Most Influential CFO to Follow in 2025 February2025

MOST

INFLUENTIAL

CFO

Sultan Sindi Chief Financial Officer

TO FOLLOW IN

United Coopera ve Assurance

2025

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S

ultan indi Leading Financial Stewardship and Organizational Growth Through Strategic Insights

Before you are a leader, success is all about growing yourself. When you become a leader, success is all about growing others.

- Jack Welch

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Editorial

Leading with Financial Excellence

I

n the financial landscape of 2025, Sultan Sindi stands out as a transformative leader redefining the role of the Chief Financial Officer (CFO). As the CFO of United Cooperative Assurance (UCA), Sindi has been instrumental in steering the company through significant financial growth and innovation.

Sindi's journey with UCA has been marked by a commitment to financial excellence and strategic foresight. His leadership has not only strengthened the company's financial health but also positioned it as a formidable player in the insurance sector. Under his guidance, UCA has embraced technological advancements, integrating data analytics and financial technologies to enhance operational efficiency and customer satisfaction.

Beyond his technical expertise, Sindi is celebrated for his collaborative approach and dedication to fostering a culture of continuous improvement. He actively engages with cross-functional teams, ensuring that financial strategies align seamlessly with the company's overarching goals.

His emphasis on transparency and ethical practices has earned him respect within the organization and the broader financial community.

Sindi's influence extends beyond UCA. He is a recognized thought leader, contributing to discussions on financial innovation and corporate governance. His insights have been sought after in various industry forums, where he shares his vision for the future of finance and the evolving role of CFOs in a rapidly changing economic environment.

As we navigate through 2025, Sultan Sindi exemplifies the qualities of a forward-thinking CFO. His blend of strategic acumen, technological integration, and unwavering commitment to excellence makes him a standout figure in the financial sector. For those looking to understand the future of corporate finance, Sindi's leadership at United Cooperative Assurance offers a compelling blueprint for success.

-Alaya Brown

Editor-in-Chief

Merry D'Souza

Managing Editor

Alaya Brown

Executive Editor

Eva Miller

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Co-designer

Yasmin Nasser

Business Development Manager

Sherin Rodricks

Marketing Manager Business Development Executives Digital Marketing Manager

Jenny Jordan Reem Almasoud, Sheldon Miller Isabel Barnes

Technical Head

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Research Analyst

Helena Smith

Circulation Manager

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February, 2025 Corporate Office Insights Success Media Tech LLC 555 Metro Place North, Suite 100, Dublin, OH 43017, United States Phone - (614)-859-2600 Email: info@insightssuccess.com For Subscription: www.insightssuccess.com

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CONTENTS Sultan Sindi

F E AT U R I N G

A RT I C L E S

06.

14.

18.

Leading Financial Stewardship and Organizational Growth Through Strategic Insights

Harnessing Digital Transformation to Optimize Financial Operations

How Strong Financial Leadership Drives Business Resilience and Innovation

Sultan Sindi Chief Financial Officer

United Coopera ve Assurance

F E A T U R I N G

S

ultan indi Leading Financial Stewardship and Organizational Growth Through Strategic Insights

My passion for financial leadership is consistently focused on optimizing financial operations and contributing to the economic growth and sustainability of the businesses I work with.

Throughout my career, I have consistently catalyzed transformative change within organizations.

My crossindustry experience, including retail and distribution finance, insurance, and developing mega projects like the AlUla World Heritage site, has been instrumental in driving these changes.

Most Influential CFO to Follow in 2025

L

ike a falling star blazing through the vast expanse of the sky, he brought light to the lives of countless individuals and organizations, illuminating their paths even as he navigated his own challenges. His journey across the UAE, Qatar, and Saudi Arabia was one of transformation and impact, reshaping financial strategies and empowering teams to rise above adversity.

Sultan Sindi’s story is one of relentless pursuit of excellence. He redefined the finance department at UCA, breathing new life into its operations by enhancing efficiency and optimizing credit policies. His efforts bolstered the company’s financial performance and inspired tenacity, enabling it to weather economic storms. His expertise in strategic diversification across fixed-income securities and selective equity investments brought stability to turbulent markets while upholding strict Insurance Authority (IA) compliance.

Even as he presided over critical business reviews, tackled operational challenges across IT, legal, HR, and logistics, and managed ambitious real estate projects, Sultan’s focus remained on guiding others toward success. His unique perspective on regional financial markets and regulatory frameworks allowed him to assess risks with precision, particularly during moments of uncertainty that tested the industry’s resilience.

