Fuzail Zubaid-Ahmad

Founder & Chairman Board of Directors at QafExpress
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Contact Information
us****@****om
(386) 825-5501
Location
Pakistan, PK
Languages
  • English Native or bilingual proficiency
  • Arabic Limited working proficiency

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Nouman Rafiq

Fuzail is a great mentor and an extremely hard working person. One can learn a lot under his guidance. He is a person with a Vision. On a personal note, he is an intelligent person with warm personality and always guides others to the best of his knowledge. I wish him the best in his future endeavors.

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Credentials

  • Certified Public Accountant
    Association of International Certified Public Accountants
    Jun, 2015
    - Nov, 2024
  • Certified Management Accountant
    IMA | Institute of Management Accountants
    Dec, 2013
    - Nov, 2024

Experience

  • QafExpress
    • Pakistan
    • Internet Marketplace Platforms
    • 1 - 100 Employee
    • Founder & Chairman Board of Directors
      • Nov 2022 - Present

      Together with other 2 founders, I am currently setting up the company to launch its 2 Apps in Pakistan, Saudi Arabia and Norway. KafCoupons, Pakistan's first discount coupons offering App is ready and currently we are onboarding Pakistan's premier eCommerce platforms as Affiliate Partners to offer their discount coupons on KafCoupons. An extensive promo campaign to achieve target downloads is scheduled to begin in the third week of March, 2023. Concurrently, we are working on readying our multistore eCommerce platform App/website, and by May 2023 we will launch it in Norway and Saudi Arabia with local investors onboard. Show less

  • TEU Global
    • United States
    • Transportation, Logistics, Supply Chain and Storage
    • 100 - 200 Employee
    • Consultant - Corp. Communications
      • Jul 2019 - Jun 2023

      I developed a team of young business graduates to develop and manage the company's brand marketing with meaningful presence on Social Media platforms (LinkedIn, Twitter, Instagram and YouTube) to establish and promote corporate image. We also share our promotional contents through emails with over 2000 clients and target prospects. I also manage the quality of company's social media presence, corp. website, marketing material including videos and artwork. I developed a team of young business graduates to develop and manage the company's brand marketing with meaningful presence on Social Media platforms (LinkedIn, Twitter, Instagram and YouTube) to establish and promote corporate image. We also share our promotional contents through emails with over 2000 clients and target prospects. I also manage the quality of company's social media presence, corp. website, marketing material including videos and artwork.

  • Infinitum Innovations
    • Telecommunications
    • 1 - 100 Employee
    • Shareholder & Director Finance
      • Jul 2017 - Jun 2019

      I invested in this startup and then worked as Director Finance for the company in its early years. During my tenure the company grew to having its office space under management from 10,000 sq ft in only Islamabad to over 50,000 sq ft expanding to premier locations in Karachi and Lahore. I invested in this startup and then worked as Director Finance for the company in its early years. During my tenure the company grew to having its office space under management from 10,000 sq ft in only Islamabad to over 50,000 sq ft expanding to premier locations in Karachi and Lahore.

  • Nesaj Real Estate Development Company
    • Alkhobar, Saudi Arabia
    • Vice President Finance
      • Jan 2015 - May 2017

      Nesaj is a company belonging to Al Fozan Holding, which is the majority shareholder in many listed and privately held companies, including Extra. While I was heading the overall Finance function at Nesaj, I handled the following major tasks: > Successful transformation from simple GL based accounting software, to implementing the ERP Finance Module (VisualSoft that is a local lookalike of Microsoft Dynamics AX 365) > Oversight of the accounting and finance department of a wholly owned, medium size construction contracting company > Management and oversight of a US$100m real estate fund, from launching to closing > Feasibility Analysis of real estate development projects in the Eastern Region > Heading the Accounting & Finance function responsibilities, including zakat filing > Establishing an effective Budgeting and Cost Control environment > Conducting critical analysis of completed projects, on KPI's > Developing Policies & Procedures manual > Negotiating and finalizing project financing line with a foreign bank Show less

  • Delta United Contracting Co. Ltd.
    • Riyadh, Saudi Arabia
    • Chief Financial Officer
      • Jul 2011 - Dec 2014

