Chief Financial Officer
Resume:
Mostafa Shaalan
*******.*******.****@*****.***
https://www.linkedin.com/in/mostafa-shalaan-07283316b Professional Summary
Finance leader with over 16 years of experience driving strategic financial management, IPO preparation, ERP implementation, and audit compliance. Proven track record in reducing losses, optimizing investments, and leading financial transformation across various industries in Saudi Arabia and Egypt. Currently pursuing an MBA with a focus in Accounting and Finance Management from IBAS – Switzerland.
My financial leadership approach is rooted in five core pillars: accounting, finance, investment, costing, and development. These principles guide my decision-making and have consistently driven measurable improvements in profitability, efficiency, and organizational growth. Professional Experience
Group Chief Financial Officer (CFO)
Hamomah Holding CO. Multi Sector (Medical, Pharma, Hospitality, Real Estate, Contracting, Trading) NOV 2024 – Present
Abha, Saudi Arabia
• Developed and executed investment strategies that enhanced profitability by identifying high- return ventures and optimizing capital allocation.
• Maximized asset efficiency, resulting in improved returns through structured investment plans and operational cost controls.
• Redesigned and aligned financial management structure, accounting goals, internal controls, and department policies, boosting compliance and financial transparency.
• Led the transformation of the group into a Closed Joint Stock Company, paving the way for IPO readiness.
• Established comprehensive financial governance frameworks in line with CMA regulations, including internal policies and reporting structures.
• Orchestrated the financial separation of subsidiaries, preparing individual financial statements for group restructuring and IPO compliance.
• Oversaw the audit and consolidation process of 12 subsidiaries, ensuring IFRS compliance and timely reporting.
• Conducted feasibility studies for new business opportunities, supporting strategic expansion with in-depth financial analysis.
• Defined financial targets and implemented KPIs tailored to each subsidiary, enabling performance tracking and accountability.
• Negotiated and managed bank relationships, securing funding, optimizing cash flow, and minimizing financing costs.
• Ensured full compliance with Zakat, VAT, and regulatory requirements, reducing risk and enhancing financial credibility.
• Provided strategic financial advisory to the board and CEO, including scenario planning, risk assessment, and return optimization.
• Led cost-reduction and efficiency initiatives, achieving savings without impacting service delivery or operational integrity.
Chief Financial Officer (CFO)
Al-Omran Industrial Trading (Public Joint Stock Co.) Oct 2023 – Oct 2024
Riyadh, Saudi Arabia
• Reduced net losses from SAR 13M to SAR 3M within one fiscal year through financial restructuring and cost control
• Collaborated with external auditors to ensure compliance with regulatory requirements, successfully obtaining audited financial statements.
• Prepared and submitted Zakat and tax reports, ensuring compliance and accuracy in all financial reporting.
• Developed investment strategies and provided management with insights on profitable business ventures, driving growth and profitability.
• Optimized asset utilization to maximize returns through strategic investments and efficient asset management.
• Implemented ERP system (Odoo), enhancing reporting efficiency by 90% and streamlining data access across departments.
• Developed and implemented the Accounting Department's goals, policies, and internal controls, improving operational efficiency and compliance.
• Enhanced the financial well-being of the company by providing financial projections and developing growth plans that supported long-term success.
• Review and evaluate manufacturing costs by analyze and assess production costs to ensure financial accuracy and efficient resource management. Finance Manager
Damietta Furniture City (Closed Joint Stock Co.)
Oct 2020 – Oct 2023
Damietta, Egypt
• Developed and executed a five-year financial turnaround plan that reversed persistent company losses and achieved profitability by 2023.
• Introduced structured KPIs and enhanced budget controls to drive fiscal discipline.
• Oversaw financial reporting, budgeting, and coordination with banks for optimal cash management.
• Collaborated with external auditors to ensure compliance with regulatory requirements, successfully obtaining audited financial statements.
• Prepared and submitted tax reports, ensuring compliance and accuracy in all financial reporting.
• Developed investment strategies and provided management with insights on profitable business ventures, driving growth and profitability.
• Assisting in the optimal use of the entity assets to achieve the maximum possible return
• Implemented ERP system (Microsoft Business Central 365), enhancing reporting efficiency by 70% and streamlining data access across departments.
• Monitor and control the company expenses and recommend opportunities for cost reduction
• Hire, train, and build the finance and accounting department team.
