Oversee the various services we provide at VFM, which include providing consulting, assurance, due diligence services, accounts outsourcing, bookkeeping & payroll services, advisory and actuarial valuations. We specialize in IFRS convergence and compliance requirements for companies based in Saudi Arabia

A Stainless Steel Pipes manufacturing company located in Riyadh, Saudi Arabia owned jointly by OSTP Sweden AB (51%) and Al-Hejailan Project Engineering (49%). With a production capacity of 9,600 metric ton/annum. Achievements:- Overseeing financial control and financial strategies to improve operating results and the retained earnings or to reduce accumulated losses of the company which currently stands at beyond 50% of Share capital: This is new project which achieved EBITDA… Show more A Stainless Steel Pipes manufacturing company located in Riyadh, Saudi Arabia owned jointly by OSTP Sweden AB (51%) and Al-Hejailan Project Engineering (49%). With a production capacity of 9,600 metric ton/annum. Achievements:- Overseeing financial control and financial strategies to improve operating results and the retained earnings or to reduce accumulated losses of the company which currently stands at beyond 50% of Share capital: This is new project which achieved EBITDA profit only this year and this a capital incentive project, the amortization of Fixed assets is very high and projecting to beat with a positive EBT by end of 2017.- Developed and implemented comprehensive monthly, quarterly and yearly financial reporting.- Working with operating management to developed performance standards, operating budgets, profit plans and cash flow forecasts.- Closing coordinating with the supply chain management to ensure optimum flow of materials for production and sales and then to operate on minim stock level to improve the liquidity issues.- Established desk-top, ad hock financial procedures, controls to control the Receivable and collection.- Formulated and implemented a complete and comprehensive costing system to properly capture cost in different types of products in general, job costing for specific orders, under absorption cost concept and Demonstrated expertise in digitalising the costing system- Closely working and liaising with the financiers (SIDF), auditors (KPMG) and lawyers (Abdulaziz & Fahd) in order for the smooth operation and required information/data flow. Show less

A chemical manufacturing company owned by Al-Hejailan Project Engineering and Saudi Venture Development Company. With a production capacity of 24,000 metric ton. It is a leading supplier of specialty water solutions to the industrial water treatment & desalination industries.Director Finance and Business SupportsResponsible for the Developing and implementing procedures, Business strategy & financial targets to support growth with efficient Financial control functions, Business… Show more A chemical manufacturing company owned by Al-Hejailan Project Engineering and Saudi Venture Development Company. With a production capacity of 24,000 metric ton. It is a leading supplier of specialty water solutions to the industrial water treatment & desalination industries.Director Finance and Business SupportsResponsible for the Developing and implementing procedures, Business strategy & financial targets to support growth with efficient Financial control functions, Business planning/strategies, tax, treasury operations, risk management and development of internal audits. Achievements:- Overseeing financial control and financial strategies resulted in: shaping the retained earnings/reserves to 260% of actual investment per the last monthly closing; Partners’ loans paid-off in full; SIDF loan repayment per the schedule; leverage and current ratios maintain at 54%; 188% respectively. - Developed and implemented monthly, quarterly and yearly financial reporting.- Working with operating management to developed performance standards, operating budgets, profit plans and cash flow forecasts.- Increased company’s liquidity through stringent treasury functions and efficient cost control.- Established desk-top, ad hock financial procedures, controls and reporting methodology to effectively and efficiently monitor the progress leading to production upon completion of capital project and commissioning of the plant.- Involve in cost related manufacturing processes such as efficient cost allocation, documentation associated with business activities, develop proper routing for cost buckets in the ERP system and established and implemented cost standards. Additionally, identified and derive number of cost saving initiatives which increased the bottom line results.- Secured a Finance Assistance of 50% of Capital cost and working capital to commence this project.- Oversaw the progress of this company being the CFO of Saudi Venture Development Company Show less

Responsible for all controller functions, corporate and business planning, liaise senior management to ensure financial and operational practices are conducted efficiently and ethically. In addition functioning as chief information officer on an interim basis until a suitable candidate is selected. Achievements:- Conducted financial analysis and feasibility studies for new projects.- Reviews of compliance with the Company’s significant policies and procedures.-… Show more Responsible for all controller functions, corporate and business planning, liaise senior management to ensure financial and operational practices are conducted efficiently and ethically. In addition functioning as chief information officer on an interim basis until a suitable candidate is selected. Achievements:- Conducted financial analysis and feasibility studies for new projects.- Reviews of compliance with the Company’s significant policies and procedures.- Formulated recommendations to management for improvement in, or correction of, inefficient practices and procedures.- Instituted and oversaw special investigations as needed.- Acted as a consultant and advisor to assist in solving problems and providing specialised assistance. Show less

