Adel Ali

Accomplished, results-driven Chief Financial Officer (CFO) and Senior Financial Manager with over 20 years of robust experience steering complex corporate financial operations, multi-million dollar budgeting, and strategic asset management across Egypt and Saudi Arabia. Proven track record in maximizing cash flow efficiency, engineering precise project cost control, and managing large-scale statutory tax compliance (Egyptian & Gulf VAT / ZAKAT). Adept at partnering with executive boards to mitigate financial risks, optimize operational lean structures, and drive high-impact profitability in General Contracting, Hospitality, and Commercial sectors.

Financial Manager (Annual Budgets > SAR 250M) at SAMA Group - Mamdouh Bin Mohamed Khashi for General Contracting (2021-06 – 2026-07)

• Financial Leadership: Directed full-scope financial operations and commercial budgeting for heavy-duty contracting and construction projects, successfully managing annual budgets exceeding SAR 250 Million.
• Cost Optimization: Engineered strict project cost control frameworks and leveraged data analytics, achieving a notable 15% reduction in operational costs and overhead expenses.
• Corporate Reporting: Prepared, audited, and presented comprehensive period-end corporate financial reports (Balance Sheets, Income Statements, and Cash Flows) directly to the executive board.
• Tax Compliance: Managed full statutory compliance, successfully filing complex period-end VAT returns and ZAKAT declarations with the Zakat, Tax and Customs Authority (ZATCA).
• Strategic Advisory: Advised the executive board on cash flow optimization and working capital safety nets, driving enterprise-wide financial stability and corporate liquidity.

Director of Financial & Accounting Affairs at SAMA Group - Magdi Mohamed Khashi Advertising Agency (2013-05 – 2019-01)

• Fiscal Transparency: Orchestrated daily accounting pipelines, verified operational expenses, and formulated granular P&L reports to enhance fiscal transparency and executive decision-making.
• Lean Budgeting: Standardized corporate cost auditing workflows to enforce lean budgeting, successfully driving an 8% increase in net profit margins compared to previous fiscal periods.
• Risk Control: Eliminated financial variances and tightened controls over cash disbursement, resulting in highly optimized cash liquidity and minimized asset exposure.
• Talent Development: Supervised, mentored, and upskilled 10+ financial department team members, dramatically boosting workflow accuracy, reporting speed, and organizational morale.

Financial Manager at All Seasons for Hotels and Management (2012-09 – 2013-03)

• Asset & Ledger Control: Supervised fixed asset registers, controlled high-volume prepaid accounts, and engineered precise period accrual mechanisms for a luxury resort.
• Cash Flow Acceleration: Streamlined high-velocity accounts receivable collection processes to mitigate bad-debt financial risks and maximize liquid cash reserves.
• Reconciliations: Maintained and structured complex supplier reconciliations, bank accounts balancing, and approved high-value journal voucher postings.

Financial Manager at Grand Sharm Resort Company (2003-08 – 2012-08)

• Commercial Credit Management: Directed hotel accounting workflows, authorizing commercial credits submitted by banquets and corporate sales teams to protect revenue streams.
• Payroll & Benefits: Managed payroll audits, wage tax calculations, and structured total employee benefits compensation plans in compliance with local labor laws.
• Internal Auditing: Monitored and evaluated performance records of Wage Accountants, Night Auditors, and Income Auditors to ensure strict adherence to international hospitality operational manuals.
• Key Achievement: Honored as 'Employee of the Month' (April 2007) in recognition of extreme dedication, financial integrity, and reporting precision.

Certified Management Accountant (CMA) Program in Management Accounting – Ain Shams University Open Learning Center (in collaboration with IGA) (2007-09)

Bachelor of Commerce in Commerce – Faculty of Commerce, Zagazig University (2001)