Chief Financial Officer

1- Ensure effective participation with the group management and company managers in preparing the strategic plan for the group and the management operational plan, which includes the following:

-The financial strategies of the group and its companies are as follows:

• Financial goals: revenues, whether total or for each company (as a whole or detailed by the branches -in the logical - in the region - by the delegate) - the profitability objectives of the group and each company (profit for the revenue - profit for the total assets of the department) - the liquidity objectives of the group and each company - the financial efficiency objectives of the group and each company (nventory days - customer days - total cost per riyal of revenue - asset turnover)
• Capital purchases (assets) for the group and its companies to ensure cost control and maximize return on capital within the group at all levels.
• Financing goals with the best features that guarantee securing the necessary financing for the group companies; operations, investment projects and expansions.
• Investment goals through effective management of an investment portfolio - the ceiling of which is determined by the board of directors - aimed at creating diversification and addition in the current companies; business or to open new business areas, diversifying the groups business and distributing risks.
• Strategies to control and rationalize costs, whether direct or indirect, by searching for alternative sources or alternatives that do not compromise quality.

-The operational strategies for all financial and accounting operations, which include the following:

• Preparing the annual estimated margin project for the group and its companies.
• Managing the accounting operations of the group and each company effectively and efficiently according to standards
• Managing banking financial operations including loans and scheduling transfers and overdrafts effectively and efficiently according to standards.
• The necessary technical guidance and advice for employees of the financial administration and accounting.
• Financial advice required for managers of companies and departments, which is reflected in the development and improvement of the performance and financial indicators of their companies and departments.
• The necessary advice regarding the financial impacts of management decisions as well as market conditions through research and study documented in the form of a report with the expression of financial opinion on asset acquisition or disposal operations, as well as major investment decisions and their impact and risks on the group ;s financial condition.
• Applying internal control procedures for arrest and disbursement operations and the integrity of the financial system in accordance with the approved regulations and policies and in light of the financial powers established for each party or person within the group.
• Approval of the Groups financial statements and final reports as the point of contact with the external auditor.

-Development and growth strategies, which include the following:

• Developing a guide for preparing estimated budgets in a way that achieves and ensures controlling the items of the operating budget and the capital expenditures budget, linking them to the balance of cash flows, and approving them by the senior management of the group.
• Contribute to the development of the financial policy and procedures within the company.
• Organizational and administrative development of the company, which includes:
• Contribute to developing the internal financial policy and procedures.
• Policies and procedures for the development and implementation of the departments employees.
• The available technical programs and ensuring the commitment of the Departments employees to apply them and participate in their development as users, in a manner that --serves to provide complete data for preparing financial management reports and managing accounts.
• Developing the human cadre of the administration, managing its performance and raising it productivity, by building a second and alternative row for each job, distributing goals and costs to the employees of the department and following up on their achievement, so that each accountant of a company manages and closes company accounts in an integrated manner until the annual closing phase and issuing the audited budget.

-Internal customer strategies that include the following:

• Achieving a high level of satisfaction through the reports submitted that support decision-makers from the board of directors, executive management and company directors.
• Achieving a high level of satisfaction through the advice and opinion provided that supports decision- makers from the board of directors, executive management and company directors.

2. Ensuring the achievement and implementation of the planned and agreed-upon goals, whether quantitative or qualitative, effectively (advancing the most important over the important) and efficiently (time, effort and cost), which include the objectives of the financial management or support the executive management in following up the companies ’plans in partnership with the managers.

3. Ensure coordination and follow-up and prepare reports that clarify the financial performance of the group and its companies compared to the estimated budget and compared to the period of last year, and the implications for updating pre-prepared future forecasts, presenting them and discussing them with the senior management on a monthly basis, which include the following:

• Accurate analysis of the revenue / sales item compared to the estimated budget and the corresponding month of the last year (total revenue - company revenue - in the main departments of each company), with an analysis of the deviation aspects, causes and corrective actions based on his prior technical discussion with company managers.
• Accurate analysis of profitability indicators compared to the budget and the corresponding month of last year (profit for revenue - profit for total assets - for the group - for the company - in the department), with an analysis of the deviation aspects, causes and corrective measures, based on his prior technical discussion with company managers.
• Accurate analysis of indicators of financial efficiency of the group companies (inventory days - receivables days - suppliers days - total costs for revenue - sales of total assets), based on cash