Chief Financial Officer (CFO002)

Foreground LLC; Riyadh; On-site; SAR 500,000 - 800,000; Full time

Job summary

A leading drilling and energy services firm in Riyadh is seeking a Chief Financial Officer (CFO) to provide strategic financial leadership. The ideal candidate will have over 20 years in finance, with extensive experience in capital strategy and regulatory compliance. Key responsibilities include overseeing financial reporting, risk management, and capital raising initiatives. This role is crucial for supporting growth and operational resilience in the region.

Qualifications

• 20+ years in finance, with at least 8-10 years as CFO or Group Finance Director.
• Proven track record in capital markets and large-scale investment management.
• Experience with Aramco and Saudi regulatory authorities is a plus.

Responsibilities

• Define and execute financial strategy aligned with growth targets.
• Lead financial reporting, treasury, and taxation across all operations.
• Oversee capital raising initiatives and ensure compliance with regulations.
• Partner with the CEO and Board on corporate governance and investor relations.

Skills

Strategic financial leadership

Capital strategy

Risk management

Financial reporting

Investment management

Regulatory compliance

Education

Advanced degree in Finance, Accounting, or Business

CPA, CFA, or ACA

Job description

Foreground is partnering with a leading drilling and energy services company in Riyadh, Saudi Arabia, to appoint a Chief Financial Officer (CFO). This senior executive role will provide strategic financial leadership to support long-term growth, regional expansion, and operational resilience.

Overview

The CFO will lead all aspects of financial management, including corporate governance, capital strategy, risk management, and reporting. The position carries responsibility for ensuring financial sustainability while enabling the company to pursue ambitious investment and growth opportunities across Saudi Arabia and the wider GCC.

Key Responsibilities

• Define and execute financial strategy aligned with shareholder expectations and growth targets.
• Lead financial reporting, treasury, taxation, and consolidation across all operations.
• Oversee capital raising initiatives including IPO readiness, debt restructuring, and equity partnerships.
• Support mergers, acquisitions, and joint ventures with financial modeling and valuation expertise.
• Implement ERP and BI tools to enhance reporting, transparency, and forecasting accuracy.
• Ensure compliance with IFRS, Zakat, and Saudi fiscal regulations.
• Partner with the CEO and Board on corporate growth, governance, and investor relations.

Qualifications & Experience

• 20+ years in finance, with at least 810 years in senior leadership as CFO or Group Finance Director.
• Proven track record in capital markets, corporate finance, and large-scale investment management.
• Strong background in oilfield services, drilling, or heavy industrial sectors.
• Advanced degree in Finance, Accounting, or Business; CPA, CFA, or ACA required.
• Experience working with Aramco and Saudi regulatory authorities highly advantageous.