Ahmed Rafia, MBA

Armas Co. LTD., established in 1991, Through its main Brand "Maromix" became a trusted provider of high-quality indoor furnishings and decor in KSA. •Directed comprehensive financial planning and instituted robust internal controls, enhancing the accuracy and reliability of financial records across the organization. •Streamlined monthly close processes, improving efficiency to support timely, data-driven decision-making for executives. •Redesigned and optimized SAP B1 system, implementing advanced modules that improved process efficiency and supported real-time financial tracking. •Developed and implemented essential insurance policies to align with the company’s risk management goals, protecting valuable assets. •Collaborated with external auditors, proactively addressing findings and implementing corrective actions to ensure regulatory compliance. •Led strategic budgeting and financial reporting for internal and external stakeholders, contributing to a structured and growth-oriented financial strategy. •Ensured full tax compliance by overseeing accurate Zakat, VAT, and income tax filings, reducing risks of potential liabilities. •Successfully secured a long-term interest-free loan from the Saudi Industrial Development Fund (SIDF), including the preparation and defense of a comprehensive business plan. •Established and enhanced the Human Resources system •Supervised the integration with the Saudi e-invoicing system in compliance with the Ministry of Finance’s requirements •Developed periodic financial and management reports, including Board of Directors reports •Negotiated with key clients to significantly reduce the average collection period from 70 days to 35 days, enhancing cash flow and strengthening working capital management. •Led successful negotiations with major suppliers and onboarded new vendors, transitioning most purchases from cash-based to credit terms, and extending payment periods up to 60 days, improving liquidity and financial flexibility.

Covertina, a leading player in Egypt’s chocolate and sweets industry, employs 1,200 workers and has a production capacity of 150 tons per day. - Led the restructuring of financial operations, establishing new strategies and workflows - Successfully implemented the Odoo ERP system, replacing a manual system to streamline processes - Established a comprehensive costing and internal control system aligned with business needs and accounting principles - Enhanced the company’s financial structure by negotiating improved banking terms and extending facilities by 150% - Reviewed and optimized insurance policies to safeguard company assets against manufacturing and natural risks

BMIC, a subsidiary of Egypt Kuwait Holding (EKH), was established in 2008 in the cement sector and has grown into a leading investment company in the MENA region. - Established and structured the financial department from the ground up, recruiting and developing a skilled team - Provided strategic leadership in finance, overseeing the finance and accounting departments - Designed and implemented organizational policies, ensuring alignment with external audits and GAAP/IFRS standards - Developed a comprehensive asset register to maintain and track fixed assets - Led the implementation of SAP ERP, ensuring that all business modules were aligned with company needs - Played a key role in tax compliance, ensuring timely submission of tax declarations and overseeing tax inspections - Innovatively applied new accounting treatments that boosted annual revenue by EGP 17M through better customer incentive allocations - Built and managed a standard cost accounting system, enhancing product costing accuracy and financial transparency - Developed a payroll system that integrated finance and HR, reducing errors and improving efficiency - Negotiated with banks to reschedule long-term syndication loans and established new overdraft facilities to cover working capital needs during periods of economic downturn

DOMTY is a market leader in the FMCG sector, specializing in dairy product manufacturing and marketing since 1989 - Established the Cost Department, designing and implementing cost control systems and strategies - Led a team of accountants, providing training and mentoring while overseeing all cost reporting and analysis - Developed systems for inventory control and milk supplies using Visual Basic and MS Access, applying FIFO pricing strategy - Played a key role in the company’s Due Diligence process in 2005 - Developed the company’s cash flow system using Microsoft Excel, improving liquidity management - Successfully reduced production waste, increasing the company’s profit margin by 5% - Initiated and managed the company’s annual budget from 2008, ensuring robust budgetary controls - Created a suite of reports to analyze and track daily sales performance - Led the implementation of Oracle ERP in collaboration with an external vendor, customizing the system to meet company needs

Co-managed a trading company in 6th October City, handling all business operations until exit in February 2002