Finance and investment in the global energy space has evolved in recent years and has never been more important than it is today, especially as companies look towards smart investment models for smart growth that in turn lead to new partnerships and future business opportunities.
With the typically cyclical nature of the industry, the recent oil price fall and downturn in oil demand due to the unprecedented outbreak of COVID-19, finance leaders across global oil and gas companies, with the support of governments and major financial institutions are putting in place strategies to ensure business continuity and financial stability, energy security and economic equilibrium.
Against the backdrop of the Egypt Petroleum Show and in alignment with the Egyptian Ministry of Petroleum and Mineral Resources, we are delighted to announce the introduction of the inaugural Global Finance and Investment Awards.
These prestigious Awards are shaped by 2 individual categories; Global Financial Institution of the Year and Global Finance Leader of the Year, and led by an unbiased Advisory Committee who will review and select the winning entrants to be recognised at the official Awards Ceremony in February 2022.
Following the review by the Awards Advisory Committee, we are pleased to announce the shortlisted finalists of the Global Finance & Investment Awards. Winners and the highly commended of both categories will be announced during the EGYPS Finance & Investment Summit and Awards Ceremony on Tuesday 15 February 2022
EGYPS 2022 Finance and Investment in energy AWARDS SHORTLISTED FINALISTS
CATEGORY 1: FINANCE LEADER OF THE YEAR
Ahmad Ali BinObood
Chief Financial Officer
Dragon Oil UAE
Al-Moataz Ballah Al-Said Mohamed Abu Seif
Chairman Assistant for Finance
Egyptian Maintenance Company Egypt
General Manager - Projects Costing and Support Services
Khalda Petroleum Company Egypt
Wintershall Dea Egypt
CATEGORY 2: FINANCIAL INSTITUTION OF THE YEAR
From Sunday 17 January – Thursday 4 February 2021, the Awards Advisory Committee will review and rate the entries submitted across two categories. Based on the scores, the finalists will be announced on all digital channels - social media, email and website - on Tuesday 9 March 2021.
Please check the timeline below for more information.
This award category recognises outstanding global finance leaders in the oil & gas industry for their contribution to the growth and profitability of the business.
- CFOs, Senior Vice Presidents/Vice Presidents, Directors, Heads of Finance or equivalent job titles from the global oil & gas industry with 8+ years of experience in finance in the energy sector
- Senior executives in the energy industry (including renewables) with experience in corporate strategy, mergers & acquisitions, financial modelling, etc., can also submit their entries for this category
- Entries can be made by the individual directly. Colleagues, peers or company representatives may also submit an entry on behalf of an individual
- Note: Please do not submit your entry more than once. If multiple entries are received, the most recent entry will be considered, and older entries will be deleted
- Companies may nominate more than one employee/individual in this category
- Finance & Investment Advisory Committee Members cannot be nominated or nominate themselves in this category
Cover letter (mandatory)
The entry must include a cover letter summarising why the individual has been nominated. The cover letter must be personalised and must articulate the nominee’s journey and story. The cover letter must include information on (but is not limited to):
- Leadership and strategic skills: Includes initiatives taken to oversee and consistently improve the financial position of the business; optimise internal processes and business performance; enhanced investor and stakeholder management; lead corporate debt restructuring with support from financial institutions; value added to projects and risk management
- Mentorship: Measures taken to mentor and advance team members; initiatives pioneered within and outside of your organisation on advancing financial excellence, transparency, integrity and profitability
- Digital journey: Driving adoption of digital technologies with a solid technical infrastructure to derive business insights from internal as well as external financial data; streamlining outdated or redundant processes
- New business avenues: Recommended (or finalised) mergers or acquisitions that fit the company’s long-term business objectives; proven relationships with capital markets and investment banks for financing the business operations or expanding the business
Cover letters will be accepted in two formats:
- Written format: This should be 750 words or less, and can be submitted as a text in the submission box or as a PDF attachment. Professional CVs will not be considered as an entry and will be deleted.
- Video format: You can also record a short video (4 minutes or less) and upload it as an attachment. Please be informed, videos longer than 4 minutes will be disqualified.
Supporting Documents (Optional)
- Recommendation Letters from clients, internal stakeholders, direct reports, and peers
- Links to any relevant articles, publications, articles or interviews
- Photos or links to industry awards or recognition received if any
Originality and quality of the entry (10%)
While the Finance & Investment Awards highlight professional and personal achievements, this evaluation criteria is all about how original your entry is. How are you presenting your story?
