FADECO appoints Fadel Fawaz as Chief Financial Officer

FADECO enhances financial leadership to support future growth and expansion

Arabian Food and Dairy Factories Co.’s (FADECO) board of directors appointed Fadel Fawaz as the company’s Chief Financial Officer (CFO), following the successful completion of his probation period.

Fawaz currently serves as Executive CFO at FADECO and has over 15 years of experience in financial management, financial reporting, budgeting, and strengthening internal control systems across the fast-moving consumer goods (FMCG), industrial, construction, retail, and distribution sectors, FADECO said in a statement to Tadawul.

Fawaz holds a Certified Management Accountant (CMA) certificate, a Master of Business Administration (MBA) degree, and a bachelor’s degree in accounting, in addition to certifications in leadership skills and forensic accounting. He also has professional experience in Lebanon, Saudi Arabia, and Nigeria, as well as experience in leading enterprise resource planning (ERP) implementation and financial transformation projects.

He previously served as CFO at Alfransi Complex for Aluminum, CFO at DeliFrost Caterers Nigeria LTD, and Senior Financial Analyst at MEDCO SAL.

The company noted that this step comes as part of its efforts to strengthen its financial framework, enhance financial performance efficiency, and apply best governance practices, in support of its future growth and expansion plans.