Manager Financial Analyst

BASHAR ATEF SHALABI

Muscat National Development & Investment Company Investment Department

P.O. Box 511 P.C. 118, Muscat - Sultanate of Oman

Tel: (Work): 968 (24399874). Mobile: 968 (93214581)

Email: ******.*******@*****.***

Profile: linkedin.com/in/bashar-shalabi-83a63919

SUMMARY

Bashar Shalabi is a Sr. Investment Manager at Muscat National Development & Investment Company (ASAAS), which is a leading real-estate investment company in Oman.

Before joining ASAAS, Bashar was in banking and real-estate investment for more than 18 years in the UAE, with Union National Bank, Abu Dhabi Commercial Bank and Abu Dhabi Islamic Bank. His banking experience ranges from small business finance, commercial finance, corporate finance, to mega infrastructure / oil & gas syndicated loans.

One of the major projects that Bashar worked on was the development of NewYork University- Abu Dhabi campus on Sadiyat Island. He was working with Tamkeen (a subsidiary of Abu Dhabi’s Executive Affairs Authority), which plans, develops, and delivers projects on behalf of Abu Dhabi Government.

Bashar holds an MBA in finance from Indiana University with a 3.7 GPA. During his time as an MBA student, he worked as a Research / Teaching Assistant at the Division of Business at IU.

Being born and raised in the Gulf, Bashar is quite familiar with the traditions, customs and cultural diversity of the GCC communities.

MAIN AREAS OF EXPERTISE

Deal Structuring (Equity and Debt).

Financial Modeling with Sensitivity Analysis.

Feasibility Studies: Preparation and Evaluation.

Equity Placement: PPM, Due-diligence, and Documentation (SA, SHA, etc...)

Investment Profitability Analyses (NPV, IRR, etc...)

Debt Facility Negotiation (Islamic / Conventional).

ACADEMICS CREDENTIALS

M.B.A in Finance with 3.7 GPA from Indiana University (USA). 1996 -1999.

B.S in Business Administration from Yarmouk University (Jordan). 1991- 1995.

EXPERIENCE

MUSCAT NATIONAL DEVELOPMENT & INVESTMENT COMPANY – ASAAS

Sr. Investment Manager Aug / 16 – Present

Identify and develop new investment opportunities for ASAAS.

Develop comprehensive financial models for the identified investment opportunities, which include:

-Projected Cash flow analysis.

-Comprehensive profitability analysis with all the profitability indicators like (Leveraged & Non-leveraged IRR, NPV, Payback period, etc…)

-The financing scenarios based on the projected Cash flow, with a complete Debt Service Coverage analysis (DSCR).

-Sensitivity test for the base case assumptions to come up with the best and worst case scenario regarding the project profitably and debt service capacity.

Prepare the Investment Proposal based on the above financial model, and presenting the same to the

Investment Committee / Board of Directors

Develop the project feasibility study that will be presented to potential co-investors and financiers.

Evaluate feasibility studies and financial models for the real-estate projects offered to ASAAS by other real-estate companies for participation.

DUBAI ROAD & TRANSPORT AUTHORITY (RTA): Nov / 15 – Jun/16

Traffic & Road Agency – Manager, Investment Officer

Develop new business relationships and negotiate new income for the RTA

Develop, maintain and continuously update the Traffic & Road Agency financial model.

Prepare the financial feasibility studies for the Agency investment initiatives

Identify and develop new commercial revenue streams for the agency

Identify and develop new funding sources for the agency’s project mainly through PPP structured deals

EXECUTIVE AFFAIRS AUTHORITY, Abu Dhabi Feb / 11 – Jun/15

NYUAD Project (Finance Department) – Sr. Financial Analyst.

Tamkeen is a subsidiary of the Executive Affairs Authority. It plans, develops, and delivers projects on behalf of the Government of Abu Dhabi. My role as a Sr. Financial Analyst has the following main tasks:

Review the university annual operations budge (four month annual exercise):

-All budget assumptions and financial models (like the university staffing plan, course curriculum, research allocation and disbursement mechanism etc…) are reviewed with all variations and its financial implications identified and reported to management along with the appropriate recommendations.

Implement budget tracking tools for NYUAD budget:

-Created a comprehensive financial model that identifies the cost elements for every budget program, which gives the reviewer the flexibility to apply various scenarios for each cost element to reach the optimal budget for each program.

-Monthly reviewing the university management report, which tracks the utilization of the disbursed budget to detect early signs of over (or under) spending, which will provide actual feedback to be used in adjusting the budget assumptions for next year budgeting exercise.

-Weekly monitoring the university cash position to make sure that the university liquidity position is sufficient compared to its average weekly spending and all deposits are parked with banks of acceptable credit rating.

Benchmarking:

-Co-produced a comprehensive benchmarking document that measures the performance of NYUAD in various KPIS against other comparable universities, with recommendations regarding the optimal outcomes expected to be achieved by NYUAD

Member of the Project’s Finance Advisory Committee.

University campus development financial model:

-Reviewed the Mubadala PPP financial model for developing the university campus and provided recommendations.

Alternative funding sources:

-Produced a comprehensive presentation providing alternative sources of funding for the university budget to diversify its revenue streams.

ABU DHABI ISLAMIC BANK (ADIB) / U.A.E May / 06 – Jan / 11

(INVESTMENT DIVSION) – Sr. Investment Analyst.

Developing comprehensive financial models for real-estate projects based on the cost assumptions provided by the Engineering Department and the revenue assumptions provided by the Property Management Department. The said financial model will include:

-Projected Cash flow analysis.

-Comprehensive profitability analysis with all the profitability indicators like (Leveraged & Non leveraged IRR, NPV, Pay back period, etc…)

-Developing the financing scenarios based on the projected Cash flow, with a complete Debt Service Coverage analysis (DSCR).

