Etihad Aviation Group (EAG) Acting Group Treasurer Adam Boukadida has been honoured with the highest individual accolade by the Association of Corporate Treasurers Middle East, the company said.
The industry body for bankers and treasurers has named Boukadida Treasury Professional of the Year, acknowledging his leadership for developing and implementing new policies and procedures to drive greater cost efficiency across the airline group.
Etihad Aviation Group is a diversified global aviation and travel group based in Abu Dhabi, and comprises five business divisions — Etihad Airways, the national airline of the United Arab Emirates, Etihad Airways Engineering, Etihad Airport Services, Hala Group and Airline Equity Partners.
Boukadida, who received the accolade at the Association of Corporate Treasurers Middle East´s annual awards in Dubai this week, is responsible for group-wide corporate treasury, as well as insurance and risk management. In addition, he has overall responsibility for corporate finance, governance, group taxation, as well as payment and anti-fraud solutions.
Ricky Thirion, Etihad Aviation Group Interim Group Chief Financial Officer, said: “Adam has been a tremendous leader, supporting the many different business units across Etihad Aviation Group to successfully drive greater cost efficiency, particularly over the past 12 months during extremely challenging times for our industry.
“His experience, leadership and innovative approach are commendable and the fact that his peers within the treasury and banking community across the Middle East have voted for him as the first recipient of this individual award demonstrates their confidence in his business acumen and high standards of professionalism.”
The award recognises an individual who is considered to have demonstrated excellence in treasury and made an outstanding contribution to their team, organisation or profession with consistency that has helped raise the profile of treasury practice in the region.
Over the past 12 months, Boukadida has spearheaded the completion of a cost-reduction global cash management project with Citibank and secured a unique USD1.5 billion sukuk transaction, a landmark debt capital market deal in the aviation sector and Islamic markets — and the largest of its kind in the Middle East.
He also launched Abu Dhabi´s first treasury graduate scheme for Emiratis at Etihad Aviation Group, and introduced new payment and fraud prevention solutions.