Summary
Overview
Work history
Education
Skills
Timeline
Generic
Ahmed Hussien

Ahmed Hussien

Riyadh ,Saudi Arabia

Summary

History of streamlining operations, increasing revenue and reducing costs to maximise business profits. Decisive and strategic leader with demonstrated track record of success.

Experienced CFO with knack for strategic financial planning and driving profitability. Led multiple teams to streamline operations, resulting in significant cost savings and revenue growth. Excel in navigating complex financial landscapes, fostering robust stakeholder relationships, and implementing innovative solutions to enhance financial performance.

Overview

20
20
years of professional experience

Work history

CFO

Asas Makeen for Real Estate
Riyadh , Saudi Arabia
04.2025 - Current
  • Executed risk mitigation strategies to strengthen corporate financial standing.
  • Improved transparency in reporting practices with standardisation efforts.
  • Advocated for ethical finance management, promoted corporate integrity and trustworthiness.
  • Coordinated multi-departmental budget planning, ensured fiscal discipline across all units.
  • Maintained strong investor relations through regular communication and updates.
  • Facilitated cross-functional collaborations for streamlined operations.
  • Reduced costs with strategic oversight of procurement activities.
  • Optimised financial operations by implementing effective budgeting strategies.
  • Streamlined auditing processes for improved compliance with local and international standards.
  • Managed portfolio investments, enhanced company's financial position.
  • Formulated strategic investment plans to spur business growth.
  • Conducted thorough market analysis, identified promising investment opportunities.

Chief financial officer

SPD Developments
Cairo, Cairo Governorate
04.2023 - 03.2025
  • Ensured complete adherence to financial controls and regulations, preparing financial statements and reporting results to multiple external stakeholders.
  • Prepared information, forms and data to assist in seamless and efficient financial audit procedures.
  • Provided financial performance reports as part of monthly reporting, monitoring data and information processing to minimize errors.
  • Formulated detailed strategy to guide senior management team through complex financial business decisions.
  • Scaled sustainable growth by conducting extensive reviews of existing systems, processes, controls and KPIs.
  • Identified and resolved operational issues impacting productivity, performance or profitability.
  • Monitored operations to assess and highlight results.
  • Created and led successful business culture focused on performance.
  • Maintained organizational compliance with applicable legislation and regulations.

Chief financial officer

EL Shennawy Group
Cairo, Egypt
05.2021 - 03.2023
  • Analyzes financial statements, and prepares reports and recommendations to Top Management and the Board of Directors concerning financial performance.
  • Annually creates a capital plan that aligns with overall business plans and strategies, and reviews the capital plan with Top Management and the Board of Directors.
  • Annually reviews and updates related party transaction policies and procedures with Top Management and the Board of Directors; and reviews, approves, and discloses related party transactions, and annually distributes the Related Party Transaction Conflict of Interest Questionnaire.
  • Arranges and chairs financial management meetings, and prepares financial reports and presentations for scheduled financial management meetings.
  • Assesses risks and exposure due to business conducted in foreign currency, prepares a report and recommendations for dealing with foreign currencies, and follows and executes the established foreign exchange management policy.
  • Completes and gains the approval of FINANCIAL OBJECTIVES, and oversees the financial health and financial performance of the Company, as well as a fiduciary responsibility to shareholders.
  • Creates and reviews all period-end activities to ensure the period-end financial statements accurately reflect the results of the Company’s activities, and is familiar with the specific software procedures for keeping the prior year open until all final closing adjustments have been made and approved.
  • Directs the Finance Department in developing borrowing and financial plans to meet the needs of the Company’s operations.
  • Ensures development and implementation of a continuity plan for Finance and ensures that the continuity plan is in force; this includes ensuring that the plan is tested and verified periodically. In addition, the CFO reports to the CEO and the Board of Directors (or Advisory Board) on continuity plan test results and recommends improvements to the plan.
  • Ensures that processes needed for the financial management system are established, implemented, and maintained, and reports to the CEO and Board of Directors on the performance of the financial management system and reports any need for its improvement.
  • Executes the valuation process, recording valuation plans, results, improvement plans, and provides all needed information for the valuation process.
  • Is the main point of contact between the Company and the External Auditor and coordinates Company audit activities and responses.
  • Manages banking relationships, the check signing authority process, and alerts all individuals and banks of any changes to authority.
  • Oversees cash management processes to ensure proper cash availability and best practices in cash management.
  • Oversees investigations into reporting errors, prepares and submits all financial restatements as required by law and by company policy, and prepares press releases about restatements.
  • Oversees that regular shareholder meetings are conducted according the articles of incorporation, surplus funds investing and debt pay down, and the training and development plan to ensure that it supports the Company’s objectives.
  • Oversees the asset acquisition process and reviews the ROI Worksheet with the Capital Budget Committee.
  • Oversees the Company’s financial investment in inventories and assists in developing and reviewing.
  • Oversees working capital and completes the WORKING CAPITAL PLAN.
  • Prepares and submits all financial statements as required by law and by company policy.
  • Prepares forecasted financial statements, and prepares reports and recommendations to Top Management and the Board of Directors concerning forecasted financial statements.
  • Reviews Accounts Payable material and adds his/her signature.
  • Reviews and approves requests for financial statements and any other proprietary, confidential, and/or sensitive financial information, the Risk Management Plan, and all reconciliations.
  • Reviews lease/buy considerations for capital equipment.
  • Safeguards all company information and determines the appropriate level of detail for release.
  • Sets and oversees the process of providing and/or receiving a Letter of Credit, and is responsible for all related bank communication and transactions.
  • Signs all reported financial statements.
  • Writes off any accounts Receivable Account deemed not collectible.

