Changing Economic Landscape In GCC | CEOInsightsAsia Magazine

Changing Economic Landscape In GCC

Chief Financial Officers (CFOs) from the Gulf Cooperation Council (GCC) play a pivotal role in shaping the financial landscape of their respective organizations. With a focus on prudent fiscal management and strategic financial planning, these executives navigate the complexities of a dynamic business environment. CFOs in the GCC are instrumental in steering their organizations through the intricacies of the regional and global business landscape. Their multifaceted roles encompass financial stewardship, risk management, technological adaptation, and a commitment to sustainable practices. CFOs are tasked with overseeing financial operations, ensuring compliance with regulatory standards, and optimizing resource allocation. Given the diverse industries prevalent in the region, from oil and gas to finance and real estate, CFOs must exhibit versatility in their financial strategies. Moreover, CFOs in the GCC demonstrate a keen understanding of technological advancements shaping the financial landscape.

Modern-day CFOs Have a Bigger Role to Play
By: Sujith Vasudevan, Managing Editor
According to the World Bank, the pace of economic growth in the GCC is set to pick up momentum in the next two years as the countries continue with their diversification efforts.

APAC Mobile Operators: Transitioning from Telco to Techco
By: Mei Lee Quah, Director, Frost & Sullivan
Overall, the total 5G revenue in the APAC region will increase from $232.85 billion in 2022 to $387.30 billion in 2027

Digitalisation in Facilities Management

By: Natalie Craig, Managing Director, C&W Services

The role of facilities management services and expertise continues to evolve as the demand for efficient and sustainable buildings increases. The Singapore facilities management market is expected to have an annual

Transforming Digital Process Automation During New Normal

By: Dr. Kaushik Sengupta, Product Head – Food SAR Region, Bureau Veritas Group

With 19+ years’ experience in the verticals like audit, certification, training, quality functions, Dr. Kaushik is increasing the digital process

HR Priorities In The Age Of Business Transformation

By: Ruby J. , CHRO, AboitizPower

I am currently part of the Transformation Team which is focused on driving the transformation of the Aboitiz Group to become the first Philippine “Techglomerate”.

Learning & Development – Need & Importance

By: Tulika Srivastava, Head – L&D, Altisource

With over 18 experience in the L&D vertical, Tulika believes in and drives transformational HR through definite strategies and qualitative analysis on performance.

Top 10 CFOs From GCC – 2023

Navigating Finances, Guiding Growth

Chief Financial Officers (CFOs) from the Gulf Cooperation Council (GCC) play a pivotal role in shaping the financial landscape of their respective organizations. With a focus on prudent fiscal management and strategic financial planning, these executives navigate the complexities of a dynamic business environment. CFOs in the GCC are instrumental in steering their organizations through the intricacies of the regional and global business landscape. Their multifaceted roles encompass financial stewardship, risk management, technological adaptation, and a commitment to sustainable practices.

Precision in Finance, Power in Leadership: CFOs are tasked with overseeing financial operations, ensuring compliance with regulatory standards, and optimizing resource allocation. Given the diverse industries prevalent in the region, from oil and gas to finance and real estate, CFOs must exhibit versatility in their financial strategies. Moreover, CFOs in the GCC demonstrate a keen understanding of technological advancements shaping the financial landscape. Embracing innovations like fintech and digital transformation, they drive efficiency and transparency in financial processes. This positions their organizations as agile players in the global business arena. Financial stewardship extends beyond the balance sheet for GCC CFOs. Sustainability and environmental, social, and governance (ESG) considerations are increasingly becoming integral to their decision-making processes. Balancing profitability with responsible corporate citizenship, CFOs contribute to the long-term sustainability and reputation of their organizations. Collaboration with other C-suite executives is another hallmark of effective GCC CFOs. As strategic partners to the CEO, they actively contribute to the formulation and execution of business strategies. As the region continues to evolve, the role of these financial leaders will remain crucial in ensuring the financial health and resilience of their organizations.

CEO Insights Asia in this issue presents a list of ‘Top 10 CFOs from GCC - 2023' who have leveraged their extensive industry expertise and experience in offering effective skills to the market. The following list has been prepared after being closely scrutinized by a distinguished panel of judges including CXOs, analysts and our editorial board. We recognize their valuable contribution to the ever expanding and competitive market and their ability to sustain themselves and emerge as top contestants through their reliable knowledge.

Top 10 CFOs From GCC – 2023

Company Management	Company Name	Company Description
Ahmed Elsayed , CFO	Sulalat Coffee	A dynamic leader with over 16 years of experience in the industry, committed to ensuring that the company's financial operations run smoothly and that they continue to achieve their goals and grow in a competitive industry
David Guy , CFO	Awasr	An accountant leader with experience in the power, water, infrastructure and logistics sectors and diverse of experiences with a career span of 2 decades as well as sales and financial
Joerg Schuessler , CFO	Ceer	An experienced financial leader with extensive experience in the automotive sector, specializing in financial planning, budgeting and funding
John Ioannou , Group CFO	AW Rostamani Group	An internationally accomplished leader with over 30 years of demonstrated history in delivering strong results in the food & beverage, automotive, financial services, real estate, media, renewable energy, healthcare and environmental industries
Muhammad Aamir , Group CFO	Al Faisaliah Group	A finance executive with over 25 years of experience in diverse industries including FMCG and oil field services and working knowledge in multicultural and collaborative business environments
Musaab Faris Bingaradi , CFO	Oman Oil Marketing Company	A spectacular leader with more than a decade of experience in the financial and management sector and skilled in financial, services, trade and insurance
Rishi Gupta , CFO	BitOasis	A senior finance leader and customer-obsessed partner with proven-track record of making and influencing strategic decisions for long-term growth and sustainability
Sharjil Anwa , CFO	Dubai Holding	A senior executive well versed in all aspects of accounting, auditing and financial management, with excellent experience in organizational restructuring and improvement portfolio development and consequential implementation
Subhas Chandra , CFO	Diyar Al Muharraq	A visionary leader having expertise and strategic financial acumen, that continues to steer the company's success in the dynamic Gulf region real estate market, gained valuable experience, enhancing his professional skills and leadership style
Sultan Al Mamari , CFO	EDO	A stunning leader with over 18 years of experience in the oil and gas industry, spanning upstream and integrated sectors, as well as executed financial plans, budgets, forecasts, and reports for various projects and initiatives

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