Experience

PENTIUM IT
• Egypt
• Information Technology & Services
• 1 - 100 Employee
• Chief Executive Officer

  • Jan 2021 - Present


Mohammed Abdulmohsin Al-Kharafi & Sons

• Kuwait
• Construction
• 400 - 500 Employee

• Chief Financial Officer

  • Dec 2011 - Dec 2019

   Leading the group finance, administration, and HR teams across 8 group companies located in Egypt and Kuwait.  Responsible for group financial management, reporting, investment strategy, investor relations, board of directors management, and governmental affairs.  Manage an investment portfolio of US$ 1B and yearly turnover of US$150M.  Advisor to the Group Chairman on all financial and administrative affairs.  Leading the group finance, administration, and HR teams across 8 group companies located in Egypt and Kuwait.  Responsible for group financial management, reporting, investment strategy, investor relations, board of directors management, and governmental affairs.  Manage an investment portfolio of US$ 1B and yearly turnover of US$150M.  Advisor to the Group Chairman on all financial and administrative affairs.



Mohamed Abdul Mohsin Al Kharafi and Brothers Construction and Contracting Company

• Finance & Administration Director

  • Apr 2004 - Dec 2011

   Owner and coordinator of day to day affairs of the Company with the Executive Director.  Single point of contact with all bank accounts with power for second signature on all financial transactions.  Review and approve all payments, cash, checks, and all entry vouchers.  Follow-up on all bank movements, reports to Head Office daily and weekly providing the banks position with limit of facilities, deposits, call accounts, forward dealing reports etc.  Approve and sign all local and international purchase orders, L/Cs, Money transfers etc. Dealing with Banks, Insurance companies, Transfer of funds to various branches according to Head Office instructions and co-ordinate with Head office on various matters.  Solely responsible for the financials of all other affiliates in UAE (Admak, MAK, Kharafi Swimming, Pools and National Piling Company) as well as various insurances, Workmen’s Compensation, Contractor’s All Risks, Fixed Assets and Stocks, Buildings and Equipments for all the project works.  Negotiator with Banks for establishing new facilities or renewal, also coordinate with Technical department to prepare new projects budget and cash flows.  Prepare financial analysis reports to the Top Management with leverage ratios, liquidity rations, customer’s turnover and average collection period. Highlight the strong and weak points, on how to improve the financial and profitability ratios etc. Show less

• Financial Controller

  • Sep 2002 - Mar 2004

   Prepare financial analysis to top management with leverage ratios, liquidity ratios, customer’s turnover and average collection period.  Highlight the strong and weak points on how to improve financial ratios and KPIs, profitability ratios and KPIs, and net profit to invested assets (working capital).  Advice top management on sales cash/credit concentration with profitability, discounts, collection of receivables, break-even analysis, working capital, customer’s turnover and coverage ratios. Show less



Arabi Holding company

• Appliances, Electrical, and Electronics Manufacturing
• 1 - 100 Employee

• Group Financial Controller

  • Mar 1990 - Jun 2002

   Manage the financial department for the Arabi Holding and the 5 subsidiaries listed above.  Responsible for generating consolidated accounting statements, review, and approve all payments, cash or checkes, and all entry vouchers.  Follow up on all bank movements and issue weekly reports to top management showing bank position with limit of facilities, deposits, call account and forward dealing reports.  Follow up on bills payable and promissory notes with maturity dates.  Submit weekly bank utilization report to the management.  Follow up on all Monthly Costing Reports for all the subsidiaries and divisions.  Follow up on Bank Guarantees to others and receiving guarantees in our favor.  Monitor and report on cash flow for group companies with applicable analysis on surplus or deficit.  Follow up of companies insurance as required, project insurance, Workmen’s Compensation, Stock, Assets, Buildings and Equipment Insurance.  Yearly stock taking for Companies Assets such as materials, goods, furniture, vehicles and equipment and do the appropriate re-conciliation.  Prepare Trading, Profit and Loss, and Balance Sheet Statements.  Negotiate with Banks for establishing new facilities or renewal, co-ordinate with Technical Department to prepare new projects budget and cash flow.  Prepare financial analysis with comments to top management with leverage ratios, liquidity ratios, customer turnover, and customer average collection period.  Highlight the strong and weak points, on how to improve the financial ratios, profitability ratios, net profit for invested assets (working capital) advise on sales cash/credit concentration with pricing, discount and collection of receivables and pass my comments as per the collection.  Managed the Accounting Department team consisting of 22 Accountants, 4 Secretaries, 6 Bill Collectors and 2 Cashiers. Show less



Kharafi Global Trading & Cont. Co

• Inspector Controller / Chief Accountant

  • Apr 1985 - Feb 1990

   With M.A. Kharafi Establishments and Factories Co. in Kuwait i was in charge of the Financial Department in Kuwait as well as for Sanna (Yemen) operations. Worked as a senior in the Financial Control Department from Feb. 1988 they appointed me as Chief Accountant of Isofoam Insulating Materials Plants in Kuwait. I audited accounts for M.A. Kharafi (Kuwait Region) for Contracting, Kuwait British Ready-mix Co., British Ready-mix Co., Aluminum Industries Co., Mechanical Electrical International Co., Agencies Division, Isofoam Insulating Materials Plant and National Piling Co.  Study the internal regulations, Financial Rolls and authorized persons for payment signature, purchasing, signing contracts, appointments and monitor the accounts to be as per the internal control system.  Cash and Bank Account Control.  Calculate and allocating control for entry vouchers.  Review, plan, and coordinate proper insurance coverage programs in accordance with company’s business activities.  Review and evaluate the bidding process related to the contractors and purchase orders including checking the interim payments for Sub-contractors.  Auditing, recording and analyze the fixed assets, reallocation of depreciation expenses, supervising the control of stock which includes physical inventory and reconciliation between physical inventory records, prepare inventory records and adjusting the entries.  Check cost and value reports and monthly discussion with Finance Manager.  Audit the budget and comparing with the actual expenditure.  Audit the company activities’ including Administration, Technical, Purchasing and Material Department.  Promoted as Chief Accountant to look after Isofoam Insulating Plants which is one of the largest companies in the Middle East for insulating materials with branches in Egypt, UAE, Morocco, and South Africa. Show less



Ernest & Young

• United States
• Religious Institutions
• 1 - 100 Employee

• Auditor

  • Aug 1982 - Apr 1985

   Conduct auditing work with ERNST & YOUNG Kuwait office during this period has audited various companies with different activities in Oil Sectors, Contracting, Investments, Trading, Industries and Shipping Companies.  The scope of audit interim touched all accounts of expenses, income, assets, liabilities, shareholders equities, plus article of association, Board Meeting, Company Chart, Finance Rolls, Accounts, Internal Control, Investment & Agency Contracts, Profit and Loss, Balance sheet and final comments on the accounts systems.  Major Companies audited include: o Kuwait National Petroleum Company o Kuwait Oil Company o Petrochemical Industries Company o United Arab Shipping Company in Kuwait & Jordan o United Building Company o Kuwait European Investment Company o Sultan Brothers Group o Al Mashare & Al-Khatresh Company Show less



General Arab Contracts

• Accountant / Auditor

  • Aug 1980 - Jun 1982

   Prepare entry vouchers, payment vouchers, receipt vouchers, store issue, payroll and bank reconciliation.  Audit company accounts and prepare financial reports including trading account, profit and loss, balance sheet statement.  Prepare entry vouchers, payment vouchers, receipt vouchers, store issue, payroll and bank reconciliation.  Audit company accounts and prepare financial reports including trading account, profit and loss, balance sheet statement.