-Sensitivity test for the base case assumptions to come up with the best and worst case scenario regarding the project profitably and debt service capacity.

Preparing the Investment Proposal based on the above financial model, and presenting the same to the Investment Committee.

Developing the project feasibility study that will be presented to potential co-investors and financiers.

Evaluating feasibility studies and financial models for the real-estate projects offered to ADIB by other real-estate companies for participation.

Preparing the Investment Proposal based on the above analysis.

Assist in preparing / negotiating the transaction legal documentation.

ABU DHABI COMMERCIAL BANK / U.A.E Nov / 04 – May / 06

INVESTMENT BANKING DIV. (SYNDICATION) – Investment Analyst

Evaluating the feasibility and bankablity of syndicated deals, which are either led by ADCB or offered by other banks for participation.

The said evaluation will be through analyzing the business plan provided by the client or leading bank, which includes:

-Analyzing the provided financial model of the project (mainly projected Balance sheet, income statement, cash flow statement of the project).

EXPERIENCE (continue…)

-Testing the success & risk factors of the project under deferent scenarios (Sensitivity Analysis).

-Coming-up with best, average, and worst scenarios for the proposed project and evaluating the bank’s risk under each scenario (like Debt Service Coverage Ratio – DSCR, Facility Tenor, Repayment Schedule, … etc)

Preparing the Credit Application based on the above analysis.

ABU DHABI COMMERCIAL BANK / U.A.E Oct / 03 - Nov / 04

CORPORATE BANKING GROUP – Assistant Relationship Manager

Achieving the assigned financial target in terms of advances, interest / non-interest income, and deposits.

Evaluating the client’s financial needs of Funded or Non Funded facilities.

Recommending the approval of the client’s request to top management

Maintaining the quality of the existing portfolio of large corporate accounts by keeping the number of classified accounts within the approved percentage.

Assigning Risk Rating to each customer based in his financial position (for new customers), in addition to conduct of the account and facility utilization (for existing customers).

Assigning a marketing strategy for each relationship in the assigned portfolio (either to Expand, Continue, or Exit).

Conducting regular visits to the existing and prospective clients to ensure customer satisfaction, and detect any business potential.

In addition to supervising and maintaining the quality work of the assigned Account Administrator (Credit Analyst).

UNION NATIONAL BANK / Abu Dhabi / U.A.E Mar / 02 - Oct /03

COMMERCIAL FINANCE DIVISION - Commercial Finance Officer

Analyzing of the client's financials statement to determine the strength of his or her financial position, and the debt repayment capacity.

Preparing the Credit Line Proposal, which contains complete financial / trend analysis of the client’s financial position, summarization of the client’s conduct of account for the previous year, and risk / S.W.O.T. analysis.

Completing documentation and other operational procedures, upon the approval of the proposed facilities.

EXPERIENCE (continue…)

Accompany the Relationship Manager on regular visits to the existing and prospective clients to ensure customer satisfaction, and detect any business potential.

Daily monitoring of customers’ accounts to detect early warning signs like regular excesses, cheque returns, under-utilization of limits, and report them to the concerned relationship manager, till full settlement or renewal of the facility.

UNION NATIONAL BANK / Abu Dhabi / U.A.E Mar / 00 - Feb / 02

COMMERCIAL FINANCE DIVISION – Credit Analyst

Spreading the client's financial statements (Balance sheet, Income statement, and Cash-flow statement) using the Moody's Financial Analyses Software.

Preparing the Credit Line Proposal, which contains complete financial / trend analysis of the client’s financial position, summarization of the client’s conduct of account for the previous year, and risk / S.W.O.T. analysis.

Daily monitoring of customers’ accounts to detect early warning signs like regular excesses, cheque returns, under-utilization of limits, and report them to the concerned relationship manager, till full settlement or renewal of the facility

Indiana University Northwest / Division of Business. 1997 - 1999

Research / Teaching Assistant

Performed data processing for departmental research

Assist professors in the preparation and instruction of courses.

AL MUHAIRY GROUP / Abu Dhabi / U.A.E. 1995 – 1996

STAFF ACCOUNTANT

Handling financial transactions such as accounts payables, receivables, inventory, depreciation, and payroll management.

Preparing monthly financial reports.

TRAINING COURSES ATTENDED:

Advanced Credit Analyses 4th - 8th May 02

(Bahrain Institute of Banking & Finance – BIBF)

Customer Relationship Management For Corporate Bankers 19th - 21st Oct. 02

(Al Atheer Development & Management Consultancy – Dubai)

Anti-Money Laundering Techniques 16th March 03

(UAE Central Bank)

Trade Finance (Letters of Credit & Guarantees) 13th - 17th Sep 03

(Bahrain Institute of Banking & Finance – BIBF)

Islamic Banking Products (1) 13th - 15th May 06

Islamic Banking Products (2) 20th - 23th May 06

(Emirates Institute of Banking & Finance – EIBF)

Financial Analysis & Modeling Using Excel® 12th - 16th Aug 06

(GLOMACS International)

Advanced Presentation skills, 21st - 25th Oct 12

(IRR Middle East)

Effective Budgeting and cost control 16th - 21st Dec 12

(Meirc Training & consulting)

Advanced Budgeting Workshop 20th - 24th Oct 13

(Meirc Training & consulting)

Next Generation Excel: Advanced Financial Reporting 09th - 13th Nov 14

(Meirc Training & consulting)

COMPUTER SKILLS

Windows Professionals.

MS Office (Word, Excel, Outlook, Access, PowerPoint)

Moody's Financial Analyses Software.

References Available Upon Request

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