Karim Mouzahem

Karim’s relevant professional experience can be summarized as follows:

• Lead restructuring advisory support for two large, KSA-based distressed contractors that successfully underwent Financial Reorganization Procedures under the KSA bankruptcy law – c. SAR 7.5 billion of combined bank debt and trade payable balances.
• Seconded to an International bank covering the MENAT region, working with the regional head on diverse cases. Tasks involved drafting credit applications, evaluating financial statements and cash flow forecasts, identifying root causes of defaults, and developing strategies to optimize recoveries while minimizing the bank’s risk.
• Financial restructuring options review for a contracting group in the UAE, presenting various strategies to restructure AED 4 billion in liabilities. This involved outlining the advantages and disadvantages of pursuing out-of-court/in-court financial restructuring, liquidation, or continuing as-is while providing shareholders with detailed scenarios for each approach.
• Financial and operational review for a UAE-based real estate developer with assets exceeding AED 2 billion.
• Business options and forecast review as part of a court-led shareholder disassociation process for a UAE-based conglomerate (50+ entities) operating in various industries including contracting, automotive, travel, etc. This involved developing a clear roadmap for the disassociation, outlining key considerations, and assessing the potential impact of each option on the overall return for each shareholder.
• Business planning and restructuring advisory for a KSA-based group engaged in automotive spare parts sales. The plan included a five-year forecast developed through a bottom-up approach, integrating a turnaround roadmap, cost optimization initiatives, and the introduction of a new revenue stream.
• Operational and financial review of a large KSA pipe manufacturing company and identified several turnaround/cost saving opportunities, which fed into a 10-year financial forecast where an illustrative operational turnaround roadmap is undertaken.
• Prepared pro-forma financial statements to carve-out a specific division for a KSA conglomerate as part of its restructuring strategy.
• Managed an external audit for an insurance and reinsurance group comprised of up to 30 entities operating in the KSA, UAE, France, Lebanon, Turkey, Qatar, Egypt, and Cyprus.
• Developed Policies and Procedures (P&Ps) along with recommendations covering multiple departments for a Real-Estate Investment Trust operating in the U.S., EU and the Middle East.