Much like a star that leaves a trail of brilliance, Sultan’s legacy lies in the lives he touched and the organizations he transformed, his light continuing to inspire long after he has passed through.

A Visionary Leader Driving Financial Excellence Sultan Sindi, recognized as one of the Global 200 Power Leaders in Finance for 2024 and one of Saudi Arabia’s Most Visionary CFOs to Watch in 2024, is a distinguished financial expert with over 18 years of experience in the industry. His academic foundation is exemplary, holding a Bachelor of Science in Finance with a minor in Economics (with honors) from the American University of Sharjah, followed by an MBA from the prestigious London Business School. Sultan is also a CFA (Chartered Financial Analyst), FRM (Financial Risk Manager), CAIA (Chartered Alternative Investment Analyst), and FMVA (Financial Modeling & Valuation Analyst), demonstrating his deep expertise and commitment to continuous professional development.

His career began in the dynamic fields of investment banking and private equity, where he contributed to transactions exceeding $3 billion, sharpening his financial management and strategic investment acumen. With professional experience spanning the UAE, Qatar, and Saudi Arabia, Sultan has gained unparalleled insights into regional financial markets and regulatory landscapes. His tenure at Istithmar World Capital in the UAE, where he executed complex valuations and due diligence for highvalue transactions, laid the groundwork for his progression through impactful roles, including those at the Chalhoub Group.

A polyglot fluent in Arabic, English, and French, Sultan leverages his linguistic capabilities to navigate international business environments and forge strong relationships with global stakeholders. His cross-industry expertise spans retail and distribution finance, insurance, and transformative megaprojects like the AlUla World Heritage site, underscoring his ability to drive strategic change and organizational growth in any industry.

Sultan’s approach to financial leadership is rooted in his passion for optimizing financial operations and fostering sustainable economic development. With his unique blend of strategic vision, technical proficiency, and cultural adaptability, Sultan continues to leave an indelible mark on the organizations and industries he serves.

Journey of Strategic Impact and Leadership United Cooperative Assurance (UCA) is an insurance company listed on the Saudi Stock Market since May 2008.

Its paid-up capital is 400 Million SAR. The company started underwriting insurance business on January 1, 2009.

Since its foundation in 1974, UCA has consistently acquired the best talents. Its members are technically equipped and always available to extend support with care and passion.

Sound expertise has kept UCA at the top of the regional market for decades. Its brand name has been associated with general lines, especially engineering mega projects.

Currently, after extensive practice and familiarity with the Saudi market, UCA still repeats the same story of success day after day, presenting the same high standards of service and integrity. UCA positions itself as one of the insurance industry leaders in the Kingdom.

Maintaining solvency is paramount for an insurance company, and my approach ensures that our investments contribute to financial stability while adhering to the IA's stringent requirements.

Sultan’s journey in financial planning aligns seamlessly with this ethos of excellence. His Post-MBA career began at Chalhoub Group in Dubai, where his role as a Financial Controller involved coordinating Joint Venture relationships with key luxury brands. He then moved within Chalhoub Group to Qatar, where he honed his financial acumen by developing annual budgets and crafting detailed 3-year plans and forecasts.

These early experiences laid the groundwork for his strategic approach to corporate financial planning. He further advanced at Bupa Arabia, where he played a pivotal role in creating the company’s five-year strategic plan, a blueprint that ensured financial stability and sustainable growth and instilled confidence in stakeholders.

A defining chapter of Sultan’s career unfolded during his tenure as Executive Director of Financial Planning & Analytics at the Royal Commission for Al-'Ula (RCU).

There, he led the development of the 2024 annual budget and introduced an innovative online budgeting tool.

This initiative revolutionized the budgeting process, enabling the completion of budgets for 29 departments ahead of the Ministry of Finance’s deadline. This milestone underscored Sultan’s leadership and project management prowess, streamlining operations and reinforcing stakeholder trust.

Strategic Risk Management and Investment Excellence At United Cooperative Assurance (UCA), risk management is not merely a regulatory requirement but a cornerstone of the organization’s operational philosophy. Guided by the IA mandates, UCA has established a dedicated Risk Management department that collaborates closely with Finance and other key departments to foster a proactive risk management culture.

Central to this approach is the development of a comprehensive risk management framework that aligns regulatory compliance with UCA’s broader business objectives. A pivotal element of this framework is the Key Risk Indicator (KRI) system, designed to capture and monitor potential financial risks.

