Summary
Overview
Work History
Education
Skills
Personal Information
Certification
Timeline
Generic
Moustafa Elhoufi

Moustafa Elhoufi

Chief Financial Officer CFO, IPO, BOD Member And Audit Committee Chairman
Riyadh

Summary

I have solid experience in KSA market, working with a publicly listed company and familiar with interacting with BOD in a corporate structure and managing IPO projects and holding and listed companies in KSA.


IPOs, Merger and acquisition, Finance and Business Transformation expert with over 20 years of extensive consulting and executive experience in the fields of Financial Management, Governance systems, due diligence and business valuation, Investment, Auditing, Accounting, Banking & Asset Management. Held senior roles in different organizations across diversified industries, dealing with challenging business strategies and planning.


Based in Riyadh, Saudi Arabia, I am currently employed as a CFO and member board of directors at Seqa holding group. Also, I am a board of directors’ member and audit committee chairman at Naqi water listed public company. And audit committee chairman at international unions for trad company – listed public company at Nomu market.


I am a Certified Public Accountant (CPA) USA (License No 08352 New Hampshire state board of accountancy) , Certified Internal Auditor (CIA) USA , certified management accountants (CMA) USA , certified financial managers (CFM) USA , SOCPA membership certificate No 208 .

Overview

34
34
years of professional experience
4
4
Certifications

Work History

Audit committee Chairman

International Unions for trade company
03.2024 - Current
  • Company Overview: IUTC listed public company at Nomu parallel market. Established 2012 to be one of its kind as a leader in the market of water, wastewater, and power throughout the Kingdom of Saudi Arabia and MENA region by supplying variety of products such as Ductile Iron, metallic, nun metallic products in forms of Pipes, Fittings, Valves, plus our strength in supply and smart metering solutions.

Chief Financial Officer "CFO"

United Seqa holding group
12.2022 - Current

Company Overview: Seqa holding group is the parent company and major shareholder of Naqi water listed company and it is a diversified group which has several strategic business units SBU and subsidiaries, the core business are plastic, bottling water, beverage, automated filling and packaging lines, automated warehouse systems, real estate, hotels, global investments.


Duties and Responsibilities:


  • Managing IPO project at the main market
  • Managing making management agreement with IHG to operate 3 hotels in Riyadh with brands Indigo, VOCO and Holiday Inn.
  • Managing processes of financing VOCO hotel project with tourism development fund TDF by 500 million SAR.
  • Developed and drove business strategy through growth, acquisition and new business ventures, leading to maximize net profits and return to shareholders.
  • Formulated detailed business plan and strategy to guide senior management team through complex financial business decisions.
  • Managing merger and acquisition projects and business valuation in collaboration with PWC big4.
  • Developing Corporate governance and Business transformation.
  • Managing a portfolio of investments.
  • Performing Restructuring and reorganization.
  • Global and local fund raising and treasury management.
  • Full implementation of SAP business one ERP.
  • Established strong relationships with external stakeholders, including investors, analysts, and regulatory agencies to promote transparency and build trust in the organization''s financial management.
  • Developed strategic financial plans to support company growth and achieve long-term objectives.
  • Collaborated with executive leadership to establish budgetary guidelines and allocate resources efficiently across the organization.
  • Enhanced profitability with cost reduction initiatives, such as renegotiation of supplier contracts and process improvements.
  • Enhanced cash flow management through the development of robust forecasting models, ensuring optimal liquidity for business operations.
  • Led budgeting process, collaborating with department heads to allocate resources strategically and ensure alignment with organizational goals.
  • Tracked cash flow and financial planning to analyze company's financial strengths and weaknesses and propose strategic directions.
  • Initiated strategy to drive company growth and increase market share and profitability.
  • Evaluated investment opportunities diligently, contributing to informed decisions regarding potential projects and their expected returns.
  • Directed budget development, budgetary controls and recordkeeping to make informed financial decisions.
  • Advised Board of Directors on strategic financial matters, providing insightful recommendations backed by thorough analysis.
  • Managed complex capital projects from inception through execution, ensuring timely completion within budget constraints and delivering expected returns on investment.

Board of director member and Audit committee chairman and CMA and Tadawul representative

Naqi water listed public company
01.2021 - Current

chief financial officer CFO

Madr investment holding company
04.2021 - 11.2022

Company Overview: Madr is one of the top leading and most successful diversified investment and real estate holding companies. Madr.com.sa


Achievements:


  • Managing private placement projects to increase capital.
  • Contribute to establish various real state funds.
  • Managing IPO project at Nomu market.
  • Implementation of SAP Business one ERP.
  • Contribute to new Acquisitions of a lot of real estate investments and prepare feasibility studies and valuation.
  • Working with multinational advisory firms like night frank and JLL and colliers in preparing feasibility studies of various mega real estate projects.

chief executive officer CEO and IPO project manager

Naqi water listed public company
09.2020 - 04.2021
  • Managing and leading successful IPO projects in the main market including preparing readiness assessment and resolving gaps, financial and legal due diligence, risk factors, strategy, equity story, business overview, valuation, MDA report, prospectus drafting, managing roadshow and bookbuilding and listing processes.
  • Developing corporate governance system and internal policies.
  • Implementation of SAP Business one ERP.
  • Performing business transformation and restructuring and reorganization.
  • Successful new acquisitions with an added value of about 700 million SAR.
  • Maximize the bottom line from 35 million in the year 2019 to 79 million at the end of 2020 and to 78 million at the end of 2021.
  • Maximize the company value from 600 million to 1400 million.
  • Conversion to IFRS.

