Farhat Al Barwani

Strategic Financial Leadership
• Develop and execute financial strategies to support the company’s long-term
business goals and capital structure.
• Advise the CEO and Board on financial performance, risks, and opportunities.
• Lead financial aspects of new project development, expansions, and asset
optimization.

Financial Planning & Analysis
• Prepare and manage the company’s annual budgets, forecasts, and long-term
financial models.
•Evaluate cost-saving opportunities without compromising operational quality or

Facilitated accounting processes to ensure accurate financial reporting.

Ensure accurate and timely financial reporting in compliance with IFRS and Omani
laws.
• Oversee statutory audits and liaise with external auditors.
• Ensure compliance with SAOC corporate governance requirements, CMA reporting,
and Ministry of Commerce & Industry or TAX Authority filings

Managed treasury operations to optimise cash flow and working capital.

Manage company cash flow, working capital, and banking relationships.
• Lead financing activities, including debt structuring, refinancing, and equity funding
for expansion.
• Maintain relationships with lenders, investors, and government stakeholders

Risk Management & Internal Controls
• Maintain strong internal controls to safeguard company assets.
• Oversee risk management frameworks, including currency, interest rate, and
operational risks.
• Ensure adequate insurance coverage for plant assets and operations.
Stakeholder & Board Relations
• Prepare and present financial updates, board papers, and investor reports.
• Represent the company in meetings with regulatory bodies, shareholders, and
financing institutions.
• Support shareholder relations in line with SAOC disclosure standards.

Led strategic finance initiatives to align financial objectives with overall business goals

Assisted Director in advising ASAAS leadership on finance-related matters, enhancing decision-making processes

· Provide inputs to the strategy team for creating the ASAAS business strategy · Develop the ASAAS Business Plan in line with the business strategy

· Develop and maintain finance policies, processes, and procedures, in line with local regulations and leading international practices

· Manage strong business relationships with key stakeholders such as Shareholders, Authorities and Banks

· Support the Director in evaluating projects from a financial and risk perspective

Managed financial accounting processes to maintain operational efficiency.

Developed periodic financial statements, balance sheets, and income statements, sharing them with internal and external stakeholders to inform decision-making.

· Provide guidance and ensure timely financial transaction processing, recording, and reporting · Manage and monitor accounts payable and receivable

· Lead the management of timely reconciliation of general ledger accounts and all bank accounts

· Ensure timely processing of payroll of employees and timely distribution of due payments to vendors, suppliers, and third‑party consultants etc.

· Manage the preparation and filing of tax such as income tax, withholding tax, VAT etc. · Manage all audit activities leading to the Annual AGM approvals of Financials

Corporate Finance:

· Participate in the annual business plan preparation process

· Develop and monitor the annual budget in collaboration with other departments

· Prepare financial models, undertake financial forecasting and analysis to recognize trends and business expansion opportunities and provide key insights to the senior management

· Prepare financial plan and variance report (surplus or deficit) on a periodic basis between planned budget and actuals to highlight room for cost optimization wherever possible

· Prepare reports for evaluating new projects and all strategic initiatives from a financial risk perspective

Managed treasury operations to ensure liquidity and financial stability.

· Support on debt structuring for projects and provide support in securing funds/financial deals needed for ASAAS and its subsidiaries

· Develop monthly analysis report of cash flows to prepare monthly variance reports and capital expenditure reports and provide insights for optimization

· Perform cash and liquidity management and reporting through continuous monitoring of ASAAS bank accounts and promptly communicate and liquidity concerns

· Maintain relationships with financial institutions and proactively seek new investors for ASAAS

Oversaw accounting system controls

· Manage and ensure all controls and integration for accounting system and sub ledgers including accounts payables and receivables

· Support continuous improvement in financial and reporting systems

· Manage data update and cleaning in SAP, other financial software, and maintenance of new systems (e.g., GEARS)

Facilitated team development initiatives to enhance departmental performance.

· Provide inputs to the departmentʼs workforce plan to ensure the availability of right resources in coordination with the HR & Admin department

· Set objectives for the department and manage their performance in an effective manner

Mentor, coach, motivate and challenge direct reports providing opportunities for learning and development in association with the HR & Admin department

Lead and manage the end-to-end accounts payable process. Prepare cash flow forecasts (short-term and long-term). Develop and implement financial policies and procedures. Leadership & Strategy

• Ensured timely, accurate processing of invoices and payments, contributing to improved cash flow management.
• Maintained strong vendor relationships, negotiating favourable payment terms to enhance supplier engagement.
• Implement and maintain internal controls to prevent fraud and errors.
• Oversee AP aging reports and ensure optimal working capital management.
• Drive process improvements and automation initiatives.
• Oversee daily cash flow management and liquidity planning.
• Manage banking relationships and negotiate banking facilities.
• Monitor and manage loans, credit lines, and financial instruments.
• Ensure optimal fund allocation and investment strategies.
• Manage foreign exchange exposure and financial risk mitigation.
• Ensure compliance with financial regulations and reporting requirements.
• Prepared comprehensive treasury and AP reports for senior management, facilitating informed financial decision-making.
• Lead, mentor, and develop AP and Treasury teams.
• Contribute to financial planning and strategic decision-making.
• Lead, mentor, and develop AP and Treasury teams.
• Develop and implement financial policies and procedures.
• Contribute to financial planning and strategic decision-making.

• Achieved monthly sales targets while delivering excellent customer service.
• Resolved customer inquiries and complaints to enhance service quality and maintain customer loyalty.
• Handled ticket issuance, refunds, and payment processing to streamline customer transactions.
• Sold airline tickets while processing reservations, rebookings, and cancellations to ensure customer satisfaction.
• Provided accurate information on fares, schedules, baggage, and travel policies.
• Assisted customers with special requests and travel documentation guidance.
• Maintained booking records using airline reservation systems (e.g., GDS).