Summary
Overview
Work history
Education
References
Timeline
Generic
FAISAL ALHARBI

FAISAL ALHARBI

Al-Jubail,Saudi Arabia

Summary

Experienced Board Member and chief of finance with a demonstrated history of working in the diversified manufacturing industries. 25+ years' extensive experience in serving with conviction & entrepreneurial spirit to manage functions /businesses in a hands-on manner; have been expert in change management from scratch and implemented many processes, procedures, systems, and internal controls to strengthen operations, increase productivity and enhance customer satisfaction. This is a valuable skill and it has given a unique holistic view on how to succeed in industry and why fail when fail.

Overview

27
27
years of professional experience
7
7
years of post-secondary education

Work history

HADEED Board Secretary

Saudi Iron & Steel Co. (HADEED)
Al-Jubail, Saudi Arabia
03.2021 - 05.2024
  • Meeting coordination: scheduling board meetings, ensuring that all necessary materials are prepared and distributed to board members in advance, and arranging for meeting venues or virtual platform
  • Meeting minutes: takes accurate and detailed minutes of discussions, decisions, and actions taken
  • Distribute these minutes to all board members and ensure are approved at next meeting
  • Record keeping: maintains organized record of all official documents related to board's activities, meeting agendas and minutes, resolutions, and other important records
  • Communication: point of contact between board and external stakeholders, such as shareholders or regulatory bodies
  • Also handle internal communication among board members or between committees
  • Compliance: ensures organization complies with legal requirements and regulations pertaining to corporate governance
  • This includes maintaining up-to-date records of directors' appointments, resignations, conflicts of interest disclosures, and other relevant documentation
  • Board support: provides support to board chairperson in preparing meeting agendas, coordinating committee activities, conducting research on specific topics or issues relevant to organization's governance, and assisting with orientation or training programs for new directors
  • Ethics and confidentiality: upholding ethical standards within organization by ensuring compliance with codes of conduct or ethics policies
  • Maintain strict confidentiality regarding sensitive information discussed during board meetings

Chief Financial Officer

Saudi Iron & Steel Co. (HADEED)
Al-Jubail, Saudi Arabia
09.2020 - 05.2024
  • Develops financial well-being of organization by providing financial projections and accounting services, preparing growth plans, and directing staff
  • Accomplishes finance human resource strategies by determining accountabilities; communicating and enforcing values, policies, and procedures; implementing recruitment, selection, orientation, training, coaching, counseling, disciplinary, and communication programs; planning, monitoring, appraising, and reviewing job contributions; and planning and reviewing compensation strategies
  • Develops finance organizational strategies by contributing financial and accounting information, analysis, and recommendations to strategic thinking and direction and establishing functional objectives in line with organizational objectives
  • Establishes finance operational strategies by evaluating trends; establishing critical measurements; determining production, productivity, quality, and customer-service strategies; designing systems; accumulating resources; resolving problems; and implementing change
  • Develops financial strategies by forecasting capital, facilities, and staff requirements; identifying monetary resources; and developing action plans
  • Monitors financial performance by measuring and analyzing results, initiating corrective actions, and minimizing impact of variances
  • Reports financial status by developing forecasts, reporting results, analyzing variances, and developing improvements
  • Updates job knowledge by remaining aware of new regulations, participating in educational opportunities, reading professional publications, maintaining personal networks, and participating in professional organizations

Chairman of SHARQ Board Audit Committee

EASTERN PETROCHEMICAL COMPANY (SHARQ)
Al-Jubail
11.2018 - 03.2020
  • Provide oversight of the financial reporting process, the audit process, the company's system of internal controls and compliance with laws and regulations

Board Member

EASTERN PETROCHEMICAL COMPANY (SHARQ)
Al-Jubail
03.2018 - 03.2020
  • Steer the organization towards a sustainable future by adopting sound, ethical, and legal governance and financial management policies, as well as by making sure the nonprofit has adequate resources to advance its mission

Chairman of the Accounting Shared Services Users

SABIC
Al-Jubail, Saudi Arabia
10.2017 - 08.2020
  • Analyze performance and KSA share of budgets and plans of Shared Services and recommend proposals to SS ExCom
  • Ensure KSA customers' involvement in decision-making for Shared Services functions
  • Partnered with management team to optimise operations and reduce costs.