Through quarterly reviews involving Risk Management and Finance teams, emerging risks are promptly identified, and mitigation actions are swiftly implemented. This integrated coordination has strengthened UCA’s risk governance structure, ensuring robust internal controls while providing stakeholders with the assurance of stability and resilience.

As Chief Financial Officer (CFO), Sultan Sindi has played a critical role in bolstering UCA’s financial stability through effective investment strategies and seamless integration with the risk management framework. Under his leadership, UCA’s investment income increased by 50% year-to-date (YTD) as of Q3 2024, despite a portfolio growth of only 9%—clear evidence of the effectiveness of the organization’s strategic diversification. Sultan’s approach combines a focus on fixed-income securities and selective equity investments while adhering to the stringent guidelines of the IA. Navigating IA’s regulations, which emphasize asset admissibility and solvency limits, Sultan has continually sought opportunities to optimize UCA’s investment portfolio. His strategies ensure financial stability and sustainable growth while maintaining compliance and reinforcing stakeholder confidence. Sultan’s efforts embody UCA’s commitment to proactive risk management and strategic investment, securing the company’s position as a resilient leader in the Saudi insurance sector.

Strengthening Financial Resilience At United Cooperative Assurance (UCA), evaluating cash and liquidity risks is paramount to maintaining financial health and stability. During periods of economic uncertainty, when market fluctuations threatened liquidity positions across the insurance industry, Sultan Sindi, as CFO, took proactive steps to safeguard UCA’s financial standing.

A comprehensive approach was implemented, which included thorough reviews of cash reserves and liquidity profiles and stress testing solvency under various economic scenarios. Strengthening reinsurance structures ensured adequate coverage for potential claims outflows, while robust systems were established to monitor premium collections and claims payments.

These efforts resulted in a resounding success: UCA maintained a healthy liquidity buffer and met all financial obligations without disruption.

Sultan’s ability to navigate these challenges highlighted the effectiveness of the company’s proactive risk management approach. It reinforced the importance of strong banking relationships, which he had carefully cultivated early in his tenure as CFO. The success of these measures has since become a blueprint for UCA’s ongoing liquidity risk management strategy, setting a high standard for future financial resilience.

Sultan's focus on ensuring optimal cash flow is a cornerstone of his role at UCA. The company uses a combination of processes and tools to manage cash inflows and outflows efficiently. For inflows, UCA prioritizes timely premium collections supported by a stringent credit control policy to address delinquent accounts and ensures the prompt collection of insurance commissions to enhance cash flow further.

On the outflow side, UCA has streamlined payment processes for claims, vendors, suppliers, reinsurance, and broker commissions. Automated claims payments for minor claims and a rigorous review process for larger claims ensure efficient handling of outflows, while negotiated vendor terms allow UCA to maintain favorable cash positions.

These initiatives have significantly improved UCA’s cash conversion cycle while maintaining strong relationships with clients and vendors. By combining these processes

with robust reporting tools, UCA continues to demonstrate its ability to maintain solid cash flow and liquidity, reinforcing its position as a leader in the Saudi insurance market.

Strategic Vendor Management and Budget Allocation Sultan’s experience in managing complex vendor relationships spans multiple industries and organizations, highlighting his ability to foster strategic partnerships that enhance operational efficiency and reduce costs. At Chalhoub Group in Dubai, Sultan managed venture partnerships with world-renowned brands such as Christian Dior, Louis Vuitton, Fendi, Sephora, Chaumet, and Berluti.

His role included overseeing frequent business review meetings, managing real estate projects, and addressing operational challenges across IT, legal, HR, and logistics.

This experience sharpened his skills in navigating multifaceted vendor relationships across diverse sectors.

Sultan’s approach to procurement at Bupa Arabia further exemplifies his vendor management expertise. Leading the procurement function, he achieved 10% genuine savings on procured products while maintaining high-quality and punctuality KPIs. This experience highlighted his proficiency in balancing cost optimization with service quality and vendor satisfaction, key elements in maintaining sustainable vendor relationships.

Sultan's extensive vendor management background has positioned him to handle even the most complex relationships, ensuring mutually beneficial outcomes that support the strategic objectives of the organizations he works with. At UCA, his approach continues to build on these principles, focusing on strategic partnerships that enhance operational efficiency while maintaining strong, long-term relationships with vendors and service providers.

In the realm of budget allocation, Sultan has refined a strategic and meticulous approach, ensuring every expenditure aligns with broader organizational goals and regulatory requirements. At Bupa Arabia, he was responsible for managing SR 1 billion in operational and capital expenditures, where he implemented robust monitoring systems to ensure spending stayed within budget. His three-year outlooks and regular year-end reforecasting helped align spending with strategic goals and compliance.

