Ibn Sina University

PHD Dr.Mohamed Hassan Adam Azrag Dean of the Faculty

Dr Mohamed Hassan Adam Azrag (FCCA, SCCA)

Sudan University of Science & Technology; Business Studies College; Accounting & finance department Mobile: +249 912319718E-mail m.hassanazrag@gmail.com

Professional summary

  • I have 16 years in managerial and strategic level (Last 5 years in Group in KSA) out of 23 years.
  • A PhD holder in (Accounting and Finance) and qualified Financial Accountant ACCA (London -UK).
  • Currently I am founder and partner of Azrag & Companies for Accounting, Auditing and financial consultancy.

Working Experience

1. Assistant Professor; June 2016 up to present

Accounting & Finance Department Business Studies College   Sudan University of Science & Technology

2. Group CFO; August 2015 up to present Prime Source Group for Trading Second Industrial City Dammam:

In this group I carry all financial management issues includes (finance, internal controls, budgeting, system implementation and review, performance measurements through KPIs, reporting, meetings and different levels … etc.) in a group of companies in steel manufacturing, woods and trading including following AFFILIATES;

  • Modern Factory for Steel Industries
  • EAMAR Cement Products Factory
  • Integrated Construction & Trading Company
  • Integrated Construction & Contracting Company
  • Al-Hadarah Wood Industries
  • SALABA Cement Products Factory
  • Prime Source Industrial Service
  • ASRA Transport
  • Steel Works and Lifting Systems

3. Group (CFO): July 2011 – July 2015 AL-Khaldi Holding Co. P.O. Box 30741 Al – Khobar 31952 Kingdom of Saudi Arabia Group.

1. Strategic Management;

  • I work closely with the Vice CEO and board committees to formulate the financial strategies, policies and objectives.
  • I carry KPIs tests and risk management to enable the company and its affiliates to achieve long term sustained profitability.
  • I evaluate the group and affiliates’ capital plans to ensure that capital expenditures are in line with the objectives.

2.Performance Management;

  • I work with the management team on the development of cost structures and operating annual budgets for the company.
  • We Monitor and control the budgets and costs on a consistent basis and improve the financial performance of the company and its affiliates by measuring and analysing the results; initiating corrective actions and minimizing the impact of variances.

3.Internal Control System;

  • Develop and implement relevant internal control system for the group and its affiliates.
  • Lead the development and implementation of accounting and operational policies and procedures.
  1. Treasury and cash flow management;
  • I develop a reliable cash flow projection process and reporting mechanism to meet operating needs of the group and its affiliates.
  • I manage cultivate relationship with the local and regional financial institutions to attract funds for the company’s working capital and capex requirements at competitive terms.

5. Financial Reporting;

  • I Oversee and participate in the bookkeeping functions and the preparation of monthly reports, financial statements and cash flow projections.
  • I ensure that accurate and timely financial reports are produced in line with and other related requirements.
  • I cooperation with the external and internal auditors, with a view to meet all regulatory requirements and deadlines, up to consolidated financial statements
  • I Present reports on the company’s performance, projection and industry trends to the board, senior management, banks and the potential investors.
  1. Zakat & other government regulatory; I keep up-to-date and ensure full compliance with zakat, income tax and other relevant laws.


4. Financial manager: September .2007 – June 2011     Berber Cement Company Ltd. (BCC) is multi- national Cement Company. Main duties:-

  • Financial monitoring and management of BCC project
  • Providing all financial management functions including budgeting, accounting information system management, finance, banking, treasury…
  • Managing system policies & procedure including adequate internal control to ensure safeguarding of all assets.
  • Providing financial reports and management report
  • Participating in management internal and external meetings.


5. Financial manager:  Feb.2006 – April. 2007 CARAWAN HOLDING private company


  • Group financial restructuring after critical study of the different business considering risks assessment.
  • Set-up group manual consist of management structure, job description, financial articles, accounting system and other management regulations  Monitoring financial procedure of the group.
  • Preparing periodic and annual financial reporting to the Broad of directors
  • Monitoring financial management (assets utilizations, account receivable management,

    6. Audit manager: Oct .2003 – Feb. 2006 Hasibeen Group Audit firm (Chartered Certified Accountants & Registered Auditors) – Khartoum – Sudan: partners Jubal & Hagar: Duties:

    • Manages performance of audit assignments by staff, reviews working papers and audit reports; edits reports prepared by other auditors.
    • Schedules and plans audits; assists in development of the institution’s annual audit plan.
    • Participates in development, implementation and maintenance of policies, objectives, short-and long-range planning; develops and implements projects and programs to assist in accomplishment of established
    • Train staff & Performs miscellaneous job-related duties as assigned
    • Performs audit work, including plan preparation, working papers, finding, and associated reports; verifies the accuracy of financial records as they pertain to assets, liabilities, receipts, expenditures, and related transactions.

7. Teaching Assistant + Master Degree student + ACCA Student in London + Lecturer April 1995 – October 2003   Sudan University of Science & Technology  

Education & professional Qualifications

  1. Education:
  • Bachelor of Science in Accounting & Finance: Sudan University of Science & Technology (SUST) – 1995.
  • Master degree in Accounting & Finance : SUST  2000
  • PhD in Accounting & Finance: SUSR
  1. Professional Qualifications:
  • 2010; Fellowship of Association of Chartered Certified Accountants (FCCA -UK)
  • 2005 ; A member of (ACCA -UK)
  • 2005 A member of Sudan Council of Certified Accountants (SCCA)
  • Feb.2003 Qualified ACCA   FTC London


Trainings & Workshops

I attended and participated in different training, Seminars and workshops covering:

  • E- Auditing  financial modelling.
  • Communication skills.
  • & Career Development.
  • ERP (Microsoft Dynamics AX 2012, Sage Line 50, Hansa, Ramco system & QuickBooks).
  • World Congress of Accountants (2010 & 2014).

Dr.Mohamed Hassan Adam Azrag

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