Chief Financial Officer

About the Role

Siddiqi & Co is seeking a Chief Financial Officer (CFO) to join their team in Riyadh, Saudi Arabia. This full-time position requires a professional with over 10 years of experience to lead the financial strategy of a renowned retail group with a significant international presence. The CFO will be responsible for strengthening the financial architecture, including systems, controls, and capital discipline, across multiple markets and entities.

Key Responsibilities

• Own the full financial strategy for a multi-country retail operation, translating board-level growth targets into fundable, market-specific financial plans that account for currency exposure, local tax regimes, and repatriation constraints.
• Lead consolidated, IFRS-compliant group reporting across multiple entities and currencies, with full ownership of the month-end and year-end close processes, ensuring financial statements are always board-ready and audit-ready.
• Act as the primary executive counterpart to external auditors (Big 4 or equivalent), tax authorities, and regulatory bodies across all operating jurisdictions, personally defending financial figures.
• Structure and negotiate the group's capital stack directly, including term loans, working capital lines, trade finance facilities, and any equity or investor funding, leveraging established banking and investor relationships.
• Build and own the treasury function end-to-end, including FX hedging policy, intercompany funding flows, cash pooling across entities, and liquidity planning to maintain group solvency through seasonal and geopolitical volatility.
• Design the internal control environment from first principles, benchmarked to Big 4 audit standards, to ensure the business can withstand due diligence from lenders, investors, or acquirers without requiring remediation.
• Evaluate and financially model new market entry, store network expansion, and major capital expenditure decisions, presenting recommendations directly to the CEO and board with clear risk-adjusted return analysis.
• Build a finance organization structured for a multi-country business (regional controllers, group FP&A, group treasury) and develop at least one or two direct reports capable of stepping into a CFO role within a few years.

Candidate Profile

The ideal candidate will possess a strong background in financial leadership within a large-scale retail or multi-market operation. This role requires a strategic thinker with a proven ability to manage complex financial landscapes and drive robust financial performance.

Qualifications and Experience

• A minimum of 10 years of relevant experience in a senior financial leadership role.
• Demonstrated experience in managing financial operations across multiple international markets.
• Strong understanding of IFRS compliance and international tax regimes.
• Proven ability to build and maintain relationships with external auditors, tax authorities, and financial institutions.

Work Type

This is a full-time position based in Riyadh, Riyadh, Saudi Arabia.

Application Process

Further details regarding the application process will be provided upon initial contact. Salary information will be disclosed during the recruitment process.