Large Automotive Distribution & Transportation Business
- Headquartered in Jeddah, the client is an established and well-reputed automotive distribution and transportation business.
- Advised the Board, Family Members and Senior Management on the Group’s debt and operational restructuring.
- Negotiated debt restructuring with the Groups’ 14 lenders after carrying out detailed diagnostic of the entire business and preparing realistic and achievable financial projections, in light of COVID-19 and increased taxation (VAT and Customs Duty) in KSA from July 2020.
- Assisted Senior Management in the implementation of cost reduction and other strategic initiatives, resulting in cash preservation and enabling the Group to implement its revised corporate strategy and target operating model.
Large Industrial, Contracting and Trading Conglomerate
- Headquartered in Riyadh, the Group is one of the oldest and most well-reputed industrial, contracting and trading conglomerate in the Kingdom of Saudi Arabia.
- Advised the Shareholders and Board on SAR 1.5 billion of debt restructuring with 13 international and local financial institutions.
- Negotiated the syndicated restructuring term sheet with all lenders.
- Worked with the Management Team in developing and implementing a cost reduction program, in light of the challenging times faced by the construction and building materials industry.
- Advised the Group in rationalizing its legal structure and implemented Corporate Governance framework for better accountability, timely reporting and decision making across the Head Office and all operating entities.
Initial Saudi Group
- With a staff strength of 22,000+ employees, Initial Saudi Group specializes in providing integrated facilities management and security solutions to a vast array of public and private sector entities across Kingdom of Saudi Arabia.
- Worked with Group’s in-house IT team and external consultants in implementing Oracle ERP solution across HR, Finance, Procurement & Projects divisions.
- Led the design and implementation of a mobile application which revolutionized the service delivery model by giving clients the option of subscribing to ‘on-demand’ services.
- Developed and implemented revised Organization Structure and Delegation of Authority (DoA) matrix, in line with the re-designed business model with heavy focus on automation.
Al Jaber Group
- Al Jaber Group is one of the largest multi-disciplinary family conglomerates based in Abu Dhabi. The Groups’ main business lines are construction, heavy lifting, transportation, logistics, manufacturing, industrial and trading activities.
- Served as Chief Transformation Officer & Group Chief Financial Officer.
- Worked closely with and won the trust of Lenders’ Committee (Co-Com) representing 30+ financial institutions, by providing revised financial projections and timely updates on matters pertaining to USD 1.6 billion debt restructuring negotiations.
- Prepared a detailed Transformation Plan, after conducting diagnostic of all operating subsidiaries and Head Office support functions. The plan got the buy-in of all stakeholders and covered potential revenue enhancement and cost reduction initiatives, with a special focus on optimizing working capital.
