Bassam Samaha, CFO

Professional Overview

Bassam Samaha is an accomplished finance executive with over a decade of experience in the logistics and transportation industries. As the Chief Financial Officer at Mosanada Logistics Services and Group Financial Controller at WARED Group, he brings a wealth of expertise in financial planning, strategic decision-making, and operational optimization.

Experience Summary

Current Role

Chief Financial Officer, Mosanada Logistics Services (2024-06-01 to Present)

• Oversees all financial operations, including budgeting, forecasting, and financial reporting, for the leading logistics provider in Jeddah, Saudi Arabia

• Spearheaded the implementation of a new ERP system, resulting in a 20% improvement in process efficiency and data-driven decision-making

• Played a key role in securing $15 million in funding to support the company's expansion initiatives, contributing to a 30% increase in revenue over the past two years

Group Financial Controller, WARED Group (2012-04-01 to Present)

• Responsible for the financial management and oversight of the WARED Group's diverse portfolio of logistics, transportation, and supply chain businesses

• Led the integration of financial systems and processes across the group, driving a 15% reduction in operational costs and enhanced cross-functional collaboration

Career Progression

Chief Financial Officer, WARED Group (2013-04-01 to 2024-06-01)

• Directed the financial strategy and operations for the WARED Group, overseeing a team of 25 finance professionals

• Implemented robust financial controls and risk management practices, contributing to a 40% improvement in profitability over a five-year period

• Spearheaded the group's transition to a cloud-based financial management platform, resulting in a 25% reduction in reporting turnaround time

Academic Background

Bassam Samaha holds a Master of Business Administration (MBA) from King Abdulaziz University, where he graduated with honors. He also possesses a Bachelor of Accounting from the same institution, further strengthening his financial expertise.

Areas of Expertise

• Financial planning and analysis

• Corporate finance and treasury management

• ERP system implementation and optimization

• Mergers, acquisitions, and integration

• Performance management and reporting

• Strategic decision-making and business advisory

Professional Impact

• Instrumental in securing $15 million in funding to support Mosanada Logistics Services' expansion initiatives, contributing to a 30% increase in revenue

• Spearheaded the implementation of a new ERP system at Mosanada Logistics Services, resulting in a 20% improvement in process efficiency and data-driven decision-making

• Led the integration of financial systems and processes across the WARED Group, driving a 15% reduction in operational costs and enhanced cross-functional collaboration

• Implemented robust financial controls and risk management practices at the WARED Group, contributing to a 40% improvement in profitability over a five-year period

Conclusion

With his exceptional financial expertise, strategic mindset, and proven track record of driving operational and financial improvements, Bassam Samaha is a valuable asset to both Mosanada Logistics Services and the WARED Group. His commitment to excellence and ability to navigate complex financial challenges make him a respected leader in the logistics and transportation industries.