Abdalla Rady named among Hozpitality's Best 30 Most Popular Finance Leaders in the Middle East for 2023
Abdalla Rady, a finance leader in the hospitality industry, has been recognized among Hozpitality's Best 30 Most Popular Finance Leaders in the Middle East for 2023. With 12 years of dedicated service at TIME Hotels, Abdalla's journey from the front office to cluster financial controller showcases his perseverance and commitment to excellence.
Abdalla Rady's exceptional achievements have earned him a well-deserved spot among Hozpitality's Best 30 Most Popular Finance Leaders in the Middle East for 2023. Having dedicated 12 years to TIME Hotels, Abdalla's commitment and perseverance are evident. Starting from the front office, he steadily advanced his career to become a cluster financial controller, overseeing the financial operations of three prominent properties: TIME Grand Plaza, TIME Ruby Hotel Apartments, and TIME Express Hotel Al Khan.
Abdalla's journey from his humble beginnings in Egypt to his current role is a testament to his unwavering determination and pursuit of excellence. His ability to effectively manage multiple properties with precision and accuracy has made him an invaluable asset to the company.
His responsibilities encompass a wide range of financial tasks, including enhancing operational performance, managing monthly financial statements, and preparing comprehensive reports. Abdalla's strategic financial planning and analysis have greatly contributed to the company's growth and expansion. With his exceptional budgeting and forecasting skills, the company has made sound financial decisions, successfully reaching its financial goals.
In challenging times, such as during Ramadan and the summer, management played a crucial role in maintaining cost control and operational efficiency. By carefully monitoring occupancy rates and implementing energy-saving measures, such as closing rooms and floors and closely tracking energy consumption, Abdalla successfully reduced operating costs compared to the previous year. Despite the challenging business environment, the hotel's profitability remained strong, with a net operating profit (NOP) of 1.380K YTD in 2023, marking a 0.6% increase from the previous year's figures. This financial stability ensured that the property avoided cash flow problems and continued to thrive.
Under Abdalla's leadership, additional cost-saving initiatives were implemented. He introduced the practice of direct purchases and minimized excess inventory by procuring only the necessary quantities. By instilling a culture of cost consciousness within each department and closely monitoring expenses, Abdalla achieved significant cost reductions. The company experienced a substantial decrease in Undistributed Other Expenses (UOE), reducing from 630K in 2022 MTD to 514K MTD this year. These measures not only enhanced financial stability but also contributed to improved profitability and minimized waste.
Abdalla's success can be attributed to his strong work ethic and unconventional approach to achieving goals. He believed in working diligently and smartly, defying traditional norms along the way. His expertise in budgeting and forecasting, coupled with his determination, enabled him to make sound financial decisions that propelled the company forward.
Abdalla Rady's remarkable achievements and dedication to excellence have established him as a finance leader of exceptional calibre. His contributions to TIME Hotels have not only driven financial success but also set a benchmark for others in the industry. As he continues to leave a lasting impact on the organization, Abdalla serves as an inspiration to aspiring finance professionals, demonstrating the transformative power of hard work, determination, and a steadfast commitment to excellence.
Amit Singh
Mumbai, India
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