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Financial Accounting Manager

Dubai, Emirate of Dubai, United Arab Emirates
May 24, 2020

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-Ahmed Farouk Ismail Mobarak. MBA

Group CFO with Corporate Finance Experience of + 23 Year


Mob: +971*********

Dubai - UAE Residence until 10/2021

My Objective:

Possess a very strong and concrete experience in leading Finance Sectors for Holding and Multinational Groups in Construction, O&G Engineering, Heavy Manufacturing, Global Retail, IT & Telecom Operator and Power Generations Sectors … My Overseas experiences dive from Africa, GCC countries also Europe whish had shaped my ability to stand strongly the Success of the Multinational Firms I had worked for it.

Over my tenure I have hold multiple Chief Financial Officer position in finance sector using strong knowledge of Corporate Financial Strategic Planning, Cash Flow Management, Tax and Fiscal Domination, ERP systems Implementer, Board Level management threw solid Governance and Leading -Groups to Initial Public Offering IPO, also Fluent speaking of Arabic, English, French and Spanish languages.

My Area of Expertise as a Chief Financial Officer:

Strategic Planning & Organizational Modeling in Private and Governmental Sectors.

Budgeting Models Building, Control & Cost Management

Sales, Marketing & New Business Financial Development

Financial Policies Creator, Process Design & Productivity Improvement

Contracts Financial Litigation Management and Claims Issuance

TAX and Fiscal Management Corporate & Investment Finance

Growth & Expansion Strategies and Corporate Governance Policies Creator

Merge and Acquisition Procedures and Due Diligence Experience

Profitability & Cost Management Oriented.

ERP Systems (SAGE 300, ORACLE, SAP, HYPERION, MS GREAT PLAN) & Technology Implementation and System Migration.

Team Building & Performance Improvement, Incentive Scheme Models Builder

Financial ARBITRATION and Claims Financial Management

Financial Reporting with IFRS Standards Excellent Experience and OHADA Standards.


Title: Group Vice President Finance

Company: Western Bainoona Group

Business Type & Size: General Contracting – (3.4 Billion AED)

Business Place: Abu Dhabi - UAE

Reporting to: The Company Share Holders.

Area of Responsibility: Finance -HR -Admin and IT.


Group Vice President Finance, Supervising Group All Finance Activities and representing the Share Holders in Top Management and Strategic Financial and Business Decisions.

006/2017 -07/2019:

Title: Chief Financial Officer

Company: Green-Modeling Contracting

Business Type & Size: General Contracting – (1.2 Billion AED)

Business Place: Dubai UAE

Reporting to: The Company CEO.

Area of Responsibility: Finance -HR -Admin and IT.


1-Attained strong track record of influencing fact-based decision making, monitoring business performance, ensuring appropriate accounting and reporting, driving the organization to achieve efficiency in operations and delivering long term value through optimized cash flow

01/2014 – 06/2017:

Title: Group Construction Chief Financial Officer

Company: Power Holding-UCC

Business Type & Size: Holding Group (Manufacturing/Contracting/Retail/Hospitality)-(22 Billion QR yearly turnover projects)

Business Place: Qatar & GCC countries

Reporting to the Holding Group Share Holders

Area of Responsibility: Group Finance -Treasury -Investment -Merge and Acquisition and Strategic Planning Department.


2-Reversed a failing transition of external Auditors to achieve group financial statements for 12 contracting companies and selected E&Y as new external auditors

3-Creation of a series of Strategic Top Management Financial Reports and Budgeting for all projects along with evolution of a complete Cash Flow Module, which impacted positively on the Group Decision Making.

4-Worked on Rebuild and Unified the ERP system using new Successful implementation of ORACLE Fusion system for the construction Industry Sector.

5-Working as the Project Pilot of the Initial Public Offering (IPO) going on, assuring the readiness and Efficient Governance in cooperation with the evaluators (Deloitte) and the external IPO Leaders, consultants (EFG Hermes and GP Morgan Banks) also prepare all the internal Policies to reinforce the environment financially to IPO going on for the group.

6-Supervising Building a solid Business Plan for the next Five years for the group of Companies Financially with a solid Cash Flow forecasting.

