Wissam Farhat Email and Phone Number
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24 years of experience as a Leader in Management, commercial, entrepreneurship and financial, I embarked on my career with consulting at Big 4 firms in the Middle East and Africa. From there, I ascended to executive roles, serving as CFO for Zain KSA, a publicly listed company in Saudi Arabia, and later as the Global CEO for MSI Consultancy and Technologies. As the Co-founder and Director of Dbuz Tech, a forefront startup offering cutting-edge technology solutions for CFOs and CEOs, and also at ProSmarts, where I lead a specialized financial team focused on tech sector investments and acquisitions.My expertise lies in developing and executing strategic vision, providing commercial and financial leadership, engaging diverse stakeholders, and leveraging financial acumen for sustainable growth. With a global perspective acquired through roles spanning telecommunications, software, and oil & gas industries across Africa, APAC, Europe, and the Middle East, my professional identity is marked by accomplished entrepreneurship and innovation. I empower teams, driving impactful improvements to boost revenue and profitability.
Digitus_Group
View- Website:
- DigitusG.com
- Employees:
- 68
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Group Chief Financial And Transformation Officer And Ceo SaudiDigitus_GroupKuwait City, Al Asimah Governate, Kw -
Group Chief Financial & Transformation OfficerHayat Communications Sep 2024 - PresentKuwait -
Co-Founder And DirectorDbuz Tech Jan 2023 - PresentNicosia, Cyprus -
Co-Founder And DirectorProsmarts Sep 2022 - PresentNicosia, CyprusProSmartS goes further than being technology solutions specialist, to create a team of specialized financial experts whom can be the perfect partner to venture with to the world of investment and acquisitions in technology. -
AdvisorMobile Systems International (Msiuk) Dec 2021 - Present -
Group CeoMobile Systems International (Msi) Consultancy Ltd Feb 2017 - Dec 2021London, United KingdomMSI is headquartered in the UK and offers professional and consultancy services to mobile operators, regulators and investors worldwide, including network evolution, spectrum harmonisation, network automation and analytics, IoT, connected living, network security, private and government networks• Recruited to lead a major overhaul of strategy and services to drive expansion.• Also acted as Financial Advisor to the Chairman of the Modern Technology Company: a telecoms and medical services provider. Led Finance and Investment divisions. • Led the organisation with 500 employees (mostly engineers) based worldwide.• Developed / implemented commercial strategy; a new business model and different / larger services portfolio.• Set-up new R&D practice to focus on Mixed Reality, Business Process Automation, Chat Bots, AI and other new technologies.• Successfully expanded the business in APAC, Europe and the Middle East (12 additional countries).• Devised / implemented new policies / procedures for Finance, HR, Logistics, Procurement and Admin across 15 countries.• Introduced new franchising /partnership model which has had a major impact on revenue / profit.• Established new Technology Division; won major Business Process Automation contract.• Standardized reporting to ensure consistency across the group and compliance with relevant reporting, stock exchange and tax authorities. Also manages reporting and taxes for APAC, Europe and the ME.• Improved branding and social media engagement.• Won major contracts, significantly increased annual revenue, turned the company from losses to profit and drove large increase in company value. -
Chief Financial OfficerZain Dec 2012 - Jan 2017Saudi ArabiaZain ksa is a Leading publicly listed mobile operator in KSA with 12m subscribers, 2bn USD turnover and 2500 employees • Member of the Executive Management Team - led on finance and strategy.• Led finance with 120 employees. Oversaw strategy development, financial accounting, planning & budgeting, revenue assurance, fraud management, procurement, asset management, investor relations, financial reviews, evaluation of opportunities, corporate governance and financial policies.• Improved and automated finance processes to achieve better control, compliance, quality and speed.• Significantly improved cash-flow and drove financial restructuring exercises with lenders.• Successfully promoted a culture of reward, innovation, recognition and excellence.• Improved cross-functional understanding by introducing a rotation of directors through each department.• Liaised with external auditors, market authorities and solved a variety of financial reporting and compliance issues - joined with four qualifications on the external audit report and left the company with none.• Created new Fixed Assets Register which resulted in better assets custody and capitalization control, and reduced depreciation costs.• Architected solutions to optimize taxes and license fees.• Key part of team that negotiated best deal structure, commercial and payment terms for major capital expenditure. Renegotiated prices for various third-party products / services.• Approved new commercial products pricing framework; ensured sound gross margins and profitability.• Managed relationships with analysts / investors - resulted in positive and “buy” notices. -
Global Vp Finance And AdminMobile Systems International (Msi) Consultancy Ltd Nov 2009 - Dec 2012Global• Established new Finance & Accounting, Tax, Logistics, Procurement, Administration, HR and Legal departments across 15 countries in Africa, Asia, Europe and the Middle East. This included recruitment, training and new policies and procedures.• Played a key role in the development of new strategy and plans across all operations in 15 countries.• Re-engineered Finance; recruited new staff, rolled-out new software and streamlined processes.• Implemented appropriate corporate governance and a new legal structure to ensure transparent ownership relationships, efficient decision-making and optimal tax structure.• Monitored project profitability and enhanced profits by cost control / a new profit-sharing scheme -
Senior ManagerDeloitte & Touche Apr 2007 - Oct 2009• Started in Dubai as Enterprise Risk Services Manager and promoted to Senior Manager, leading the Risk Services Practice in Qatar – recruited and led a team of 20 consultants providing Corporate Risk Advisory Services across the Gulf Region. Also acted as CFO for Sama Dubai (Doha’s Dubai Tower Project).• Grew the Qatar team from four to 20 consultants in one year.• Created new industry teams in Automotive, Contracting & Development, Luxury & Fashion, and Oil & Gas. Increased revenues and won 25 new accounts. -
ManagerPwc Jan 2004 - Feb 2007Angola/Saudi ArabiaFinancial Audit with a speciality on oil&gas (upstream, downstream and middle stream), SoX and IFRS organization compliance; During my work with PWC, I was managing the financial audit of Chevron, Saudi Aramco, Exxon Mobil, Eni Saipem, Petromar, Panalpina, and Global Santa Fe; Also, I covered many other industries; such as, Mining, automotive, banking, insurance and trading. -
Senior ConsultantArthur Andersen 2000 - 2003
Wissam Farhat Skills
Wissam Farhat Education Details
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Leadership -
Leadership -
AccaIfrs -
Finance & Banking
Frequently Asked Questions about Wissam Farhat
What company does Wissam Farhat work for?
Wissam Farhat works for Digitus_group
What is Wissam Farhat's role at the current company?
Wissam Farhat's current role is Group Chief Financial and Transformation Officer and CEO Saudi.
What is Wissam Farhat's email address?
Wissam Farhat's email address is wi****@****ail.com
What schools did Wissam Farhat attend?
Wissam Farhat attended Harvard Business School, Harvard Business School, Acca, Lebanese American University.
What are some of Wissam Farhat's interests?
Wissam Farhat has interest in New Technologies, Football, Socializing And Travel.
What skills is Wissam Farhat known for?
Wissam Farhat has skills like Accounting, Policy, Internal Audit, Risk Management, Risk Assessment, Ifrs, Tax, Internal Controls, Audit, External Audit, Financial Accounting, Financial Reporting.
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1gmail.com
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Wissam Farhat
Kenilworth, Nj1merck.com -
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Wissam Farhat
United Arab Emirates
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