Mohamed T. ITANI

Experience

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  PwC

  Oct 2006 - Nov 2017

  Transactions services - Specialized in financial due diligence, valuations and financial feasibility studies (banking and other industries):I have managed teams and delivered on the following assignments:- Financial due diligence ("FDD") in connection with the IPO of the National Commercial Bank in KSA (2nd largest global IPO-2014)- FDD exercise in connection with the rights issues of a listed KSA Islamic Bank- FDD in connection with the acquisition of a leading electronic payments processing business in the Middle East and Africa- FDD in connection with the acquisition of a leading electronic payments processing company in Lebanon- FDD in connection with the acquisition of a leading Islamic Banking Group in the Middle East (18 subsidiaries in the MENA region)- Fair market valuation exercise in connection with the acquisition of a chain of pharmacies operating in Egypt- FDD in connection the acquisition of the retail arm of Citibank Egypt- FDD in connection with the potential merger of 2 Lebanese Banks- Financial valuation of a post office company in the Middle East- FDD in connection with the acquisition of a F&B entity including a chain of coffee shops and manufacturing of food products.- FDD in connection with the acquisition of a pharmaceutical manufacturing company in KSA and a food trading and distribution company in UAE- FDD and fair market valuation for a Facility Management company in KSA- Financial feasibility study in connection with the potential investment in a restaurant cluster project in Lebanon.- Fair market valuation exercise for two leading FMCG entities in the Levant region, in connection with a potential merger - FDD for a top 10 bank in Lebanon in connection with its acquisition- Financial feasibility study and license application preparation for a Lebanese bank, as part of its plan to establish branches in Iraq- Financial feasibility study for the establishment of a financial institution in Lebanon Show less 1. Documented detailed understanding of cycles and processes of the key activities (customer deposits, loans, investments, purchasing, billing, etc.) and performed controls testing and identified control weaknesses and inefficiencies.2. Managed the complete audit cycle from client acceptance to final reporting and clearance.3. Led client communication and met with finance managers, CFOs, CEOs and shareholders to clear findings and attend to their questions and concerns.4. Was in charge of all regulatory reporting aspects on banking engagements I have worked on in Lebanon.5. Identified management letter points for clients in addition to internal control weaknesses.6. Presented several banking and methodology trainings (PwC internal).7. Managed cross-functional teams of auditors and IT analysts, coached teams and monitored their progress through regular feedback sessions.8. Collected a deep understanding of the dynamics of corporate and retail lending in banks, in addition to controls in place to mitigate potential risks.9. Created audit programs and related testing for the Banking Corporate and Retail lending cycles, while monitoring testing and reporting on findings.10. Performed and reviewed loan loss testing (loan review) on a significant number of loan files in several banks.11. Applied DCF methodology under IAS39 to compute shortages / excess in provisions.12. Gathered a lot of experience and knowledge with regards to Banque du Liban ("BDL") and the Lebanese Banking Commission reporting and requirements for Lebanese banks and financial institutions.13. Drafted audit opinions and was responsible for internal (partner) and external clearance (clients).14. Acquired very good accounting knowledge and identified challenges faced by clients while applying IFRS.15. Attended several IFRS and methodology trainings.16. Acquired good knowledge of Islamic Banking and Shari'ah compliant products Show less

  • Deals (Transactions) - Director

    Jan 2011 - Nov 2017

  • Audit - Assistant Manager

    Oct 2006 - Dec 2010
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  ZRE

  Dec 2017 - Aug 2023

  Group CFO and Head of Shared Services
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  Confidential

  Sept 2023 - now

  Portfolio CFO