Chief Financial Officer

Overview

Sporti & Sayedat, a dynamic and expanding fitness brand based in Al Khobar, Saudi Arabia, is seeking a commercially savvy Chief Financial Officer (CFO) to join its executive leadership team. This role involves spearheading the financial strategy and growth of the company during a critical phase of expansion with the launch of their second fitness club.

Key Responsibilities

• Formulate and implement comprehensive financial strategies aligned with the company’s growth objectives.
• Enhance revenue streams, profitability metrics, cash flow management, and operational effectiveness.
• Lead all budgeting, forecasting, financial modeling, and generate management reports regularly.
• Track and analyze key fitness industry performance indicators such as membership revenue, retention rates, facility utilization, payroll efficiency, and club profitability.
• Collaborate closely with operational and commercial teams to refine pricing strategies, manage costs, and improve overall business results.
• Ensure robust financial controls, uphold governance standards, compliance adherence, and effective cash management.
• Oversee financial planning and perform investment analyses related to opening the second Sporti club location.
• Manage relationships with financial institutions, auditors, investors, and other external advisors.

Candidate Profile

• Demonstrated leadership as a CFO, Finance Director, Head of Finance, or equivalent senior financial role.
• Experience specifically within leisure, fitness, health clubs, wellness, or hospitality sectors is mandatory.
• Deep understanding of membership-driven business models and commercial finance dynamics.
• Proven track record supporting business expansion, investment strategy, and management of multi-site operations.
• Proficiency in financial modeling, budgeting, forecasting, and managing cash flows.
• Familiarity with the financial regulations and compliance standards in Saudi Arabia.
• Possession of a professional finance certification such as CPA, ACCA, CMA or an equivalent qualification is highly desirable.

Why Join Us?

This role offers a distinctive opportunity to contribute to a growing fitness enterprise at an exciting growth juncture. As a CFO with Sporti & Sayedat, you will influence high-level strategic decisions, drive financial success, and play a pivotal role in expanding one of Saudi Arabia’s emerging fitness brands.