complex power and telecom sector Financial and Tariff models. These models formed the basis of detailed tariff petition and determination.Developed financial models and Investors Memorandum which formed the basis for financing (both syndicated and individual bank financing), from some of most prestigious banks in Pakistan and internationally, including but not limited to Askari bank of Pakistan and International Finance corporation etc. Conducted detailed Feasibility Analysis for potential investors/partners in power and telecom sector.Development of Information Memorandums and Concept Papers for submission to financial institutions for arrangement of project financing, LC’s, bank guarantees etc;Development of Security documents including but not limited to power, telecom and real estate sectors (Implementation Agreement, Power Purchase Agreement, Energy Purchase Agreement etc.) Inward Investment Advisory to foreign investors, these including advise on financial, legal and corporate framework to be adopted by foreign investors in Pakistan.Transaction Structuring. As a manager led the team and managed client relationship

Pakistan

Financial advisory for development of complex Financial and Feasibility Models for some of the major clients in Pakistan, in manufacturing sector. The said feasibilities included point forward and complete cycle analysis with regard to the viability of the projects;Provided financial and transaction advisory services for Valuation and Diligence for some of the major public sector organizations in Pakistan. The services provided were in form of a complete package, starting from due diligence (for Sell side advisory) of the target entity, to valuation, development of Information/Investors Memorandum, identification of prospective buyers, conducting road shows and presentations with development of replies to queries to interested prospective investors;The scope was limited to only due diligence, valuation and presentation to interested investor in buy side due diligences. Conducted viability/liquidity analysis for major banks in Pakistan for syndicated and individual financing for clientsTransaction Structuring including development of appropriate financial and corporate framework for clients;Financial analysis and budgeting for several high profile clients in real estate sector;Numerous Valuations of public sector organization for Privatization Purpose Assurance assignments including but not limited to statutory audits, half yearly reviews, internal audits and investigative audits; andAs a supervisor, responsibilities included task allocation to subordinate staff and capacity building of new joiners.