We recently had the privilege of interviewing Rami Nairat, Chief Financial Officer at SNASCO Investments L.L.C. Rami is widely recognized in this diverse industry and has expertise at the strategic and tactical helm for over 22 years as an accomplished International Executive. In this interview, the C.F.O. shares about his career journey, challenges, and building effective teamwork.
Rami plays a pivotal role in shaping the organization’s current position in the industry. His vast expertise extends to investment, capital projects, real estate, infrastructure, oil and gas, and construction. As the C.F.O. of the organization, Rami Nairat shares his profound insights on misconceptions about the industry and plans of the organization while offering invaluable lessons for beginners.
Spark Behind Joining The Field
We started the interview by asking, “What inspired you to start your professional journey in this field?”
Rami responds, “I completed my academic journey with graduation in 2002 from Jordan. I then pursued an M.B.A. focusing on Financial Modeling and Valuation Analysis (FMVA). My professional journey commenced with a 14-year tenure at an international construction company in the G.C.C. Subsequently, I transitioned to roles within family investment offices and groups.”
An Overview Of The Business
We were curious to learn more about Rami Nairat’s current role and the services offered by the organization. So, we asked, “Could you tell us more about yourself and your business?”
He shared, “Currently, I hold the position of Group C.F.O. at Snasco Investment-UAE, a Saudi family group. In this capacity, I oversee investments outside the Kingdom of Saudi Arabia. Our focus areas encompass investments in the sectors of Food and Beverage (F&B), Agriculture, and Real Estate.”
There are several myths associated with the investment sector. To help our readers identify and avoid similar misconceptions, we asked, “What’s a common misconception about your industry or role that you’d like to address?”
Rami replied, “Under Snasco’s investment portfolio, we are proud to share two successful investment stories where we own 100%:
- Oakberry (Acai brand from Brazil): We hold the master franchises for 22 countries, with over 100 stores opened by us in the U.A.E., K.S.A., Oman, Kuwait, Bahrain and Lebanon, and ongoing progress in Jordan, Indonesia, and Malaysia.and more countries under
- Veggitech: This company stands out as one of the largest agriculture companies in the U.A.E., boasting over 350,000 square meters of farm space and a diverse range of more than 60 products.”
Adaptability Amidst Challenges
Challenges are an inevitable part of any business. So, we asked, “What have been the major challenges in your business? How did you overcome it?”
“We are currently grappling with challenges related to cost control and the need to enhance efficiency. Equally vital is the imperative to boost sales.” Rami Nairat shared.
Plans We Asked Rami Nairat
We further asked, “Tell us more about your professional goals and how you aim to achieve them?”
He continued, “My goal is to continually expand my knowledge and stay abreast of evolving technologies and techniques, particularly given the increasing significance of A.I. Leveraging such advancements is crucial for enhancing work efficiency and accuracy.”
Focusing on effective teamwork is paramount to ensure the success of the business. We asked, “How do you foster collaboration and teamwork within your organization or group?”
He responds, “I believe that providing encouragement, offering proper guidance, and affording opportunities to the team under your supervision contribute significantly to improving organizational processes and cultivating employee loyalty.”
Suggestions For Beginners, we asked Rami Nairat
We ended the interview by asking, “How do you envision the future of your industry or field in the next 5-10 years? Do you have a piece of advice that you would like to say to people just starting in this industry?”
“My advice to individuals pursuing the same career path is to prioritize continuous learning and practical application of the most advanced techniques. In today’s highly competitive market, success hinges on being a fast learner, possessing extensive knowledge across various aspects, and cultivating strong communication skills.” Rami concluded.
Connect with Rami Nairat on LinkedIn.