Ibrahim Abu Fara

Address: Jeddah , Saudi Arabia

E-mail: [email protected]
Mobile: +966562819393

FINANCE EXECUTIVE / DIRECTOR

A seasoned finance veteran, owning 3 decades of exponential experience in owning and shaping finance vision
and strategy whilst driving financial planning and control, business analysis and development, budgeting, cost
control principles & process optimization.
Commanding financial operations and activities at national level to achieve short term and long-term strategic
objectives as well as ensuring safe, compliance and accurate reporting.

Core Competencies Executive Synopsis

 Finance Vision and Strategy  Mastered driving the overall financial strategy/ stewardship and
 Financial Analysis & Modelling providing commercial insight and business intelligence thereby
 Financial/Mgmt. Reporting maximizing shareholder value
 Policy Design & Implementation  Financial Analyst: Known for bringing unrivalled analytic horsepower
 Risk Management
and strategic thinking to business. Empowering decision making for
 Audit Management/Compliance
 Cost Control Champion
business leaders. Uncovering critical business insights that impact
 Fundraising Advisor key decisions.
 Capital Structure  Upheld accounting and business policies, ensured compliance and
 Cash-Flow improved audit rating outcomes.
 CAPEX/ OPEX Budgeting  Championed implementing next-generation finance technology, re-
 Credit Management engineering processes and fostering a culture of continuous
 ERP/ SAP Implementation improvement to achieve productivity goals.
 Dynamic Analytical Reporting  People manager- high-impact leader, building high-performing
 Team-Management multi-disciplinary teams, highly adaptive to changes in operational
 Leadership
conditions.
Professional Experience
Finance Manager Oct 2021 – Present
ARRAB ALSHARQ Co. Ltd.– Jeddah Saudi Arabia , KSA
Resourceful Financial Manager with 20 years of experience in the field. Successfully managed Financing of Small-
scale projects.
Skilled in risk management. Looking for a posi on that could make me 1% be er as a professional every new day.
Accomplishments:
ARRAB ALSHARQ Co. Ltd Construction Company that builds commercial and residential buildings.
- Managed day-to-day operations of the Finance Department for a commercial construction company
- Prepare funding process for development projects.
- Preparation of feasibility studies with assistance
- Control and Manage Cash Management
- Managed monthly forecast to ensure proper planning and 100% accuracy for departmental expenditures.
- Manage Banking Relationship

National Finance Manager Oct 2015 – Oct 2021

TAAM Construction & Development Co. Ltd – Al-Khobar Saudi Arabia (Sumou Holding Co), KSA
Sumou Holding is a world-class institutional investor catalyzing growth in business sectors strategically important
to local and global economy. TAAM, a subsidiary of Sumou Holding, is a leading contracting company of specialized
building products in Makkah, Damma, Jeddah and Riyadh.
Accomplishments:
- Creation of All aspects of financial planning, budgeting, and forecasting and provided analysis.
- Provide commercial support, and management information to senior finance, board, and operational
stakeholders to support business decision-making.
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 - Providing advice and assistance in establishing a financing fund for the Dhahait Sumou project in Makkah
Al-Mukarramah.
- Managing the contractual relationship with the Dhahait Sumou project financing fund.
- Participation in the planning and implementation of integrated information systems Oracle in Sumou
Holding Group and sister companies
- Preparation of feasibility studies with assistance
- Control and Manage Cash Management
- Managed monthly forecast to ensure proper planning and 100% accuracy for departmental expenditures.
Responsibilities:
 Commanding all aspects of the financial functions / operations in Saudi Arabia. Providing on-going financial
executive leadership, owning financial reporting, forecasting and modeling, development of financial and
accounting policies/systems, adequate financial planning and control, and accurate and timely preparation of
financial accounting statements and management reports.
 Reporting to: Vice President Finance & Managing Director
 Administering the credit department, preparing periodic financial reports for the Board of Directors along with
comments/recommendations of financial department to ensure appropriate decisions are taken.
 Risk Advisory Subject matter expert, successfully mitigated financial risks through periodic review for collecting
from customers procedures, receiving/dispensing from inventory and cash policies for purchases and suppliers.
 Establishing a value-added tax system, developing solutions to tax problems by auditing external accounts and
enforcing legal compliance with tax decisions.
 Supporting financial excellence by organizing agreements for real estate investment funds and their banking
relationships.
 Heading a team of Direct Reports: Financial Accountant, Accounts Clerk, Indirect Report: Purchasing Officer,
provided leadership through a combination of empowerment and coaching with the objective of encouraging
staff development and elevating team performance.

Finance Manager 2005 - 2015

Specialized Projects Co. Ltd (SPC) Ready Mix & Contracting Co.
SPC is a distinct company in government and private sector projects for buildings and villas. It is considered one of
the distinguished companies in the ready-mix concrete sector - 3 plants with an output capacity of 380m3/hour.
And it has crusher plant with an output capacity of over 3,000m3/day
Accomplishments:
 Instrumental in designing and establishing a financial structure for governmental projects as well as securing
funding from local banks to the tune of SR 120 M.
 Evolved with technology, implemented information system across the Group, which led to raising the efficiency
of the ready-mixed concrete ac vity and increasing its compe veness by 25% annually, and also led to a
reduc on Opera ng costs in the contrac ng sector at a rate of no less than 18% annually.
 Developed and implemented pricing and seller incentives for ready-mix concrete sector for specialized projects.
 Conducted in-depth studies to attract foreign companies to the local market in the ready-mix concrete sector.
 Served as a value-added business partner & challenger, provided financial planning and decision support to
business stakeholders. Established long-term budgets and growth forecasts and developed four-year high-level
business strategy and presented it to the Board of Directors to obtain approval.
Responsibilities:
 Established complete corporate finance architecture, created financial blueprint and aided in achieving
company’s robust goals.
 Collated periodic financial reports for the Board of Directors. Reported to Finance Director & Managing Director.
 Developed cash flows through the use of working capital control tools, and developed a culture of accounting
principles by setting foundations for performance measurement. Reviewed, evaluated and discussed plan-
related issues with the aim of maximizing returns on investment against agreed upon objectives.
 Optimized working capital efficiency by increasing the purchasing proficiency while maintaining the optimal
stock through cooperation with the sales and collection teams.

PREVIOUS PROFESSIONAL EXPERIENCES:

 May 1991 – Nov 2005: Senior Accountant, Chief Accountant Abdul Latif Jameel Co.
 MMYY – MMYY: Accountant, Al-Gosaibi Money Exchange

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Education
 Bachelor of Accoun ng Degree, Tanta University, Egypt, 1989
 Certified Management Accountant (CMA), 2013
 Performance Management (BSC) Course, KSA, Nov 2006

Personal Information
 Nationality: Jordanian
 Date of Birth: 1968
 Languages: Arabic & English
 IT Forte / Systems: Advanced MS Excel | Visual Basic | MS Access | MS Word |Axapta

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