Summary
Overview
Work History
Skills
Certification
Timeline
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MUHAMMAD SADIQ

Riyadh

Summary

Accomplished Chartered Accountant with a robust 25-year track record in Construction, Utilities, Manufacturing, and Trading sectors. Seasoned Chief Financial Officer (CFO) specializing in financial management, project financing, and strategic planning within Manufacturing and Construction industries. Proven expertise in conducting IPO readiness assessments and leading the filing process with CMA, optimizing financial performance, driving cost efficiencies, and ensuring regulatory compliance. Skilled in spearheading organizational enhancements, implementing IT systems, and operational best practices while adeptly leading cross-functional teams and managing large-scale capital projects to foster stakeholder relationships for sustained growth and profitability. Experienced in guiding financial strategy, utilizing comprehensive financial analysis to support decision-making, fostering team collaboration, and ensuring compliance with regulatory standards.

Overview

23
23
years of professional experience
1
1
Certification

Work History

Chief Financial Officer

Cold Stores Group of Saudi Arabia (CGS)
07.2019 - Current
  • Lead the financial strategy for the Company, managing all financial operations including budgeting, forecasting, Reporting and cash flow management.
  • Oversee project financing and capital structure management, securing funding for large-scale construction projects and ensuring optimal use of financial resources.
  • Collaborate with the CEO and executive team to develop long-term strategic plans, aligning financial goals with business objectives.
  • Manage financial risk through effective contract management, insurance, and bonding strategies, reducing exposure to project delays and cost overruns.
  • Enhance profitability by improving project cash flow cycles and optimizing working capital management.
  • Lead IPO readiness assessment with consultant and subsequently lead the filing with CMA for the Group.
  • Managing relationship with Banks, External Auditor, Lawyers and consultants.
  • Implemented Analytical Dash Board for Sales, Operation and service department covering Product/service profitability and customer profitability which resulted in return on sales to double digit;
  • Successfully restructured legal setup of the Group;
  • Led budgeting, forecasting, and financial reporting processes to ensure organizational alignment.
  • Mentored finance, IT and Supply chain team, fostering professional development and enhancing departmental capabilities.
  • Collaborated with executive leadership on long-term strategic planning and resource allocation.
  • Evaluated financial systems and tools, improving data accuracy and reporting speed.
  • Analyzed operational issues and implemented corrective action to maximize profits.
  • Established robust internal controls to mitigate risk and ensure compliance with regulations.

Finance Head

Water and Environmental Technologies Company (Wetico), Riyadh, SBU of Abunayyan Holding
05.2014 - 07.2019
  • Directed financial planning and analysis for the company with projects valued at over SR 950 million, providing key insights that supported decision-making at the executive level.
  • Led financial planning and analysis initiatives to optimize resource allocation across projects.
  • Streamlined budgeting processes, enhancing accuracy and efficiency in financial reporting.
  • Collaborated with cross-functional teams to align financial strategies with organizational goals and objectives.
  • Led the implementation of project cost tracking systems, improving budget accuracy and enhancing cost control across multiple sites.
  • Managed relationships with financial institutions and investors, securing favorable financing terms for major infrastructure projects.
  • Developed and implemented a risk management framework that reduced financial exposure to project delays and litigation.
  • Overseeing all Financial and Accounting operations of the Company;
  • Play key role in defining and executing strategy of the company, business plan, defining KPIs and balance score card.
  • Dealing with internal and External Auditors and handling Zakat matters.
  • Implemented process cost within chemical production. This provided realistic view of product cost, profitability and awareness about what product to focus;
  • Concluded due diligence and valuation of the Company with Price Waterhouse Coopers, Riyadh, KSA. This facilitated negotiations among shareholders for buy/Sell process between them.
  • Implemented risk management practices to mitigate potential losses and safeguard company assets.
  • Optimized cash flow management through efficient working capital strategies and investment decisions.
  • Enhanced monthly reporting process with main focus on operations;
  • Enhanced credit review process and collection which helped Company in zero Bad debts and improved Cash flow;

Sector Financial Controller

Al Rajhi Holding Company, Riyadh
06.2011 - 05.2014
  • Overseeing cash flow management, profitability management, cost estimation and budgeting of the sector and individual business units;
  • Directed financial reporting and analysis to support strategic business decisions.
  • Implemented cost control measures, improving overall profitability and resource allocation.
  • Led annual budgeting process, ensuring alignment with corporate financial goals.
  • Collaborated with cross-functional teams to develop financial forecasts and performance metrics.
  • Monitoring and assessing the performance on monthly basis for all the companies under the sector and issuing report to shareholders along with action plans for improvements;
  • Discussions with banks for the financing needs of the Projects;
  • Participation in the consortiums for mega projects. Concluded PPP Project with consortium for Madinah Airport;
  • Responsible for the Financial consolidation of the Sector Companies.
  • Successfully implemented project progress reporting for the construction Sector;
  • Enhanced monthly reporting by Business units resulted in much improved analysis and more control over the utilization of funds, improvement in DSO, efficient utilization of bank facilities for the projects and close monitoring of overheads;
  • Efficient planning of external Audit work to ensure timely completion of Audits of business units;
  • Complied Sector business plan and strategy to focus on key issues;
  • Arranged substantial funding for projects of various business units;
  • Consolidated various business units to maximize resource utilization and reduction in overheads.

Director Finance

Eithad Atheeb Telecommunication Company, Riyadh
05.2008 - 06.2011
  • Worked as a Director Finance and was actively involved in the IPO and Rights Issue for the Company; Strategic business plan development and Annual Budget of the Company; designing Financial, Procurement and sale process and assuring its implementation; Coordination with the External Auditor for Quarterly reviews and Annual Audit; implementation of Oracel ERP.

Finance Manager

MATTEX FABRICS, DUBAI, UAE
07.2005 - 09.2007

General Manager Finance

SIDIQSONS DENIM MILLS LIMITED, PAKISTAN
12.2002 - 06.2005

Skills

  • Construction Finance Management
  • Strategic Financial Planning
  • Initial Public Offering (IPO)
  • Capital Project Financing including experience in PPP
  • Risk Management & Mitigation
  • Regulatory Compliance & Reporting
  • Leadership & Team Development
  • ERP and other IT System implementation
  • Business valuations and corporate restructuring
  • Budget oversight

Certification

  • Chartered Accountant (from the Institute of Chartered Accountants of Pakistan)
  • Cost & Management Accountant (from the Institute of Cost and Management Accountants of Pakistan)


Timeline

Chief Financial Officer

Cold Stores Group of Saudi Arabia (CGS)
07.2019 - Current

Finance Head

Water and Environmental Technologies Company (Wetico), Riyadh, SBU of Abunayyan Holding
05.2014 - 07.2019

Sector Financial Controller

Al Rajhi Holding Company, Riyadh
06.2011 - 05.2014

Director Finance

Eithad Atheeb Telecommunication Company, Riyadh
05.2008 - 06.2011

Finance Manager

MATTEX FABRICS, DUBAI, UAE
07.2005 - 09.2007

General Manager Finance

SIDIQSONS DENIM MILLS LIMITED, PAKISTAN
12.2002 - 06.2005

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