Mohamed A.
Senior Finance Executive
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About
Mohamed A. is a seasoned Chief Financial Officer (CFO) with over 35 years of distinguished experience in financial leadership, particularly within Saudi Arabia's medical, industrial, trading, contracting, and retail sectors. He excels in restructuring neglected finance functions, including the clearing of overdue year-end closes and Zakat/VAT filings while optimizing operating costs. Mohamed skillfully implements ERP systems for enhanced multi-branch financial control and secures bank financing solutions to propel business expansions. Renowned for doubling net margins from 10% to 20%, he has successfully grown clinic networks by conducting feasibility studies to support strategic expansions. Mohamed is adept at rebuilding and managing finance teams, offering strategic advice on pricing and risk management, ensuring compliance with IFRS and ZATCA, and steering financial transformations. His educational background includes a degree in Commerce with membership in the Egyptian Society of Accountants and Auditors.
Experience
Finance Manager
IVAN Dental & Dermatology Clinic · 2024 — 2025Completed the overdue 2023 and current 2024 year-end closes alongside the financial statements and balance sheets. Coordinated with the external auditor and authorities to file annual Zakat returns for 2023–2024 as well as monthly and quarterly VAT returns. Achieved recovery of approximately SAR 200K in overpaid input VAT for the 2023–2024 period. Transitioned the company to a new online ERP system for enhanced financial control and reporting across branches. Conducted feasibility studies for new-branch expansion and arranged bank financing, factoring in debt-service costs. Rebuilt and trained a finance team of 15 members while establishing a cost-accounting system for the clinic.Financial Advisor
Sada Al Ammah Ltd. for Communication & Information Technology · 2023 — 2024Finalized the overdue year-end closes, financial statements, balance sheets, and comprehensive financial analysis for 2022 and 2023. Developed the planning budget exceeding SAR 50M for 2024, which included periodic variance analysis and cash-flow monitoring. Activated the ERP system's procurement/inventory and HR & payroll modules to enhance financial control. Re-priced government tenders and products, which contributed to increasing the project pipeline and improvement of net margins. Secured approximately SAR 23M in bank financing against guaranteed government receivables to manage projected cash deficits. Rebuilt and trained the finance team and managed the filing of Zakat and VAT returns.Finance Manager
Nova Dental Group · 2020 — 2023Cleared a backlog of four years' worth of records from 2019 to 2022 including year-end closes, financial statements, balance sheets, and Zakat/VAT filings. Optimized total operating expenses by reducing headcount payroll by 10% relative to revenue and decreasing rental overheads by 5% through strategic branch relocations. Doubled the net profit margin from 10% to 20% on total revenue of over SAR 80M while growing the branch network from 9 to 17 locations, supported by feasibility studies. Transitioned to a new online ERP system for real-time financial control across multiple branches and updated medical service pricing to meet competitive market conditions. Rebuilt and trained a finance team of over 25 members.Finance Manager
TOJ Medical Complex (Al-Hayat Medical Clinic) · 2019 — 2020Oversaw full-cycle accounting and managed month-end close, financial reporting, and Zakat/VAT compliance for the head office and all branches.Finance Manager
Al Haleef Trading & Industrial Company · 2018 — 2019Prepared the 2018 year-end close and financial statements for three divisions—industrial, trading, and services—and filed Zakat returns. Fully activated the ERP system within the organization, including procurement/inventory and HR & payroll modules, to improve financial control. Established and administered bank credit facilities exceeding SAR 60M with various banks while managing SAR 24M annually in documentary credits, loans, and foreign transfers. Developed an industrial cost-accounting system along with annual cost schedules for factories. Crafted a planning budget of over SAR 100M for 2019, setting sales-pricing policies based on budgetary and cost data.Finance Manager / Chief Accountant
Alrazi Medical Supplies · 2017 — 2018Managed financial reporting, year-end close, budgeting, and Zakat/VAT compliance for the company's medical operations.Chief Accountant
Ram Clinics · 2015 — 2017Oversaw full-cycle accounting, accounts payable and receivable functions, month-end close, and financial reporting for multiple branches.Finance Manager
Shumua Alamal For Special Education and Rehabilitation Company · 2008 — 2015Led the financial reporting and analysis processes using Oracle ERP, which included consolidation, budgeting, variance analysis, and management reporting over eight years.Finance Manager
Alrowad Alkaligaya Holding for Management & Services Ltd. · 2005 — 2007Directed the finance function for the holding company, encompassing consolidated financial statement preparation, budgeting, and cash-flow management.Finance Manager
Bin Hassan Group for Construction & Trading · 2002 — 2004Managed project accounting, financial reporting, cost control, and banking relationships across construction and trading operations.Chief Accountant
Ada Laundry Company Ltd. · 1994 — 2002Handled full-cycle accounting activities, payroll, month-end close, and year-end financial statements for an eight-year period.External Auditor
Mansour & Mohamed El Shabrawy Office for Accounting and Auditing · 1990 — 1994Conducted audit and financial review assignments across various industries, including preparation and review of financial statements per applicable accounting standards (IFRS). Reviewed accounting records and ledgers for accuracy and compliance, supported tax compliance activities by preparing tax returns and reconciliations. Performed financial analysis and account reviews, identifying discrepancies while providing financial advisory support to clients and enhancing internal control procedures.
Skills & Expertise
Education
- B.Sc. in Commerce — Accounting DivisionCairo University · — — 1990