Muhammad Jawad Yaqoob ACCA, SOCPA

• Lead the finance function of Al Safwa Cement Company, overseeing financial reporting, treasury, budgeting, banking relationships, risk management, internal controls and strategic finance initiatives.
• Manage financing strategy and lender relationships for banking facilities exceeding SAR 1.4 billion across SAB, ANB, Al Rajhi Bank and SIDF.
• Led debt restructuring, refinancing discussions, covenant waiver negotiations and liquidity planning to support business continuity and financial stability.
• Represented Al Safwa Cement Company in financial due diligence conducted by Goldman Sachs in connection with the potential acquisition by Anhui Conch Group.
• Led financial due diligence workstreams for a potential merger with another Saudi cement producer, working alongside McKinsey & Company.
• Directed IPO readiness efforts with Rajhi Capital, KPMG and Freshfields, supporting financial reporting, governance, disclosure and CMA submission requirements.
• Present financial performance, liquidity position, strategic analysis and risk matters to the CEO, Board of Directors and Audit Committee.
• Lead profitability analysis, pricing reviews, contribution margin assessments and cash margin reporting across grey cement, white cement, clinker and export markets.
• Oversee IFRS and SOCPA-compliant financial statements, external audit coordination and key accounting judgments.

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• Led the Internal Audit function reporting directly to the Chairman of the Audit Committee and regularly presented audit results, risk assessments and governance matters to the Audit Committee and Board of Directors.
• Developed and executed enterprise-wide risk-based audit plans covering financial, operational, compliance, strategic and regulatory risks across the organization.
• Evaluated treasury operations, cash management processes, liquidity controls, financing arrangements and debt covenant monitoring frameworks to strengthen financial risk management practices.
• Assessed working capital management processes, including receivables, inventory and payables, identifying opportunities to improve liquidity, cash flow management and operational efficiency.
• Reviewed annual and interim financial statements to ensure compliance with IFRS, SOCPA requirements and Corporate Governance Regulations.
• Evaluated the effectiveness of internal controls over financial reporting, safeguarding of assets and regulatory compliance.
• Performed governance and financial control reviews of major capital expenditure projects, including white cement expansion initiatives, plant modernization projects and infrastructure investments.
• Provided advisory services to executive management on risk management, internal controls, corporate governance, taxation matters and business process optimization.
• Led investigations into control deficiencies, process inefficiencies and compliance violations, recommending corrective actions and monitoring implementation.
• Utilized data analytics and ERP-based audit techniques to identify risks, anomalies and control weaknesses, resulting in improved operational and financial controls.
• Coordinated with external auditors, consultants and regulators on matters relating to financial reporting, governance and internal control effectiveness.

Key Audits and Strategic Reviews

• Treasury and Cash Management Review
• Working Capital Optimization Review
• Credit Risk and Receivables Management Review
• Capital Expenditure Governance Review
• Financial Reporting and IFRS Compliance Review
• Procurement and Contract Management Review
• Corporate Governance Compliance Review
• ERP Controls and Data Analytics Review

• Assisted the Internal Audit Director in developing and executing risk-based audit plans across finance, treasury, procurement, inventory, production, maintenance and sales functions.
• Conducted reviews of treasury controls, working capital management processes and financial reporting controls to strengthen risk management and governance frameworks.
• Evaluated internal controls surrounding capital expenditure projects, procurement activities and inventory management processes.
• Participated in ERP governance and control assessments following the implementation of JD Edwards EnterpriseOne, ensuring system controls aligned with business and financial reporting requirements.
• Assessed compliance with company policies, corporate governance standards and regulatory requirements, reporting findings and recommendations to senior management.
• Performed financial and operational audits aimed at improving profitability, cost control, asset utilization and business performance.
• Assisted management in identifying business risks and implementing mitigation strategies to strengthen the overall control environment.
• Monitored implementation of audit recommendations and reported progress to management and internal audit leadership.

• Delivered risk-based external audits in accordance with IFRS and applicable auditing standards.
• Reviewed audit working papers and financial statements, ensuring accuracy and compliance with auditing standards.
• Managed audit engagements for diverse clients, ensuring adherence to regulations and enhancing client trust.
• Executed taxation, compliance, and statutory reporting assignments during tax seasons, delivering timely and accurate submissions.