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Naveed Khatri

Naveed Khatri

Executive Director Finance Gulf Region - BU O&M

Saudi Arabia

2010 to 2013 - Divisional Financial Controller of the Industrial Division of AZAQ Group of S.A. The Division includes AQESA, the company handling the core business of providing electrical equipments and wide range of services to the industry and its subsidiaries and joint venture companies. I am responsible for the entire finance function of the core company and its subsidiaries and JVs.

2008 to 2010 - Financial Controller in AGTHIA Group for their Vegetable Processing business. I was extensively involved in business cases to draw maximum profitability for the Company, including venturing into New Product Developments (NPDs) for improving the gross margins of the business.

2005 to 2008 - Financial Controller in Al Ain Dairy. Was instrumental in implementing the Limit of Authority Manual for the first time in the Company besides settling the long outstanding Receivable issues. The entire finance function was restructured and streamlined.

1998 to 2005 - Head of Accounts & Taxation in Engro Asahi (Mitsubishi JV Company). During my 7 year stay in Mitsubishi, I had joined the Company in the project phase as an Internal Auditor and was later transferred to the Accounts eventually ending up heading the Accounts & Taxation department replacing the Japanese expatiate who was moved to other Mitsubishi unit. Successfully implemented all the Oracle Financial modules together with their integration with the General Ledger.

1996 to 1998 - Taxation Advisory Manager in Price Waterhouse Coopers. I was responsible for handling the tax matters of various multinational and local companies.

Specialties: Business cases for max profit, including venturing into NPDs for improving the gross margins of the busines. Planning & implementation of the annual strategic plan and Mid Year F'Casts. Extensively involved in the implementation of the ERP systems with complete integration with all facets of the business. Expereince of implementation of both Oracle Financials and Navision. Identifying areas where controls need to be placed for long term profitability


  • Executive Director Finance Gulf Region - BU O&M (ACWA Power)
  • Financial Controller (Al-Quraishi Electrical Services (AQESA))
  • Financial Controller (AGTHIA Group)
  • Financial Controller (Al Ain Farms)
  • Financial Controller - KSA Operations (NOMAC - An ACWA Power Company)
  • General Manager - Group Consolidation, Taxation & Treasury (NOMAC - An ACWA Power Company)


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