Chief financial officer "CFO"

Seqa holding group
08.2019 - 04.2021

Chief financial officer "CFO"

Packaging Products company
03.2018 - 07.2019

Group Chief Financial Officer "CFO", and shared services director ( HR , IT , Administration )

Lemal holding company
11.2016 - 02.2018
  • Company Overview: Saudi Plastic Factory holding Company "SPF" – Closed Joint Stock.
  • Saudi Plastic Factory holding Company "SPF" – Closed Joint Stock.

Group chief financial officer "CFO" and shared services director.

Madaen Star holding Group
01.2014 - 10.2016
  • Company Overview: It is a diversified group which has various strategic business units SBU and subsidiaries in Real estate development (Malls, strip malls, residential and commercial projects, industrial cities, warehouses, funds, raw and developed lands), contracting, construction, Gas and Oil (SASCO and Zaiti Subsidiaries), manufacturing, FMCG, Retail, trading, travel and tourism, entertainment.

Chief financial officer "CFO"

Nayyara company
01.2007 - 12.2013
  • Company Overview: (Hospitality , Hotels, Real Estate , fast moving consumer goods FMCG, Retail, catering , food & beverage service and restaurants).


Finance director

Zahran Holding group
01.2005 - 12.2006
  • Company Overview: It is a diversified group which has various strategic business units SBU and subsidiaries Real estate, contracting, construction, maintenance and operation, Electronics and Air conditioning and home appliances, tourism and travel, trading, Retail and Wholesale.


Internal Audit Manager

Saleh Almadaifer Investments Group
05.2002 - 11.2004
  • Company Overview: Industrial, tiles and block manufacturing, transportation, ready mix concrete , Retail and Wholesale.

Financial manager

Batergee medical and pharmaceutical Group
01.1999 - 02.2002
  • Company Overview: Medical, pharmaceutical and hospitals, fast moving consumer goods FMCG.

Accounting Manager

Batergee medical and pharmaceutical Group
01.1992 - 12.1998
  • Company Overview: Medical, pharmaceutical and hospitals, fast moving consumer goods FMCG.

Education

Certified Public Accountant (CPA) -

Institute of Public Accountants (AICPA)
07.2009

Certificate of Internal Auditing (CIA) - undefined

Institute of Internal Auditing
Florida, USA
11.2007

Certificate of Management Accountant (CMA) - undefined

Institute of Management Accountants (IMA)
07.2005

Certificate of Financial Management (CFM) - undefined

Institute of Management Accountants (IMA)
New Jersey, USA
07.2005

Bachelor’s degree of Accounting - undefined

Alexandria University
Alexandria, Egypt
05.1990

Skills

Managing Initial public offerings IPO

Personal Information

  • Date of Birth: 1970-04-17
  • Nationality: Egypt
  • Marital Status: Married

Certification

CPA

Timeline

Audit committee Chairman

International Unions for trade company
03.2024 - Current

Chief Financial Officer "CFO"

United Seqa holding group
12.2022 - Current

chief financial officer CFO

Madr investment holding company
04.2021 - 11.2022

Board of director member and Audit committee chairman and CMA and Tadawul representative

Naqi water listed public company
01.2021 - Current

chief executive officer CEO and IPO project manager

Naqi water listed public company
09.2020 - 04.2021

Chief financial officer "CFO"

Seqa holding group
08.2019 - 04.2021

Chief financial officer "CFO"

Packaging Products company
03.2018 - 07.2019

Group Chief Financial Officer "CFO", and shared services director ( HR , IT , Administration )

Lemal holding company
11.2016 - 02.2018

Group chief financial officer "CFO" and shared services director.

Madaen Star holding Group
01.2014 - 10.2016

CPA

07-2009

CIA

11-2007

Chief financial officer "CFO"

Nayyara company
01.2007 - 12.2013

CMA

07-2005

CFM

07-2005

Finance director

Zahran Holding group
01.2005 - 12.2006

Internal Audit Manager

Saleh Almadaifer Investments Group
05.2002 - 11.2004

Financial manager

Batergee medical and pharmaceutical Group
01.1999 - 02.2002

Accounting Manager

Batergee medical and pharmaceutical Group
01.1992 - 12.1998

Certificate of Internal Auditing (CIA) - undefined

Institute of Internal Auditing

Certificate of Management Accountant (CMA) - undefined

Institute of Management Accountants (IMA)

Certificate of Financial Management (CFM) - undefined

Institute of Management Accountants (IMA)

Bachelor’s degree of Accounting - undefined

Alexandria University

Certified Public Accountant (CPA) -

Institute of Public Accountants (AICPA)
Moustafa ElhoufiChief Financial Officer CFO, IPO, BOD Member And Audit Committee Chairman