      Delta is a fast growing contracting company taken over in January 2011 by Ghassan Ahmad Alsulaiman Group. I was deputed as CFO to this company, to support the company in improving its Accounts and MIS. At Delta, my responsibilities are as follows:  Improving Delta’s overall financial management, administrative and compliance affairs as the company is now targeting from under US$3m annual turnover to over US$30m by end 2013, with fresh equity injection from the Group and new bank lines.  Overall financial responsibility and strategic decision-making based on accurate and relevant information.  Responsible for corporate finance and financial management; and developing controls and systems, financial strategy, planning, management accounting reports, cash management, liaising with stakeholders, legal, communication/negotiation with prospective customers, optimisation of corporate tax and procurement and overseeing the operations. Notable Accomplishments:  Effectively revamped the entire accounts department with new ERP implementation, personnel and policy framework.  Developed a concise and yet highly informative ‘Financial Dashboard’, to analyse each of the over 100 projects in hand, and highlight the weak areas, through variance analysis.  Established an MIS department to develop and manage the ‘Management Dashboard’ and produces stakeholder reports on weekly and monthly basis.  Cleaned the balance sheet from the backlog of bad financial and other assets.  Successfully negotiated new bank lines (project financing and working capital) of over US$20m.  Developed funding structures for each project undertaken, and new policies and procedures manual for the company.  Successfully established accountability and responsibility matrix within the organisation and ensured that the company was able to achieve breakeven in March 2012, and then facilitated steadily rising profits. Show less

  • Ghassan Ahmad Al Sulaiman Development Company
    • Saudi Arabia
    • Investment Management
    • 1 - 100 Employee
    • Vice President & CFO
      • Dec 2009 - Jun 2014

       Fulfilled two-fold responsibilities of CFO and Portfolio Manager. Also served as member of the ‘Audit Committee’ of IKEA Saudi Arabia, as well as Al Mathaaq – a restaurants holding company - and also acted as a CFO of Delta United, a telecom contracting company newly taken over by the group.  Managed a growing investment portfolio of the group, which also owns IKEA Saudi Arabia. Total assets under management exceed SR1bn and projected to rise to over US$350m in the next 12 months. Oversaw group’s investments in diverse sectors, comprising real estate development, urban regeneration, civil works contracting, venture capital and private equity funds, investment banks, food and beverages, fashion retailing, telecom, hydroponics farming, information technology, etc.  Oversaw the maintenance of accounts of the holding company, preparation of financial statements and management accounts/reports and managed external audit.  Monitored capital and cash budgeting and managed relations with sister and associate companies and bankers.  Provided advice to sister and associate companies on matters relating to legal issues, accounts, financial management and corporate finance  Conducted in-house and outsourced feasibilities/valuations of new projects, and made recommendations along with regular performance evaluations of existing portfolio companies. Notable Accomplishments:  Successfully led Restaurants business initiatives, targeting US$100m revenues in 5 years. Arranged equity investment of USD75m.  Successfully led the initiative of tourism development company, with initial equity capital of US$35m. Outsourced feasibility studies and business plans for investing in 12 tourism projects, worth over US$100m.  Successfully led the task of developing a comprehensive business and financial model for the urban regeneration of old city, Jeddah (KSA), valued at over US$5bn. Show less

  • HAK Investment Group
    • Türkiye
    • Capital Markets
    • 1 - 100 Employee
    • General Manager Investments
      • Aug 2006 - Apr 2010

      It is a diverse group, with interests in real estate, trading, manufacturing, serviced offices, etc. Total investments from the Group exceeded US$300m.  Reported to the Chairman of the group and headed a team of accountants and investment analysts.  Managed treasury function, as well as capital and cash budgeting exercise for the group and its subsidiaries.  Led the implementation of MS Great Plains ERP on the group and its subsidiary companies.  Developed and managed a comprehensive investment policy for the group.  Produced financial reports and feasibility reports for recommending direct and financial investments of the group.  Regularly analysed performance of group’s portfolio companies and other financial investments. Notable Accomplishments:  Conducted project valuations for proposed new investments, including analyzing and bidding for Dammam Port management’s privatisation, worth more than SR1bn.  Developed a comprehensive financial model for the leading group company with a total balance sheet footing of SR1.5bn, with diverse activities in the real estate chain. This was a major part of the exercise to convert this largest group company into a ‘Close Joint Stock Company’.  Coordinated with a leading bank and a financial advisory company, to design an open ended real estate investment fund of SR400m. This fund was a mix of Sakuk and equity investments.  Played a major role in developing the feasibility study and information memorandum for an affordable homes development company with a paid-in capital of US$80m. Show less