Financial controller & Deputy CEO

AL Wedyan National Company
Jeddah, Saudi Arabia
07.2017 - 03.2021
  • Lead team of 180 employees in all operations including sales, service, parts and office functions.
  • Tracked and analyzed profitability and key metrics of the company to improve overall profitability and bring in new clientele.
  • Boosted productivity by consolidating material planning, data-collecting, payroll and accounting programs into one main system.
  • Created and implemented highly effective and individualized solutions for clients.
  • Drove organizational goals by effectively and efficiently identifying and solving complex strategy problems.
  • Created financial plan covering 5 years and projecting 200% growth.
  • Delivered customized and effective solutions to clients that met unique demands.
  • Directed HR operations, including strategic workforce planning, goal cascading, performance management, staffing and benefits administration.
  • Built financial model for new business unit.
  • Increased revenue streams by reducing costs, managing schedules and performing variance and risk analysis to implement corrective actions.
  • Analysed product costs, schedules, contract performances, variances and risks to drive business decisions.
  • Increased profitability by coordinating consistent floor merchandise plan changes to drive sales.
  • Improved compliance by implementing new revenue recognition process for fixed-price arrangements and vendor-specific objective evidence accounting.
  • Created analytical framework for identifying and developing financial growth opportunities.

Financial and Commercial Controller

Al Wedyan National company
Jeddah, Saudi Arabia
12.2015 - 07.2017
  • Developed and administered annual budgets following period of strong analysis and research.
  • Maintained responsibility of credit control to achieve debtor day targets.
  • Developed thorough forecasting and cash-flow management processes to maximise progression and profitability.
  • Created financial portfolios for clients.
  • Trained new and existing staff members in various financial procedures to prepare each for job functions.
  • Managed administrative staffing by recruiting, interviewing and onboarding new personnel.
  • Created analytical framework for identifying and developing financial growth opportunities.
  • Generated revenue and reduced costs by recommending innovative alternatives.

Strategic Planning Manager

Mohamed Al Habib Real Estate
Riyadah, Saudi Arabia
03.2015 - 12.2015
  • Established bespoke quantitative models, developing strategic intent into quantifiable process improvements.
  • Delivered an exceptional level of service to each customer by listening to concerns and answering questions.
  • Implemented marketing strategies which resulted in 12% growth of customer base.
  • Performed initial client assessment and analysis to begin research process.
  • Building rapport with the management team of the social enterprise. - Preparing investment briefs to overcome barriers to investment.
  • Develop and manage relationship with investors and other corporate partners.

Group Budgeting Manager

DMG ( Dar Al Mimar Group)
Cairo, Egypt
11.2009 - 02.2015
  • Developing the annual master budget.
  • Handling forecast process three times per year.
  • Prepare and present the quarter business review.
  • Participate in all feasibility studies for the new projects.
  • Participate in COMP& BEN. Program initiation.

Budgeting Officer

Corplease
Giza , Egypt
12.2007 - 11.2009
  • Monitored and reported budgetary discrepancies to corporate senior management to maximise reporting efficiency and finalised spending plans.
  • Generated annual budget forecasting information for executive and corporate reports.
  • Produced business performance reporting packages.
  • Reviewed monthly operations to assess compliance with budgets and determine necessary adjustments for future plans.
  • Compiled statistical data after each month-end closing.
  • Worked with human resources to assess labour patterns and hiring requirements.
  • Identified and monitored budget expenses for accuracy and signs of fraud.

External Auditor

Mostafa Shawki & Co. MAZARS
Cairo, Egypt
10.2005 - 11.2007
  • Oversaw full accounting cycle, including compiling and analysing data, posting and adjusting journal and ledger entries, preparing financial statements and reports and closing books.
  • Conducted detailed technical and analytical review of national/regional corporate, partnership and limited corporation tax returns, tax provisions, and quarterly estimates prepared by associates.

Education

IFRS - IFRS

KPMG
Egypt
2012

Research Methodology -

Central Bank Of Egypt
Egypt
2008

Financial Analysis -

Central Bank Of Egypt
Egypt
2008

Bachelor of Business Administration - Accounting

Helwan University
Cairo
2004

Skills

  • Account management
  • Budget preparing and management
  • Financial reporting
  • Financial strategy creating
  • Financial planning and budgeting
  • Risk management processes and analysis
  • Report writing
  • Budget development
  • Leadership and team building
  • Performance improvements
  • Customer retention
  • Project development
  • Operations management
  • Deadline-oriented
  • Financial management

Timeline

CFO

Asas Makeen for Real Estate
04.2025 - Current

Chief financial officer

SPD Developments
04.2023 - 03.2025

Chief financial officer

EL Shennawy Group
05.2021 - 03.2023

Financial controller & Deputy CEO

AL Wedyan National Company
07.2017 - 03.2021

Financial and Commercial Controller

Al Wedyan National company
12.2015 - 07.2017

Strategic Planning Manager

Mohamed Al Habib Real Estate
03.2015 - 12.2015

Group Budgeting Manager

DMG ( Dar Al Mimar Group)
11.2009 - 02.2015

Budgeting Officer

Corplease
12.2007 - 11.2009

External Auditor

Mostafa Shawki & Co. MAZARS
10.2005 - 11.2007

IFRS - IFRS

KPMG

Research Methodology -

Central Bank Of Egypt

Financial Analysis -

Central Bank Of Egypt

Bachelor of Business Administration - Accounting

Helwan University

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Ahmed Hussien