Elhadi Ali, CMA

Experience

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  Arthur Young International, Certified Accountants, Sudan

  Jan 1989 - Aug 1992

  Senior Auditor

  Gained extensive experience and training at AY, which was one of the Big 4.

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  Al-Omani Institute for Vocational Training, Muscat, Oman

  Aug 1992 - Oct 1994

  Finance Manager

  Financial management: Accountable for the preparation of financial statements, balance sheet, income statement, statement of cash flow, payroll administration, operating budget, annual budget, variances analysis, cost analysis, risk analysis, and cost control. Maintenance of the transaction processing systems, financial record keeping, fixed assets, accounts receivable and accounts payable documentation.

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  The Financial Corporation (FINCORP)

  Nov 1994 - Oct 2009

  Established an accomplishments-driven career highlighted by rapid acceleration to higher responsible positions in 15 years of career growth.Worked in partnership with the CEO. Led services functions, including accounting and finance operations, HR, IT, brokerage, and business administration. Managed Al Amal Fund (owned and managed by Fincorp) operational comprises back office, custody, admin, and other requirements.• Directed and orchestrated strategic mergers and acquisitions initiatives, leading to seamless integrations and augmented market presence.• Collaborated closely with legal and operational teams to negotiate transaction terms, ensuring alignment with organizational objectives.• Supervised post-merger integration processes, including financial system integration, synergy realization, and cultural harmonization.NOTABLE ACHIEVEMENTS:• Developed and executed a strategy for main market listing, aligning with company strategy and BOD vision.• Involved in an acquisition of a real estate organization process from the due diligence through project completion. The investment sold later at 100% profit.• Implemented a cash management system and reduced cost by 30%. Fincorp distributed 20% cash dividend for the first time.• Managed an IPO as a project leader, working closely with the CLO, regulators, and banks. The IPO exceeded the target levels and generated a net profit exceeded $ 2 million in 3 months.• Worked as a Board Secretary and Audit Committee Secretary for twelve years. Successfully managed shareholders' relations. Show less • Post-merger, promoted and appointed as Head of Internal Audit, Compliance, and Board Secretary to assist in monitoring operational risk through regulatory examination, audit testing, and legal reviews. • Ensured the compliance with rules and regulations of the Capital Market Authority (CMA).• The CMA awarded the Company for the best corporate governance and best post-merger integration.• Demonstrated knowledge of local laws, corporate law, labour law, and capital market regulations. • Helped the Company in drafting and reviewing HR policies, operational policies, procedures, process improvement, clients, and employee contracts, and other legal forms. Show less

  • EVP Finance and Admin | Chief Financial Officer CFO | Board and Audit Committee Secretary

    Jun 2005 - Oct 2009

  • Compliance Officer | Internal Auditor

    May 2003 - Jun 2005

  • Financial Controller, Finance Director and Board Secretary

    Nov 1994 - May 2003
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  Al Maha Financial Services LLC

  Nov 2009 - Aug 2020

  General Manager | Chief Operating Officer

  Reported to the Board and oversaw departmental heads encompassing accounting, finance, HR, IT, compliance, share brokerage, corporate finance, asset management, research, and private equity.NOTABLE ACHIEVEMENTS:• Structured and negotiated investment agreements, meticulously aligning with the firm's investment standards and risk-return parameters. • Oversaw the portfolio of investments, continually monitoring financial performance and implementing strategies to enhance value creation.• Helped founders establishing a strategic plan for succession and restructuring a sizable local portfolio.• Identified investment opportunities in various assets classes including private equity, bonds, equities, REIT, and mutual funds.• Supported an acquisition of a closed joint-stock company and facilitated post-acquisition integration. Show less

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  Muna Noor International Group of Companies

  Oct 2020 - Jan 2023

  Group Chief Financial Officer

  Orchestrated financial strategy for a diversified group encompassing construction, trading, and investment, enhancing financial performance and compliance.• Led budgeting, reporting, and planning functions, providing strategic recommendations for business growth.• Provided recommendations to enhance financial performance and business opportunities strategically.NOTABLE ACHIEVEMENTS• Directed due diligence and acquired an excellent business model company that added value to the group.• Restructured the group finance and considerably improved the capital to debt ratio. Show less

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  FOS Energy LLC

  Jan 2023 - now

  Group Chief Financial Officer

  Directly report to the Board of Directors, guiding strategic initiatives and decision-making processes.• Oversee risk management, financial planning, and reporting, and compliance.• Engage in cross-functional collaboration to streamline cash flow management processes.• Manage supplier and vendor relationships, enhancing operational efficiency and service quality.NOTABLE ACHIEVEMENTS• Played a pivotal role in orchestrating a rapid turnaround of the company within a single year.• Secured funding for facilitating the acquisition of a new contract and supporting business growth. • Implemented effective KPIs to monitor financial performance and enhance operational efficiencies.• Championed cost-control initiatives, delivering substantial savings and enhancing overall profitability.• Ensured adherence to accounting standards and best practices. Show less