Welcome to ACT Middle East

Certificate in International Cash Management

Certificate in International Cash Management

Dubai tuition school now available - register by 30 September
Certificate in International Treasury Management

Certificate in International Treasury Management

Tuition now available in Dubai
The Middle East Treasurer

The Middle East Treasurer

Practical advice on the issues affecting the industry in this region.
ACT Middle East Network

ACT Middle East Network

Covering UAE, Oman, Saudi Arabia, Kuwait, Qatar and Bahrain
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ACT Middle East is the network

ACT Middle East is the network for treasury, risk and finance professionals committed to the development and sharing of treasury knowledge and expertise across the Middle East. The ACT Middle East was established to support and nurture the development of the treasury profession across the Gulf.

Chaired by Matthew Hurn, Executive Director – Finance, Emerging Sectors, the ACT Middle East Committee was developed to provide the ACT team with on the ground intelligence and guidance. The Middle East Committee consists of treasury professionals from some of the largest and most influential organisations across the GCC. These volunteers dedicate their free time to supporting the development of the profession and ensure that the ACT is supporting the local needs of the community.

Meet the Committee

ACT Middle East is supported by treasury representatives from countries across the Middle East and has members and students across the region.

ACT Middle East Chairman

Matthew Hurn, Executive Director – Finance, Emerging Sectors, Mubadala Development Company

Matthew_Hurn_1aMatthew is the Group Treasurer with responsibility for treasury, financial risk management, tax and insurance. Prior to joining Mubadala, Matthew was the Group Treasurer of DSG International (formally Dixons Group) where he was instrumental in developing the company’s treasury framework and strategy to accommodate its overseas expansion into 28 countries.

Matthew has worked extensively in the treasury industry for over 20 years in both the public and private sectors. His previous treasury experience also includes several years at Otis, with responsibility for the UK treasury operations of United Technologies Corporation, a Fortune 500 company.

Board positions: Chairman of MDC Re; Chairman of the Association of Corporate Treasurers (ACT) Middle East and Immediate Past President; Advisory Board member of OMFIF (Official Monetary Financial Institution Forum); Board member of EMI Music Publishing, SR Technics and Abu Dhabi Aircraft Technologies.


Abu Dhabi (UAE) team

Adam Boukadida, Deputy Treasurer, Etihad Airways

Adam_Boukadida_MEAC14Adam is the Deputy Treasurer at Etihad Airways. Prior to joining Etihad, Adam was the Senior Vice President and Group Head of Global Markets Operations where he was instrumental in centralizing the global wholesale operations team and building out a large multi-location global team. His previous Treasury experience also includes several years at Tesco Plc. with responsibility for managing the Treasury Front office team, offshoring the Treasury support function to India, various financial system implementations and managing Tesco’s financial risk portfolio including liquidity and cash management, hedging and banking relationships. Adam has also spent time working for Kimberly Clark, Marex Spectrum and The Royal Bank of Scotland. Adam holds various professional qualifications and an executive MBA.

Michael Clifford, CEO, Al Fahim Investments (FCCA, MCT)

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Alastair Fiddes, Head of Financial Risk Management, Mubadala Development Company

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Riyad Hammad, Treasury Director, Arabtec Construction

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Ricky Thirion, Group Treasurer, Etihad Airways

silhouetteRicky has been with Etihad Airways since 2007 and oversees the Group Treasury, comprising of the corporate treasury, corporate investment, corporate and structured finance, and insurance functions.

He holds a Master’s Degree in Mechanical and Aeronautical Engineering and various financial and business management related qualifications. Ricky was voted Global Corporate Treasurer of the Year 2010 by the readership of gtnews and is an Honorary Fellow of the Association of Corporate Treasurers.

Senior Executive Positions Held

  • Group Treasurer – Etihad Airways
  • Group Treasurer - South African Airways
  • Managing Director - Andisa Treasury Solutions
  • Managing Director - Standard Risk and Treasury Management Services, a subsidiary of the Standard Bank Group of South Africa


Dubai (UAE) team

Marwan Abedin, Chief Executive Officer, DHCC

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Laura Ford, Senior Treasury Manager, Group Treasury, Majid Al Futtaim Group

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Lourie Kruger, Vice President, Treasury and M&A, Kingdom Hotel Investments

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Paul Reynolds, Head of Debt and Equity, Rothschild

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Raphael de Ricaud, Head of Islamic Finance, Rothschild

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Andrew Robinson, Partner, KPMG

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Arun Singh, Corporate Treasurer, Aramex

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Kuwait team

Rob Farrow, Corporate Treasurer, Alghanim Industries

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Andrew McMichael, Group Treasurer, Agility

Andrew_McMichael2Andrew is the Group Treasurer for Agility, a Kuwait based, global logistics company with a turnover of around USD 5bn, operating in over 100 countries. After obtaining a degree in Chemistry and Business Administration in 1990 from Kingston University, he joined Unilever in the Treasury department and obtained his ACMA in 1994. He joined Ocean Group plc (later renamed Exel plc) in the treasury department in late 1994, and became Group Treasurer in 1998. He left Exel in 2004 and worked with a start-up company specialising in trade receivable financing, but has now returned to mainstream Treasury and has moved to Kuwait.

Andrew obtained his AMCT in 1995, and is a member of the ACT Programme Committee in the UK, and a founder committee member of the ACT Middle East.


Oman team

Ravi Narayanan, GM Treasury, Omantel

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Gary Slawther, Corporate Treasurer, OCTAL Petrochemicals

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Qatar team

Jacob Tharakan, Treasurer, Qatar Telecom

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Saudi Arabia team

Riyadh: Mark Holliday, Group Treasury Director, Dar Al Riyadh

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Jeddah: Edward Collis, Corporate Treasury, Head of Credit & Risk,

Ed_Collis_MEAC14Edward Collis is Corporate Treasurer, Head of Credit & Risk at Zahid Tractor & Heavy Machinery. Zahid Tractor is the leading heavy machinery distributor in Saudi Arabia having been distributing Caterpillar machinery and equipment to virtually all public and private sectors in the Kingdom since 1950. Edward joined Zahid Tractor in November 2010. Prior to working for Zahid Tractor, Edward previously held senior Treasury positions with Virgin Atlantic Airways Limited and Rentokil Initial plc. Edward is a Chartered Accountant and a member of the Association of Corporate Treasurers.