Director of Global Fin. Accounting & Reporting

SABIC
Al-Jubail, Saudi Arabia
09.2017 - 08.2020
  • Responsible for Global Financial Accounting and Reporting across all regions and entities with Total Assets and Revenue amounting to 80 bln $ and 40 bln$ respectively and covering monthly, quarterly and year-end closing of all ledgers and Profit Center Accounting across all regions carried out as per IFRS and SABIC Accounting Manual
  • Ensure controllership and oversight is embedded within GFA&R to give high level of credibility and reliance on base transactional records at GL Level
  • This includes process excellence, dealing with auditors on key issues like impairments, capitalizations etc
  • And in-depth oversight, challenges and detailed analysis and reporting over data from various affiliates (KSA) and regions (rest of world)
  • Managing key external interfaces like Auditors (Financial, Govt, Internal) and regulatory authorities
  • Monitor global preparation and account reconciliations
  • Manage preparation of all statutory reports
  • Review and approve other filings required by local authorities
  • Ensure financial controllership, safeguarding assets at legal entity level
  • Ensure proper classification and tracking of global fixed assets through depreciation calculation
  • Ensure SLAs compliance and intact and performance levels maintained, Issuing representation letters for all affiliates annually based on SLA obligations
  • Responsible for netback accounting in accordance with existing marketing and resale's agreements, logistics contracts, reseller agreement, SABIC policies, agreed on procedures, and applicable accounting codes and standards
  • Manage cost accounting, zakat and tax calculation and recharging process including inter-company accounting
  • Manage external audit relationship on individual legal entity basis
  • Leading Career and Talent development of 300+ professionals working in FA&R team

Member of a Board Audit and Risk Committee

Construction Products Holding Company (CPC)
Jeddah , Saudi Arabia
02.2025 - Current
  • Applied critical thinking to analyse problems, evaluate solutions and select best decisions.
  • Used critical thinking to break down problems, evaluate solutions and make decisions.

Director, Consultant Finance

HADEED
Jubail, Eastern Province
12.2024 - Current
  • Develop and implement financial strategies for growth and expansion in steel and mining sectors.
  • Identify and evaluate potential acquisition targets; conduct financial due diligence.
  • Analyze investment opportunities in mining, including risk assessment and financial modeling.
  • Ensure accurate financial reporting and compliance with industry regulations.
  • Lead budgeting process and develop financial forecasts to support strategic planning.
  • Collaborate with stakeholders, including investors and regulatory bodies, to present financial insights.
  • Identify financial risks associated with expansion strategies and develop mitigation plans.
  • Conduct market research to identify trends and competitive threats within industry.
  • Mentor and lead finance team, promoting culture of continuous improvement.

Member of a Board Audit and Risk Committee

Binladin International Holding Group
Jeddah, Mecca Region
12.2024 - Current
  • Analyze financial statements and reports to ensure accuracy and transparency.
  • Ensure company complies with relevant regulations and laws.
  • Evaluate financial and operational risks and assist in developing strategies to mitigate them.
  • Collaborate with internal and external auditors to facilitate auditing process.
  • Prepare regular reports for Board of Directors on audit and compliance findings.
  • Review and update internal policies and procedures to ensure compliance.
  • Provide guidance to senior management on audit and compliance matters.

Member of the Stakeholders Committee of the Board

Binladin International Holding Group
Jeddah, Mecca Region
12.2024 - Current
  • Actively engage with stakeholders to gather insights and feedback.
  • Facilitate communication between stakeholders and board.
  • Attend regular committee meetings and board sessions.
  • Contribute to discussions and decision-making processes.
  • Assist in development and review of policies affecting stakeholders.
  • Ensure stakeholder interests are represented in policy decisions.
  • Provide updates and reports on stakeholder feedback and engagement efforts.
  • Analyze stakeholder concerns and present findings to board.
  • Collaborate on strategic initiatives that impact stakeholders.
  • Help identify opportunities for stakeholder involvement in organizational goals.