At the Royal Commission for Al-'Ula (RCU), Sultan introduced an innovative online budgeting tool that

revolutionized the budget allocation process. This tool streamlined the data-gathering process for 29 departments, significantly reducing the complexity of the previous manual system. As a result, the annual budget was completed ahead of the Ministry of Finance’s deadlines, demonstrating Sultan’s leadership and innovation in financial management.

Currently, at UCA, Sultan ensures that the budget allocation process fully aligns with regulatory requirements from the IA and business objectives. He balances operational needs with strategic investments, ensuring compliance with regulatory capital requirements and investment guidelines. This balanced approach to financial planning positions UCA for continued success and stability.

HARN ESSI NG

DIGITAL TRANSFORMATION TO OPTIMIZE

FINANCIAL OPERATIONS

14 February, 2025

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n today's corporate age, financial operations are changing with digitalization, improving efficiency, precision, and strategic decision-making.

Organizations founded on digital machinery and automation have more capability in financial complexity management, process automation, and optimization of overall financial well-being. Financial management is being revolutionized with the implementation of advanced technologies such as artificial intelligence (AI), cloud computing, and data analytics for enterprises to be responsive and forwardlooking ahead.

This book explores how operations of money-making are enhanced by financial change and why companies are compelled to adopt such innovation into their business if they will succeed in doing so. Increasing the Efficiency of Operations through Automatization

One of the largest impacts of financial digital transformation is the automation of manual and timeconsuming tasks. Accounts payable, receivable, payroll, and tax payment are some of the manual financial processes requiring immense human intervention, hence inefficiencies and errors. Through the adoption of RPA and AI-driven solutions, organizations can reduce processing time, lower the rate of errors, and free up valuable resources for highlevel financial analysis.

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Automation also aids in financial regulation compliance by confirming that reporting and documentation are in compliance, lessening the risks of audit failure and fines.

information, reducing fraud and tampering threats. Good cybersecurity practice not only secures financial resources but also helps build stakeholders', clients', and regulatory authorities' trust.

Using Data Analytics to Make Decisions One of the greatest advantages of digital transformation is the availability of large volumes of financial information.

Timely data on financial performance are derived from advanced analytics systems, which enable organizations to make better decisions. Organizations can forecast cash flow, identify potential financial risks, and streamline budget plans through predictive analytics.

In addition, AI-powered analytics can identify concealed patterns within financial transactions that can be used to detect fraudulent instances and avert financial losses.

Organisations can leverage such data-driven intelligence to formulate better financial plans and gain a competitive advantage.

Cloud-Based Financial Management Systems Cloud computing transformed the financial management through the provision of elastic, secure finance management solutions. Cloud-based ERP solutions facilitate the organizations with financial consolidation, automate business processes, and support collaboration among the departments. Cloud computing facilitates access to financial data in real-time with transparency, thereby improving accuracy in financial reporting.

In addition, cloud accounting technology eliminates dependence on capital-costly on-premises infrastructure, which is cheaper to run and allows companies to be more adaptable. Business organizations scale accounting infrastructure for target sizes to facilitate business expansion without costly IT investments.

Strengthening Financial Cybersecurity As finance functions become increasingly digital, making them secure becomes paramount. New-generation security efforts become imperative to ensure that confidential financial data are secure from cyber attacks, hacking, and manipulation.

Firms are embracing multi-factor authentication, blockchain, and AI-powered fraud detection solutions to secure financial transactions. Blockchain, for instance, offers transparency and immutability of financial

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Increasing Customer Experience through Digital Payments Electronic development has revolutionized business-toclient financial transactions. Simple electronic payment systems like mobile wallets, contactless payments, and cryptocurrency have made financial interaction and speed easier. Businesses that employ simple electronic payment systems ensure customer satisfaction with regard to convenience and simplicity. Electronic payment systems also offer valuable customer information, enabling the company to personalize financial services and increase customer interaction.

Enhancing Financial Planning and Risk Management Digitalization gives businesses the upper-level forecasting capabilities to forecast market trends and money risk.

Artificial intelligence enables businesses to compute different financial options and offer forecasted strategies.

Machine learning-based risk management services scan through past data and current financial trends to detect potential threats. Whether they are quantifying credit risk, evaluating investment opportunities, or hedging market volatility, digital solutions are at the core of achieving financial stability and resilience.

Conclusion Integration of digital transformation within financial operations is not an option but a necessity for businesses which seek to attain the highest levels of efficiency, better decision-making, and sustainability in the competition.