  • GEO News Live TV
    • Broadcast Media Production and Distribution
    • 200 - 300 Employee
    • Executive Director, Projects & Investments
      • Nov 2001 - Aug 2006

      It is Group with diverse interests in newspapers, TV Channels, trading, real estate, etc  Reported to the CEO and Chairman of this large business group.  Conducted research and feasibility analysis for the group, for making direct and financial investments.  Developed several comprehensive feasibility reports for the group’s investment, with a combined worth of over US$400m. Major reports included an exclusive business TV channel, an exclusive business newspaper with its own printing press together with a weekly magazine relating to the stock market in Pakistan, mega commercial real estate developments, newsprint paper manufacturing setup, etc.  Managed short and long term investments portfolio of the group, amounting to more than US$200m. A high return on investment (ROI) was maintained throughout the tenor.  Wrote regular research reports and newspaper articles on fiscal, monetary and capital market developments Notable Accomplishments:  Designed, developed and managed a unique structured finance transaction for the Group, total size US$200m, involving sales of future receivables and issuance of a bond backed by these receivables. This bond was sold to institutional investors involving major banks.  Developed many research reports including a major one on the high-risk bank exposures in Pakistan, and the mitigating factors to be adopted by the central bank and the banks carrying these exposures. Show less

  • Kashmir Polytex Limited
    • Karachi and Gadoon Tax Free Zone
    • CFO
      • Oct 1998 - Oct 2002

      It is a medium-sized company listed on the Stock Exchange.  Reported to the Chairman and the Board of Directors; managed the entire finance department and had the liabilities towards banks worth over US$130m restructured with the banks. Notable Accomplishments:  Personally negotiated and signed with a leading European brand, with 100% technology transfer.  Negotiated new working capital facilities with project’s financial institutions, amounting to US$110m.  Successfully raised US$75m in private equity from angel investors and a venture capital fund. Show less

  • JCR VIS Credit Rating Company
    • Assistant Vice President
      • Mar 1995 - Sep 1998

      It was the third largest global rating agency till year 2000, and now owned by Fitch. Reporting to the Deputy Managing Director Credit Ratings, I accumulated the following experience: • Completed a 3 month risk training in Chicago USA with Duff & Phelps Credit Rating Company • Developed comprehensive methodologies for credit and equity risk due diligence • Carried out due diligence for several credit rating assignments both in USA and Pakistan, with a combined market size of over USD2.5bn, including two structured finance transactions (total USD750m) and developed rating reports • Provided ratings on 2 sovereign bond issues from Pakistan, one in respect of future receivables of PTCL (USD340m) and one in respect of National Power (USD1.25bn). • Set up financial consulting arm of a group company, in which were handled many assignments in corporate finance advisory, corporate restructuring and bank training assignments • Delivered a consulting assignment for a major bank, for providing comprehensive financial due diligence of a diverse group of companies, with net-worth exceeding USD400m. I developed a set of recommendations for the bank, and upon the bank’s request, developed an all-inclusive debt covenant signed by the bank with the group. • I was a part of a team that developed a financial data base and a mathematical model to develop credit risk ratings of bank borrowers Show less

  • Standard Chartered Mercantile Leasing Company Ltd.
    • Manager Corp. Finance
      • Mar 1993 - Mar 1995

      Reporting to Head of Corporate Finance, my responsibilities and achievements were as follows: • Handled several corporate finance advisory assignments from trade and industry • Handled underwriting assignments in respect of 3 Initial Public Offerings from industrial sector companies • Managed lead underwriting assignment for a USD200m bond issue, two syndicated loan assignments, one corporate financial advisory to home mortgage company, etc. • Conducted credit due diligence and analysis of Corporates, for equity and bond IPO’s, Secondary Public Offerings, big ticket leases and working capital loans • Managing the leasing and loans portfolio amounting to USD650m Show less

Education

  • Institute of Business Administration
    Master of Business Administration - MBA, Dual Majors; Finance & Marketing
    1990 - 1993
  • B.E. Avionics Engineering
    College of Aeronautical Engineering, Pakistan, Avionics Engineering
    1980 - 1984

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