Project Financing & Risk Leader

The Saudi Mauritanian Metals and Steel Company (Takamul)
Nouadhibou, Mauritania
12.2022 - 02.2025
  • Finalize Funding Strategy
  • Appoint Financial Advisor
  • Integrate with FEED & Financial Advisor
  • Lead Loan Negotiation
  • Monitor and update project & Business risks register to reflect changes in risks and/or opportunities and to ensure that FEED mitigation actions are planned, implemented and monitored properly, also is to arise and evaluate any engineering, legal, security, or financial possible risk that can effect negatively project timeline and/or targets, risk work stream is responsible also to define and evaluate project opportunities
  • Successfully delivered on tasks within tight deadlines.
  • Supported team by demonstrating respect and willingness to help.
  • Worked flexible hours, covering nights, weekends and bank holidays.
  • Offered friendly, efficient customer service and handled challenging situations with ease.

IFRS PMO & Site Readiness Team Leader

SABIC
Al-Jubail, Saudi Arabia
10.2015 - 06.2019
  • Implementation of new IFRS in KSA
  • Led and managed administrative staff to maintain smooth daily operations.
  • Ensured adherence to company policy by all team members, maintaining professionalism at all times.
  • Created digital file classification system for company-wide use.
  • Trained staff to resolve complaints appropriately to maintain customer satisfaction.

Director of Financial Services

SABIC
Al-Jubail, Saudi Arabia
01.2013 - 08.2017
  • Manage the financial statements of MEA Shared Services (SS) customers are kept and prepared in accordance with SABIC financial policies, procedures, and accounting standards that is in line with the kingdom's laws and regulations
  • Managed all SFS KSA & MEA customer's month-end closing process

Manager, SFS Reporting Financial Services

SABIC
Al-Jubail, Saudi Arabia
12.2012 - 12.2013
  • Create a partnership with embedded Control organization of regional SBU's for optimization of information sharing by continuous engagement of the embedded Control organization, focused on the improvement of quality and efficiency of analysis and reporting activities
  • Maintain and control all GL accounts and fixed assets for all customers
  • Ensure that all GL's accounts are reconciled and all accounting entries are recorded in accordance with SABIC accounting policies and procedures and accounting standards
  • Oversee inventory and costing process in addition to managing audit and filing requirements
  • Also, manage and control the issuing of individual financial statements and other reports required by customers and government entities
  • Maintain effective supervision and development of staff

Reporting Section Head Financial Services

SABIC
Jubail, Eastern Province
04.2009 - 11.2011
  • Ensure the financial statements of Shared Services (SS)
    customers are kept and prepared in accordance with SABIC
    financial policies, procedures, and accounting standards
    that is in line with the kingdom's laws and regulations
  • Managed all SFS KSA & MEA customer's month-end closing
    process

Supervisor General Ledger & Management Reporting

SABIC
Al-Jubail, Saudi Arabia
06.2006 - 03.2009
  • Supervise the month and year-end closing activities for Shared Services (SS) customers
  • Ensure product costing and cost allocations are properly recorded
  • Prepare and review the financial reports of SS customers
  • Properly adhere to SABIC accounting policies, procedures, and accounting standards that are in line with the kingdom's laws and regulations

Sr. Accountant General Ledger & Management Reporting

SABIC
Al-Jubail, Saudi Arabia
05.2005 - 05.2006
  • Carried-out the month and year-end activities as per closing schedules
  • Prepared and analyzed standard/ad-hoc reports for SS customers
  • Reviewed and evaluated departmental cost statements to ensure accurate product costing
  • Properly adhere to SABIC accounting policies, procedures and accounting standards that are in line with the kingdom laws and regulation

Finance & Controlling SAP Implementation Team Lead

AL-JUBAIL FERTILIZER COMPANY (AL-BAYRONI)
Al-Jubail, Saudi Arabia
09.2003 - 04.2005
  • In line with the SABIC FANAR project objective, successfully implemented the Finance and Controlling (FI/CO) module in SAP System as SAP-FI Team Lead role

Supervisor General Accounting

AL-JUBAIL FERTILIZER COMPANY (AL-BAYRONI)
Al-Jubail, Saudi Arabia
01.2003 - 09.2003
  • Supervised all activities related to the general ledger, accounts receivable, fixed assets & insurance, budget & controlling, income statement analysis, and accounting reporting such as operating report statement (ORS) and cost comparison report