Manufacturer of Military Equipment - Formerly part of FMC Corporation (US Public Company)Working directly with Chief Financial Officer (CFO) and Project Managers on all aspects of the business activities. Responsible for Pricing Proposal, contract preparation and negotiations, project profitability and cost control. Monitoring business plan and providing support to department managers in developing budgets. Responsible for financial reporting, cash flow, planning and budgeting, payroll… Show more Manufacturer of Military Equipment - Formerly part of FMC Corporation (US Public Company)Working directly with Chief Financial Officer (CFO) and Project Managers on all aspects of the business activities. Responsible for Pricing Proposal, contract preparation and negotiations, project profitability and cost control. Monitoring business plan and providing support to department managers in developing budgets. Responsible for financial reporting, cash flow, planning and budgeting, payroll and timekeeping functions, and banking relations. Responsible for all audits, (U.S. Government, External and Internal Auditors and Saudi Tax Audits).Achievements:- As a key player of the management team, successfully started the project from ground zero to operating and production mode of this highly sophisticated facility including implementation of WDS ERP package. - Developed and implemented automated accounting system to efficiently manage processing and documentation of all financial data. Applied broad knowledge of computer systems in developing and implementing automated system to increase the accuracy and the efficiency.- Consistently met or exceeded all established standards for timely and accurate reporting.- Developed and implemented procedures and policies in financial and operational areas of this new start-up operation (production forms, work orders, time and attendance, material control, etc.)- Developed user procedures and training material, and implemented organizational and internal control system.- Participated and supported in successful negotiations of many contracts with the U.S. Government. Show less

Fully responsible for all financial planning, forecasting and reporting of Riyadh Refinery.Achievements:- Perform studies and analyses in cost control and general financial reporting associated with refining and work-over budgets.- Provide expert advice and guidance on complex financial problems to Finance Director.- Prepare summaries and analyses of capital programs, operating expenditures, and business plans. - Review relevant company financial… Show more Fully responsible for all financial planning, forecasting and reporting of Riyadh Refinery.Achievements:- Perform studies and analyses in cost control and general financial reporting associated with refining and work-over budgets.- Provide expert advice and guidance on complex financial problems to Finance Director.- Prepare summaries and analyses of capital programs, operating expenditures, and business plans. - Review relevant company financial guidelines and provide guidance for compliance. Perform other accounting and reporting functions related to capital budgets. Show less

A company engaged in the business of Poultry, producer of chicken feed and Poultry breeding operation.Working directly with CEO on all aspects of the business planning, Pricing Proposal, contract preparation and negotiations, project profitability and cost control. Monitoring business plan, providing support to divisional managers in developing budgets, and forecast. Responsible for financial reporting, cash flow, planning and budgeting, payroll and timekeeping functions, and banking… Show more A company engaged in the business of Poultry, producer of chicken feed and Poultry breeding operation.Working directly with CEO on all aspects of the business planning, Pricing Proposal, contract preparation and negotiations, project profitability and cost control. Monitoring business plan, providing support to divisional managers in developing budgets, and forecast. Responsible for financial reporting, cash flow, planning and budgeting, payroll and timekeeping functions, and banking relations. Responsible for financial audits of the company as whole.Achievements:- Developed computer based accounting package, thus reducing the reporting deadline from 2 weeks to 5 days following a completion of the month. - Developed and implemented automated accounting policies & procedures. Show less

A company a subsidiary of Royal Nedlloyd BV, Netherlands and is engaged in heavy haulage, erection and specialized transportation of heavy machinery equipment.As a key member of management, was involved in strategic planning, finance and administrative decisions. Direct liaison with the owners and board members on operational and management issues. Developed business plans, forecasting and communications with the Principals. Managed banking relationship in multi-currency… Show more A company a subsidiary of Royal Nedlloyd BV, Netherlands and is engaged in heavy haulage, erection and specialized transportation of heavy machinery equipment.As a key member of management, was involved in strategic planning, finance and administrative decisions. Direct liaison with the owners and board members on operational and management issues. Developed business plans, forecasting and communications with the Principals. Managed banking relationship in multi-currency dealings.Achievements:- Developed and implemented policies and procedures in operational and financial areas.- Designed and implemented management information and reporting system- Established and implemented internal control system over inventories, which resulted in minimization of operational losses and shortages. - Assisted management in restructuring the departments, which resulted in cost efficiencies. Show less

Achievements:- Planning and directing audits of public and private sectors, including local and international manufacturing, trading and investment companies. - Provided consulting services in the area of taxation, information technology and financial systems management, and financial planning.

Achievements:- Completed financial due diligence in acquisition and divestiture situations. - Participated in company valuation in turnaround and capital restructuring situations.