CEO Insights Magazine

In today's complex and ever-evolving business environment, the role of the Chief Financial Officer (CFO) has become increasingly crucial. As architects of financial strategy, CFOs play a vital role in propelling growth, mitigating risks, and upholding financial stability for organizations. Their responsibilities encompass more than just financial management, extending to tackling organizational challenges, safeguarding financial stability, and fostering sustainable expansion. With their invaluable expertise and leadership, CFOs contribute indispensably to the enduring triumph of organizations.

Turki Saud Alsubaiei, the CFO of Bayan Credit Bureau, is an esteemed financial executive with more than 14 years of industry expertise. Throughout his career, he has demonstrated his ability to navigate complex financial landscapes and drive results that contribute to organizational restructuring, growth, and profitability. With a diverse background, including notable positions such as an Advisor in the Minister of Finance's Advisory Department, Turki brings a comprehensive understanding of various industries and a proven track record of developing and implementing effective financial strategies. His motivation lies in fostering collaboration, optimizing financial operations, and creating value for all stakeholders, making him a driving force behind Bayan Credit Bureau's success.

In an exclusive interaction with CEO Insights Asia, Turki Saud Alsubaiei enlightens us more about professional traits and his unique play at Bayan Credit Bureau.

Could you give a brief account of your professional background and experiences?

Throughout my career, I have successfully navigated complex financial landscapes and delivered results that have contributed to the restructuring, turnaround, growth, and profitability of the organizations I have worked with or those under my portfolio. Before joining Bayan Credit Bureau as CFO, I had the privilege of working in various roles. One of my notable positions was as an Advisor in H.E., the Minister of Finance's Advisory Department, where I managed the balancing account program. This government initiative aimed at restructuring and ensuring the financial stability of industries covered under the program. Under this program, I played a key role in a groundbreaking deal that reclassified SEC's net Government liabilities into a subordinated perpetual financial equity-like instrument, making it the world's largest Islamic finance transaction. These diverse experiences have equipped me with a comprehensive understanding of various industries and a proven track record of developing and implementing effective financial strategies aligned with organizational objectives.

What is the motivation that fuels your daily routines?

I am driven by the opportunity to foster a collaborative and results-oriented environment and make a tangible impact on the financial performance and long-term success of the organizations I work with. I find great satisfaction in utilizing my financial expertise, strategic thinking, and leadership skills to optimize financial operations, identify growth opportunities, and create value for all stakeholders. It is the prospect of contributing to the success and growth of the organizations I am part of that fuels my daily routines and drives me to excel in my role as CFO.

How would you define Bayan Credit Bureau as an organization and its current position in the market?

Bayan Credit Bureau is a joint-stock Saudi company that was established in 2015 and licensed by The Saudi Central Bank (SAMA) to be the first provider of Integrated Corporate Credit Services focused on Trades information. Bayan is a semi-governmental company owned by Thiqah, Takamol, Alinma Bank, GIB Bank, and Albilad Bank. Bayan provides expertise in Credit and trade reports, portfolio management solutions, risk assessment and scoring, and Consultations. In the market, we have established a prominent position, serving as a leading provider of integrated credit services and contributing to the growth and success of our clients.

As the CFO, how do you determine the profitability of an Investment of the company?

As the CFO, evaluating the profitability of an investment is a critical task. One key measure of profitability is the free cash flow generated by the investment. Free cash flow represents the remaining cash after covering operating and capital expenses, which can be allocated towards maximizing shareholder value through avenues such as dividends, share buybacks, debt reduction, or reinvestment in the business.

To determine the investment's profitability, it is essential to assess the expected free cash flow it will generate over its lifespan. This involves estimating the cash inflows and outflows associated with the investment and discounting them to their present value using an appropriate discount rate. This approach provides a more accurate evaluation of the investment's worth and aids in identifying whether it will yield a positive return for shareholders.

Beyond evaluating free cash flow, it is crucial to consider how the investment contributes to maximizing shareholder value. This entails assessing its potential to drive revenue growth, cost reduction, operational efficiency improvement, or enhancement of the company's competitive position. Investments aligned with these objectives are more likely to generate long-term shareholder value.

Ultimately, it is vital to approach investment decisions with a long-term perspective and consider their potential impact on free cash flow and shareholder value. By doing so, the CFO ensures that the company makes prudent investment choices that deliver positive returns and contribute to sustainable growth.

Turki Saud Alsubaiei, CFO, Bayan Credit Bureau

Turki Saud Alsubaiei, the CFO of Bayan Credit Bureau, is an esteemed financial executive with more than 14 years of expertise in navigating complex financial landscapes and driving organizational restructuring, growth, and profitability. With a proven track record, Turki possesses a comprehensive understanding of various industries and excels in implementing effective financial strategies.