Karim Hashem

Chief Financial Officer @ Knowledge Economic City | C Level Management

Al Madinah Al Munawwarah, Al Madinah, Saudi Arabia

About

With over two decades of experience in finance, investment, treasury, and strategic leadership, I currently lead the financial strategy and corporate finance function at Knowledge Economic City, driving sustainable growth and supporting the company’s long-term vision within the real estate development, mixed-use, and hospitality sectors. My expertise spans financial strategy, treasury and capital management, investment structuring, governance, business transformation, and strategic partnerships, with a strong focus on enhancing operational efficiency, financial sustainability, and shareholder value. In my role as Chief Financial Officer, I oversee all core financial functions including financial planning and analysis, budgeting, treasury, funding, compliance, governance, reporting, and investment management. I regularly present quarterly, semi-annual, and annual financial and operational performance reports to the Board of Directors and Board Committees, while also developing short, medium, and long-term financial and strategic plans to support the company’s sustainability, growth, and capital optimization objectives. Beyond finance leadership, I have played an active executive management role by directly leading Commercial, Investments, and Business Development functions until the appointment of dedicated department heads. I also assist and deputize the CEO in daily executive management responsibilities, strategic decision-making, stakeholder engagement, and organizational leadership. During a period of executive transition, I was delegated as Acting CEO, leading the company’s operations and management activities. My experience also includes leading and managing the structuring, feasibility assessment, financial evaluation, and execution requirements of joint ventures, investment funds, and mixed-use development projects. In addition, I serve as a Board Member in an investment fund overseeing the development and operation of hospitality and retail assets, contributing to investment governance, strategic oversight, and portfolio performance enhancement. Passionate about strategic growth and value creation, I bring collaborative leadership and commercially driven financial expertise to organizations, focusing on delivering innovative and sustainable solutions that support long term business success.

Experience

  • Chief Financial Officer at Knowledge Economic City
    Mar 2025 - Present · 1 yr 9 mos

    • Lead the financial strategy and overall financial health of Knowledge Economic City, ensuring alignment with corporate objectives and long-term sustainability. • Oversee financial management, governance, compliance, budgeting, treasury, and reporting functions to support sustainable growth and operational efficiency. • Develop and present short, medium, and long-term financial and strategic plans to executive management and the Board of Directors to support business continuity, growth, and capital optimization. • Present quarterly, semi-annual, and annual financial statements, operational performance updates, and strategic progress reports to the Board of Directors and Board Committees. • Drive business development initiatives by identifying growth opportunities, evaluating strategic partnerships, and supporting investment expansion initiatives. • Lead and manage investment strategies and portfolio performance within the hospitality and mixed-use development sectors, enhancing value creation and operational excellence. • Serve as a Board Member in an investment fund responsible for the development and operation of a retail mall and hospitality assets, contributing to strategic oversight, governance, and investment performance. • Delegated as Acting Chief Executive Officer during the CEO’s leave period, leading the company’s operations, executive decision making, and day to day management responsibilities. • Directly managed and led key functions including Commercial, Investments, and Business Development departments until the appointment of dedicated department heads. • Assist and deputize the CEO in daily executive management responsibilities, strategic planning, stakeholder management, and organizational leadership. • Lead and oversee the structuring, feasibility assessment, financial evaluation, and execution requirements of development joint ventures, investment funds, and mixed-use real estate projects.

  • Vice President Finance & Investment - CFO at Thakher Development Company
    May 2022 - Feb 2025 · 2 yrs 10 mos

    Main Responsibilities: ● Together with the CEO and executive leadership team, develops the strategy to ensure that the organization has the financial resources needed to achieve its current and future goals, while mitigating financial and operational risk. ● Serves as a key advisor to the CEO, board of directors, and shareholders, also leads and convener the finance/audit and investment committees. ● Supervise and review project progress reports of all contractors. ● Develops and maintains effective working relationships with key financial partners including funders, banks, Capital investment companies, investors, government agencies, consultants, and vendors. ● Oversees and manages the organizational budgeting, accounting and cash management to ensure accurate reporting, interpretation and analysis of financial results in conjunction with forecasts and long-range plans. ● Manages and supervises the preparation of the annual consolidated audit reports and financial statements. ● Develops and completes timely financial statements and reports on transactions and/or information requests. ● Manages and monitors the organization’s cash flow and real estate development capital needs. ● leads the development of investment funds structure (Real Estate funds) in accordance with the Company’s Investment Policy for real estate projects. ● Leading the preparation of Budgeting, and finance reporting. ● Leading the preparation of the company's Business Planning and cash flow forecast. ● preparing/reviewing Feasibility Studies and Project Costing. ● Provide financial strategy recommendations to CEO/Chairman, and BODs.

  • Senior Director, Head of Corporate Finance / Acting CFO at Emaar, The Economic City
    Aug 2021 - Apr 2022 · 9 mos

    Main Role and Function : Managing budget process, inclusive of periodic forecasting for the company and the business. Insure complete, accurate and timely financial reporting, Inclusive balance sheet control and financial information interpretation and control. In addition to responsible for working capital management. Main Responsibilities: • Budget, finance reporting, cashflows. • Business Planning and forecast. • Feasibility Study and Project Costing. • Financial Strategy, analysis, and advising. • Provide investment advice, tactics and recommendations. • Use financial modelling to predict outcomes. • Negotiate and structure financial details • Assess and predict financial risks and returns. • Liaise with accountants, lawyers, financial experts and regulatory bodies • Provide leadership and management to the financial department • Provide financial strategy recommendations to CEO/President and executive team. • Identify and address potential financial risks for the company. • Implement strategies and systems to improve financial performance • Support financial department in developing short- and long-term financial goals. • Review financial reports and determine methods to reduce costs.

  • Head Of Treasury Department/ Finance Management at ALJ United Finance
    Oct 2018 - Aug 2021 · 2 yrs 11 mos

  • Banque Saudi Fransi (8 yrs 9 mos)
    • Senior Corporate Relationship Manager
      Feb 2010 - Oct 2018 · 8 yrs 9 mos

      Saudi Arabia. Corporate Banking Western Region/ Jeddah

    • Team Leader/ Business Banking Group
      Feb 2014 - Jan 2016 · 2 yrs

    • Senior Relationship Manager
      Feb 2010 - Feb 2014 · 4 yrs 1 mo