Through cloud computing and automation by means of data analytics and cybersecurity, finance is being revolutionized by digital technologies.

These organizations can create operational agility, establish financial security, and attain sustainable growth. With the accelerating rate of digital transformation, businesses must be agile and prompt in embracing new financial technologies in order to remain alive in an increasingly digitalized economy.

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18 February, 2025

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HOW

STRONG FINANCIAL

LEADERSHIP DRIVES BUSINESS

Resilience and Innovation

W

ith a less certain business environment, strong financial leadership is the foundation of agility and innovation. The ability to mitigate economic risk, make resources perform for you, and design strategic growth is predicated on professional financial expertise. Financially led companies are better able to navigate crises and stimulate innovation in order to compete.

This article gives the pivotal role of financial leadership in establishing business resilience and innovation, and most important strategies which enable organizations to flourish.

Financial Leadership in Building Business Resilience Business resilience is used to describe how an organization can survive disruptions, bounce back from failures, and change with new market conditions. Financial leadership is pivotal in providing organizations with the requisite financial strength to ride through uncertainties.

A good financial strategy entails good cash management, good risk assessment, and contingency planning. With sufficient liquidity and a well-established capital base, financial chiefs enable companies to ride out economic shocks without sacrificing operations.

Second, financial leaders drive risk management by tracking and establishing financial risks like market volatility, supply chain disruptions, and regulatory changes, and developing pre-emptive measures to counter them.

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This pre-emptive approach allows firms to be agile and recover well from unexpected failures.

them, allowing companies to minimize operation inefficiencies and maximize the use of available resources.

Facilitating Strategic Investment to Drive Long-Term Growth

Financial managers also maximize supply chain management. Through proper financial planning and negotiation with suppliers, companies can lower procurement expenses and enjoy stable supply chains, thereby preventing potential disruptions.

A good finance leader understands the value of strategic spending in delivering long-term business performance.

Instead of cutting costs, good finance is investing in highimpact initiatives that build growth and drive innovation.

Financial executives spot the areas of capital spending, either in R&D, technology upgradation, or expansion in new geographies. By giving top priority to investment that contributes to business objectives, they make businesses competitive and create a culture of everlasting improvement.

Financial leadership also inspires a culture of accountability and performance measurement. Through the creation of key financial metrics and ongoing monitoring of business performance, leaders can make data-driven adjustments that maximize overall performance.

Building a Strong Financially Healthy Organizational Culture

Secondly, financial leadership provides investment on factbased data. Companies can determine the possible ROI on different projects and choose optimizing profitability with the help of financial analytics.

Apart from finance planning and numbers, solid financial leadership creates organizational culture. A financially sound company fosters a culture of vision, adaptability, and responsibility.

Success in business relies on innovation, and finance leadership has the critical role of fueling a culture of innovative solutions and technological advancement.

Finance leaders deploy resources to underwrite innovation programs, managing risk and return to ensure that investments are guiding efforts towards quantifiable outcomes.

By empowering employees with financial acumen, financial leaders render workers competent to make well-informed decisions that benefit business objectives. Transparent financial communication also instills confidence among the stakeholders, ranging from the employees to investors, to sustain cohesiveness in direction strategy.

Financial leadership leads to innovation in one way through good budgeting. With investments in new ventures and frontier technologies, organizations can remain up-to-date on industry trends. Financial leaders lead crossfunctionality so that projects for innovation become aligned with business goals.

Besides, financial executives spearhead executive teams with deep-rooted knowledge that has strategic implications on business. Their capacity to translate financial data into informed business intelligence drives decision-making across the organization.

Conclusion

Another area of innovation financial stewardship is the use of financial technology (FinTech). The use of electronic product alignment, including artificial intelligence (AI) and automation, enhances operating efficiency, releasing resources to fund the development of strategic opportunities.

Good stewardship of finance is among the leading forces for business innovation and resilience. Through guiding financial resilience through sponsoring strategic investment, cultivating operating effectiveness, and an adaptable culture, finance leaders empower companies to ride out adversity and leverage growth opportunities.

Raising Operating Efficiency and Cost Reduction

As the globe feels the acceleration of technological change and financial instability, financially oriented firms will become increasingly dominant. Through adopting financial management that is both stable and creative, businesses will be successful over the long term and master a transforming marketplace.

Effective fiscal management promotes operational effectiveness by creating spaces in which cost reduction can be achieved without reductions in quality or ingenuity.

Automation of financial operations and processes simplifies

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