Measurable achievements and significant indicators of progress (30%)
Please highlight professional achievements within your career. Examples include starting a new business vertical, successfully leading an acquisition or raising capital for business expansion or project financing, created processes to identify and mitigate business risks, piloted CAPEX and OPEX reduction across the business, improved investor confidence and relations through constructive corporate governance and reporting methodologies, corporate budget restructuring considering cyclical and fluctuating oil prices etc. Personal achievements may be included.
Please highlight how you have innovated within your role. Examples include creating/introducing a new technology or process to the business that has helped the business save time and money; thought of and implemented an out of the box idea that helped transform your division/project, ensuring financial stability during unexpected market turmoil through novel cash flow and foreign exchange management strategies, driving digital transformation within the whole business or a specific vertical, amongst others.
Mentorship initiatives (20%)
Please highlight the initiatives you’ve pioneered and led within and outside your organisation to be an effective role model for your colleagues. These initiatives can be within or outside of the energy sector and can include paid and voluntary mentorship initiatives like leading a financial training session, coaching the finance team to grow personally and professionally, tutoring students for mathematics, accounting or finance examinations or certifications.
Professional skills and job know-how (20%)
Successfully demonstrated professional skills and job know-how and has taken substantial effort in continuously upgrading this knowledge. This can include information on courses undertaken, and articles and publications authored.
Please note, this is not restricted to technical field know-how only. This can include your learning and development within your job function or cross-functional expertise including HR, administration, IT, engineering, or daily operational processes.
This award category recognises global financial institutions (banking and non-banking financial companies) and trade bodies that have contributed to and supported the energy industry.
- Global financial services companies who actively work with the energy industry
- Entries can be submitted by banks (investment and retail), wealth funds, private equity firms, insurance companies, consulting companies, legal advisors, trade entities, export credit agencies and any other banking & non-banking financial institution that works with the energy industry or has invested in the energy industry.
- Entries to be submitted by a company representative. One company can submit only one entry
- Joint ventures, subsidiaries, merged and/or acquired companies with separate brand presence from the parent company, may submit a separate entry.
- Please do not submit your entry more than once. If multiple entries are received, the most recent entry will be considered, and older entries will be deleted.
- Companies represented on the Advisory Committee may submit their entries for this category.
Cover Letter (Mandatory)
The entry must include a cover letter summarising why the organisation is submitting an entry for this award category.
The cover letter must be 1,000 words or less, personalised, and must articulate the business’ journey and story in supporting the oil & gas industry. The cover letter must include information on key capabilities and services exclusive to the energy industry including but not limited to:
- Key business transactions or transaction volume
- Customer and client success stories and endorsements
- New products, solutions and financial innovation
- Deployment of technology for efficient financial reporting and investor market insights
- Digital strategy for cybersecurity and online risk management agility
- Sustainable and energy transition investments including environmental, social and corporate governance (ESG)
Note: Numbers mentioned in this category will be treated with strict confidentiality and will not be used/shared outside the scope of these awards.
Supporting Documents (Optional)
- Recommendation letters from business stakeholders, and/or clients supporting the company’s products and/or services
- Links to any articles or publications authored by a current member of the business
- Photos or links to industry awards or recognition received by the company, if any
Originality and quality of the entry (20%)
This evaluation criterion is all about how original your entry is. How are you presenting your company’s journey in delivering transformational business deals and project financing to the energy industry taking into account changing regulatory and cyclical market conditions?
Measurable achievements and significant indicators of progress (50%)
Measurable achievements and impact of initiatives taken by the business to enhance financial support to the energy industry. Examples include, but are not limited to:
- Managing the complexity of a client project, deal or transaction
- Access to reserve investor base
- Creating effective platforms for deal facilitation and mezzanine financing
- Consistent increase in YOY project financing deals
- Portfolio expansion, M&A activity
- Corporate debt restructuring and advisory
Please ensure you highlight the progress made within the business after starting the initiatives. Initiatives will be evaluated based on the implementation and impact of the initiatives. The aim is quality rather than quantity.
Please highlight how your products and offerings are innovative and different from other companies in the market and how has this innovation helped drive business profitability.