bruno boustani

Chief Operating Officer at $10kInvest Sarl

Bio Summary

31 years of experience in Investment Banking, Management Consulting, Strategy, PMO, and Operations in the Middle East with significant industry knowledge and extensive network in the financial, real estate, manufacturing, automotive, aviation, education, retail, healthcare, and distribution sectors. Well-rounded expertise in strategic planning, operations, business development, finance, due diligence, M&A, change management, restructuring, and transformations. Strong skill set (e.g. leadership, communication, team management, analytical) and a solid academic background.

Employment History

Chief Operating Officer

$10kInvest Sarl

April 2020 - present

Riyadh Saudi Arabia

As a secondment to Arthur D. Little Inc, managed the development of PPP projects for the Saudi Ministry of Health. Led the projects’ development and implementation. Developed the business case in line with the Implement ...see more

Chief Operating Officer

Swicorp

May 2018 - March 2020

Riyadh Saudi Arabia

Led the bank's shared services departments. Directed the growth and the non-revenue side of the bank. Developed and implement the bank's strategy and its related initiatives. Headed the bank's Transformation Program. Implemen ...see more

CEO Advisor & PMO Director

Jabal Omar Development

October 2016 - February 2018

Jeddah Saudi Arabia

Established and managed the company's Program Management Office (ePMO). Formulated and implemented strategic projects. Administered the company's management as well as board committees. Advised the CEO though devising the ...see more

Chief Strategy Officer

Obeikan

February 2010 - May 2016

Riyadh Saudi Arabia

Developed the Group's strategic plans, objectives, and initiatives. Rendered with the executive the corporate strategy into 3 to 5 years business plans, yearly budgets, and targeted KPIs. Designed and developed the operating models to restructure the Group's subsidiaries to focus on core business, generating cash flows and profits, and maximizing shareholders' value Advised the CEO and the Board of Directors regarding matters related to business controls, strategy, growth, and governance. Led the investment and business development committees for the Group. Secretary of the Group's ExCom and of the Group's Board of Directors Led the Group's M&A and investment activities, adding up to more than SR 1.1 billion in investments. Built the investment pipeline. Assessed potential investment opportunities. Managed new ventures from inception to start-up and aligned them with the Group's strategic plans. Negotiated legal terms with partners. Set partnership structures, and business models. Prepared one SBU for an IPO. Carried out valuations. Conducted due diligence on potential investment opportunities, including developing financial models to determine potential returns and required investments Developed numerous real estate projects for the Group such as a 33-story tower, a 5 Stars hotel, and an 8,000 workers' labour camp. Produced a comprehensive budget preparation process based on in-depth analytical financial models for each of the 23 companies within the Group. Restructured and unified the Group's reporting system Created the Group's dashboard and assigned functional KPIs. This resulted in better budget monitoring, continuous performance assessment, real-time reporting, and an exhaustive data warehouse Proposed and monitored business development activities group-wide. Piloted new non-organic initiatives. Prepared and analyzed qualitative and quantitative reports. Proposed new changes and managed the change processes Restructured the group's SR 3 billion debt. Managed the Group's SR 800 million loans with the Saudi Industrial Development Fund. Raised funding and sourced new financing alternatives Optimized costs. Overall reductions attained 18% savings in two years, increasing the net profit margin by 2.4 points. Under my leadership procurement costs were reduced by SR 115 million, manufacturing overheads were reduced, overall capacity increased by 3.8%, and waste was capped at 2.3% Provided guidance and leadership to all employees within the Strategic Planning and Business Development department. Ensured effective departmental performance through the team's selection, development, deployment, and motivation. Conducted quarterly performance appraisals. Recommended salary increases, rewards, and promotions. Ensured and mentored proper career growth for each team member Group Board secretary and member of other subsidiaries' Boards

Private Equity Director

Arab Bank

January 2008 - December 2009

Dubai - United Arab Emirates

Actively participated in establishing the regional Private Equity practice within AB Capital - Arab Bank's newly established investment bank. Determined strategic directions. Proposed and implemented initiatives Set up the ...see more

Vice President

The Abraaj Group

January 2007 - October 2007

Dubai - United Arab Emirates

In addition to carrying out various administrative duties, actively participated in building the firm's deal flow and negotiated transactions to a positive end. Board member and representative of Abraaj in one of its portfoli ...see more

Consultant

Booz Allen

January 2005 - February 2007

Riyadh Saudi Arabia

Accomplished several consulting assignments ranging from real estate development to aviation, edutainment, and regional strategy development. Also, managed the Program Management Office (PMO) for the transformation of major g ...see more

Senior Manager

EY

October 2003 - October 2004

Riyadh Saudi Arabia

Administratively: Directed a team of consultants and numerous internal initiatives. Mentored 4 consultants. Conducted performance evaluations (i.e. 360 degrees). Planned sales objectives and monitored quarterly sales achievem ...see more

Managing Director

$10kInvest Sarl

February 1998 - July 2003

Beirut, Lebanon

Directed a car agency with sales surpassing $14 million (up from $9M when took charge). Managed a team of 57 employees. In addition to the traditional management tasks: ● Established a well-defined corporate governance s ...see more

Management Consultant

Arthur D. Little

October 1993 - January 1998

Riyadh Saudi Arabia

Managed projects involving multi-office teams throughout the region. Managed 11 client accounts and 46 projects and studies. Clients were among the most prominent businessmen and corporations in the Middle East. Continuously ...see more

Education

MBA

McGill University

1993-06-01

BACHELOR OF SCIENCE IN BUSINESS ADMINISTRATION

Northeastern University

1990-06-01

Language Skills

Arabic English French

Country Experience

Lebanon Saudi Arabia