Umar Aqeel Email & Phone Number

Saudi Arabia

• Oversees a business's day-to-day financial operations. • Responsible for accounting function, budget, and taxation.• Working closely with senior management on financial decision making

Al-Riyadh Governorate, Saudi Arabia

After coming back from STCS to STC, I have been leading IFRS convergence in STC from gap analysis till implementation of new standards as IFRS Convergence Team Leader. The latest of the project was adoption of IFRS 15 (mainly addressing Revenue Recognition).Among other tasks, this includes periodic reports to Senior Management including Audit Committee.

Al-Riyadh Governorate, Saudi Arabia

Back to STC after managing the Finance Funtion of TCIL and part of advisory for special projects:• Accounting for Towers’ carve out of STC Group Companies.• Restructuring of functional currencies of subsidiaries,• Accounting for divestment of STC Group Companies.

Riyadh, Saudi Arabia

Seconded to STC Solutions (STCS), wholly owned subsidiary of STC, for one year with a task to Establish internal audit department as Head of Internal Audit reporting directly to Audit Committee.During tenure of my assignment successfully achieved the following targets:• Established internal audit department.• Front runner for Risk assessment process and preparation of the yearly risk based internal audit plan • Preparation of reports for the Audit Committee on findings, analysis, appraisals and recommendations regarding the reviewed activities.• Planning, assigning, directing, and reviewing subordinate auditors work

Al-Riyadh Governorate, Saudi Arabia

Seconded to a newly incorporated wholly owned subsidiary of STC, namely Telecom Commercial Investment Company, as Head of Finance and performed the following:• Project appraisal and feasibility reports for new projects • Managed the Finance function to ensure compliance with policies, local statutory and IFRS /GAAP reporting requirement• Ensure that the group’s financial processes, policies and internal control systems will deliver accurate group reporting• Supervise Working capital & cost management project control, CAPEX funding, financial department reorganization.• Develop strong working relationships with the group's auditors• Management accounts / budgets / forecasts/ Statutory Accounts

• Review subsidiaries’ performance using financial KPIs and reporting thereon.• Acquisitions (liaise with consultants on Financial DD, purchase price allocation (PPA), DCF, review/ draft of financial reporting section of shareholders’ agreements). • Remedies on accounting issues including interpretations & compliance of International Financial Reporting Standards (IFRS).• Accounting and Financial management (tax, audit etc) of special purpose companies.

Pakistan & Saudi Arabia