01/2010- 001/2014:

Title: Regional Financial Director

Company: ORASCOM Construction

Business Type & Size: Contracting – (17 Billion SR)

Business Place: Saudi Arabia

Reporting to: Regional Group CEO

Area of Responsibility: Finance -Treasury -Admin and Strategic Planning Department.


1-Re-issuance of the Corporate Financial Policies within the company and intersected with the Government Rules and assure its implementation.

2-Build a new Debts Collection strategy and succeed in decrease of receivables by 25 % as a value and (-30 days) as a time, wish positively freed up working Capital with more than 120 Million SR.

3-Rebuild the Financial Cost control reporting Model and assure the increase of the Company profitability.

4-Reinforce the Human Capital of the Financial Department Team and the Company, in KSA with more Professional Talents.

09/2006- 01/2010:

Title: Chief Financial Officer

Company: TELECEL Mobile Operator

Business Type & Size: Telecom – (60 Million US$)

Business Place: Central Africa Republique

Reporting to: Regional CEO

Area of Responsibility: Finance -Treasury -Admin, Merge, and Acquisition


1-Reorganize the Financial Department structure and penetrate new sections such as revenue assurance and Regulatory relation accounting sections in the Department.

2-Achieve a successful program for Rational decreasing the running OPEX (cost) of the Company wish lead to decrease of 35 % of the overall running Cost with a very good running case of the Business.

3-Improve the collection system for the scratch Cards and new Bonus system for the Sales Dealers which affect an increase of 5% overall in the EBIDTA (Profit).

4-Restructuring of the Company Capital, which lead of the Balance in the Equity of The Company and assure its continuity for the future

5-Reinforce the Cash Flow (the bank loans Restructure of new funds 2 Million US $ for financing new CAPEX)

6-Evolution of the Business Plan and Budget implementation (3+9 review, 6+6 review) and control with a very high professional way to assure the Future right track of the Company.

03/2002- 8/2006:

Title: Regional Director of Finance

Company: ELSEWEDY Electric Transmission and Distribution Company and ELSEWEDY Cables Medium Voltage Factory in Algeria

Business Type & Size: EPC – (360 Million US$)

Business Place: Algiers-Algeria

Reporting to: Regional CEO

Area of Responsibility: Finance -Treasury -Admin and IT Department


1-Assuring the Financial Procedures and implementing the Algerian Accounting standards for the Company besides supervising the dispatch of Accounting with the Joint Venture with other local Companies in Algeria (MAHDA- ELSEWEDY JV).

2-Implementing a good Cost Control and Pricing of the Cables manufacturing wish leaded in improve the profit by (+12%).

3-Dealing with all Monthly TAX Returns Fiscal declaration (Monthly Tax Return).

4-Assure of Collection of the Company Receivables (decrease the CP from 60 Day to 30 day) to achieve a very good Cash Flow Model on the ground with the daily Business process.

06/1996- 03/2002:

Title: Accounting Manager

Company: The Arab Contractors Equatorial Guinea LTD.

Business Type & Size: Contracting (2.5 Billion US$)

Business Place: Equatorial Guinea Republic –Benin –Cameroon

Reporting to: Regional CEO

Area of Responsibility: Finance -Treasury -Admin and IT Department


Supervising Accounting of the company in MALABO-Equatorial Guinea.

Supervising Accounting of the company in The Arab Contractors LTD – Benin Branch – (West Africa –Benin)

Education :

1995-Faculty of Commerce & Business Administration – Helwan University Cairo – Egypt

Grade: Good Study Language: English

1990- High School Graduated

College De La Sale – Cairo – Egypt French Language School

Post-Graduated Education

-Master of Business Administration (Lyndon State University) MBA-major Finance

-Professional Financial Accountant Certificate (PFA)

-Certified Managerial Accountant CMA (Part 1- Old system)(CMA)

-High Diploma of Managing Financial Claims and Disputes in the Contracts from the American University in Cairo CLAC.

-IFRS Financial Reporting Courses.

Languages Skills

-French: Professional Excellent/Fluent (Read–Write-Speak)

-English: Professional Excellent/Fluent (Read–Write-Speak)

-Spanish: Professional Very Good (Read-Write-Speak)

-Arabic: Local Mother Tongue.

Basic Information

Date of Birth: 02/07/1970

Marital Status: Married – Two children

Military Services: Completed

Professional Experience

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