Head of Treasury

About the Role:

• Develop and execute the group treasury strategy including liquidity planning, capital structure optimization, short-term investments, and financial risk management across all entities and regions.
• Build and maintain strong, strategic relationships with local and international banks to enhance credit capacity, optimize borrowing costs, and ensure access to financial services that support business operations and growth plans.
• Oversee day-to-day treasury operations, including cash positioning, bank reconciliations, payment execution, intercompany settlements, and ensuring adequate liquidity for business continuity.
• Negotiate credit facilities, overdrafts, Letters of Credit (LCs), Letters of Guarantee (LGs), and ensure competitive terms to support business needs.
• Lead group cash flow forecasting, covering short, medium, and long-term horizons, integrating inputs from finance, operations, and business teams.
• Design and implement a robust cash management operating model, including treasury processes, documentation standards, control checkpoints, approval workflows, and escalation procedures.
• Establish and enforce treasury policies, procedures, and internal controls, ensuring compliance with internal audit standards, SAMA/CMA/ZATCA regulations, and IFRS-related treasury implications.
• Evaluate new banking products, digital cash tools, and treasury management technologies to improve visibility, control, reduce operational costs, and enhance efficiency (e.g., virtual accounts, API integration).
• Ensure efficient debt structuring, optimize use of available funding sources, and maintain healthy leverage ratios aligned with the group s capital allocation and risk appetite.
• Oversee treasury system integration and automation, including ERP-bank connectivity, automated payment platforms, digital approval cycles, and real-time dashboards for liquidity and FX exposure.
• Provide strategic insights and reporting to the management, including scenario modeling, working capital KPIs, FX impact analysis, and cost of capital updates.
• Support investor relations and rating agencies in preparing treasury-related disclosures and compliance certificates (e.g., debt servicing, liquidity ratios, capital adequacy).
• Build, lead, and mentor a high-performing treasury team, driving collaboration, continuous improvement.

Bachelor s or master s degree in finance, Accounting, Economics, or a related field., Professional certification preferred (CFA, CTP, ACT).

• 8+ years of treasury or corporate finance experience, with at least 5 years in a leadership role and deep exposure to KSA & UAE banking markets.
• Proven track record in managing banking relationships, cash forecasting, capital structure optimization, and financial risk mitigation.
• Experience in complex multi-entity structures across multiple geographies, preferably with exposure to regulated or listed environments.
• Excellent command of banking treasury systems integration with companies ERP platforms
• Strategic mindset with hands-on operational capability, capable of designing and leading treasury governance frameworks from scratch.
• Strong understanding of FX, interest rate hedging, investment portfolios, and cash pooling & Concentration structures.
• Proven leadership skills, with a track record of mentoring treasury professionals and managing cross-functional collaboration.
• Strong communication and negotiation skills with banks, auditors, and stakeholders.
• Fluency in English & Arabic (spoken and written).