DP World’s chief financial officer (CFO) Yuvraj Narayan has been named Mena CFO of the Year 2008 at the second annual CFO Strategies Middle East Congress.

Organised by Naseba, a leading international business information company, the Congress introduced awards in various categories for the first time this year.
 
The 'CFO of the Year' award is the first of its kind in the Middle East and is in recognition of Narayan’s contribution towards the outstanding success of the leading global marine terminal operator.

The award committee commended Narayan for his ability to implement the highest standards of financial stewardship and workflow efficiencies, combined with his leadership and visionary qualities. 

“I am very honoured to receive this award,” Narayan said. “It is recognition of the enormous strides DP World has made over the past extremely busy three years.  I am grateful to be part of a management team of outstanding professionals, with a visionary board of directors and chairman Sultan Ahmed Bin Sulayem, who have given me their support at every step along the way.”

Narayan helped DP World to grow from a UAE-based operator to the 4th largest marine terminal operator between 2005 and 2007.

Among other achievements, in 2007 he delivered both the Middle East’s first long dated, rated conventional 30-year $1.75 billion bond issue and DP World’s $21 billion IPO, the largest in the Middle East.

Narayan, a qualified Chartered Accountant, came to DP World with more than 13 years of experience in international corporate and project finance with the ANZ Group between 1984 and 1997.

He was the head of corporate and project finance for South Asia before moving as chief financial officer of Salalah Port Services Company.

Naseba’s CFO Strategies Middle East Congress, which ended today, brought together more than one hundred CFOs from across the region to address the best practices in innovation, transformation and sustainability of the finance function and explore the strategies involved in improving corporate performance, minimising risk and achieving exceptional growth.-TradeArabia News Service