General Ledger Supervisor

AL-JUBAIL FERTILIZER COMPANY (AL-BAYRONI)
Al-Jubail, Saudi Arabia
01.2002 - 12.2002
  • Supervised all activities related to the general ledger, auditing, period-end closing, financial reporting, physical count for spare parts & finished products, and proper configuration/trouble-shooting of SAP-FI module
  • Provided adequate and timely assistance to SAP end-users in resolving any business-related problems

Accounts Receivable Supervisor

AL-JUBAIL FERTILIZER COMPANY (AL-BAYRONI)
08.2000 - 12.2001
  • Supervised receivables management, monthly accounting procedures, ledger recalculations and generation of financial statements
  • Contributed to SAP upgrade project as part of SAP-FI team, enhancing Accounts Receivable processes

Accountant

AL-JUBAIL FERTILIZER COMPANY (AL-BAYRONI)
Al-Jubail, Saudi Arabia
05.1998 - 07.2000
  • Performed general accounting activities including manual entries and recalculations with accounts receivable

Accountant

E.A. JUFFALI & BROTHERS
Al-Dammam, Saudi Arabia
10.1997 - 04.1998
  • Carried-out all general accounting activities related to manual entry, invoice collection, auditing and physical inventory

Education

Financial Modeling & Valuation Analyst (FMVA) Certification - Finance

Corporate Finance Institute
Online
09.2021 - 02.2025

Bachelor of Science - Accounting

KING FAISAL UNIVERSITY
ALASHA
03.1994 - 03.1997

References

References available upon request.

Timeline

Member of a Board Audit and Risk Committee

Construction Products Holding Company (CPC)
02.2025 - Current

Director, Consultant Finance

HADEED
12.2024 - Current

Member of a Board Audit and Risk Committee

Binladin International Holding Group
12.2024 - Current

Member of the Stakeholders Committee of the Board

Binladin International Holding Group
12.2024 - Current

Project Financing & Risk Leader

The Saudi Mauritanian Metals and Steel Company (Takamul)
12.2022 - 02.2025

Financial Modeling & Valuation Analyst (FMVA) Certification - Finance

Corporate Finance Institute
09.2021 - 02.2025

HADEED Board Secretary

Saudi Iron & Steel Co. (HADEED)
03.2021 - 05.2024

Chief Financial Officer

Saudi Iron & Steel Co. (HADEED)
09.2020 - 05.2024

Chairman of SHARQ Board Audit Committee

EASTERN PETROCHEMICAL COMPANY (SHARQ)
11.2018 - 03.2020

Board Member

EASTERN PETROCHEMICAL COMPANY (SHARQ)
03.2018 - 03.2020

Chairman of the Accounting Shared Services Users

SABIC
10.2017 - 08.2020

Director of Global Fin. Accounting & Reporting

SABIC
09.2017 - 08.2020

IFRS PMO & Site Readiness Team Leader

SABIC
10.2015 - 06.2019

Director of Financial Services

SABIC
01.2013 - 08.2017

Manager, SFS Reporting Financial Services

SABIC
12.2012 - 12.2013

Reporting Section Head Financial Services

SABIC
04.2009 - 11.2011

Supervisor General Ledger & Management Reporting

SABIC
06.2006 - 03.2009

Sr. Accountant General Ledger & Management Reporting

SABIC
05.2005 - 05.2006

Finance & Controlling SAP Implementation Team Lead

AL-JUBAIL FERTILIZER COMPANY (AL-BAYRONI)
09.2003 - 04.2005

Supervisor General Accounting

AL-JUBAIL FERTILIZER COMPANY (AL-BAYRONI)
01.2003 - 09.2003

General Ledger Supervisor

AL-JUBAIL FERTILIZER COMPANY (AL-BAYRONI)
01.2002 - 12.2002

Accounts Receivable Supervisor

AL-JUBAIL FERTILIZER COMPANY (AL-BAYRONI)
08.2000 - 12.2001

Accountant

AL-JUBAIL FERTILIZER COMPANY (AL-BAYRONI)
05.1998 - 07.2000

Accountant

E.A. JUFFALI & BROTHERS
10.1997 - 04.1998

Bachelor of Science - Accounting

KING FAISAL UNIVERSITY
03.1994 - 03.1997

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FAISAL ALHARBI