• Analyze costs, pricing, variable contributions, sales results, and the company’s actual performance compared to the business plans.
• Correspond with various other departments, discussing company plans and agreeing on future paths to be taken.
• Dealing with banks to determine the interest rate on current accounts, deposits, and treasury bills. Finance Manager
Safa Bed (Startup Co.)
From Aug 2019 to Sep 2020
Damietta, Egypt.
• Collaborated with external auditors to ensure compliance with regulatory requirements, successfully obtaining audited financial statements.
• Follow-up the movement of the actual exchange and feed accounts to meet checks issued and coordination with banks on the scheduling of transfers and overdrafts and the proposal on the management of the company how appropriate to liquidity.
• Organize and properly file financial and accounting documents for safe keeping.
• Maintain and implement ERP system and Development.
• Monitor and control the company expenses and recommend opportunities for cost reduction
• Participate in producing monthly management accounts, budgets, and forecasts.
• Implement the Accounting Department's goals, projects, policies, and controls
• Direct the general accounting activities including maintenance of general ledgers, analysis of computer printouts and review of payroll records
• Hire, train, and build the finance department team Chief Accountant
Alsamaani Factory for Metal Ind – SADR Logistics. (Public Joint Stock Co.) Jan 2013 - Jan 2019
Riyadh, Saudi Arabia
• Conduct financial analysis and prepare reports for management, providing actionable insights for informed decision-making.
• Implemented ERP system (Microsoft Dynamics AX 365), enhancing reporting efficiency by 70% and streamlining data access across departments.
• Perform month-end accounting activities, including reconciliations and journal entries, to ensure accurate financial reporting.
• Generate financial reports and statements for managerial review, ensuring clarity and accuracy in documentation.
• Analyze financial discrepancies and propose effective resolutions to maintain the integrity of financial data.
• Monitor expenditures and analyze revenues, reporting budget variances to management for strategic adjustments.
• Assist in budget preparation and expense management for assigned accounts, contributing to effective financial planning.
• Support auditing activities by providing necessary documentation and preparing requested information for auditors
• Review with Cost Manager regarding manufacturing cost valuation by analyzing and evaluating production costs to ensure financial accuracy and efficient resource management. Chartered Accountant
My Own OFFICE
Jan 2011 - Dec 2012
Damietta, Egypt
• Audit and prepare financial statements in compliance with Egyptian financial reporting standards, ensuring accuracy and transparency.
• Conduct independent financial audits to assess and verify the organization’s financial position and compliance with regulations.
• Provide strategic financial advice by reviewing company systems, analyzing risks, and recommending improvements to enhance financial performance.
• Advice clients on tax planning strategies within current legislation, helping to minimize tax liabilities
• Produce detailed reports and actionable recommendations following internal and public-sector audits to support informed decision-making.
• Liaise with tax authorities and government agencies on behalf of clients, including the Commercial Registration and Investment Authorities, to ensure compliance and facilitate smooth. Chartered Accountant
Accounting and Auditing Office Tax - Mr. El-Saied EL- Abbasi July 2007 - Jan 2011
Damietta, Egypt
• Training for Chartered Accountant Tasks.
Education
• MBA – In Progress
International Business Academy of Switzerland (IBAS) Major: Accounting & Finance Management Expected Jan 2026
• Bachelors in Accounting
Damietta University 2006
Certifications & Courses
• CertIFR – ACCA (International Financial Reporting) – 2024.
• Accounting and Financial Statement Analysis – 365 Financial Analyst – 2024.
• FP&A: Building a Company's Budget – 365 Financial Analyst – 2024.
• Ifsah Professional Exam – Saudi Stock Exchange – 2023.
• Microsoft Specialist (ERP Dynamics AX 365) – 2019.
• CMA Part 1 – New Way Institute – 2015.
• Chartered Accountant (CA) – Egypt, Membership #28123 – 2011. Key Skills
• IPO Readiness
• Financial Restructuring
• Strategic Planning & Budgeting
• Financial Analysis & Reporting
• IFRS, Zakat & Tax Compliance
• ERP Systems (Microsoft Dynamics AX, Odoo, Business Central)
• Cost Control & Budget Management
• Investment Strategies & Risk Mitigation
• Team Leadership & Development
Contact this candidate