by Firas Wanli, Chief Financial Officer and Enamuddin Khan, Treasury Manager, Khidmah LLC
The diverse nature of Khidmah’s property-related services, and the growth in our business over recent years, created a variety of cash and treasury related challenges, not least difficulties in controlling, managing and reconciling incoming and outgoing cash flows in line with industry best practices. As an organisation, Khidmah seeks to demonstrate best-in-class efficiency, control and quality of service across all of its activities, resulting in an ambitious project involving Khidmah’s treasury team and partner bank Abu Dhabi Commercial Bank (ADCB).
Khidmah LLC, subsidiary of Aldar Properties & Capital Investment, is a fully integrated property & facility service solutions provider, delivering comprehensive services through a single channel to the finest properties in Middle East. This includes property management for more than 30,000 units, facilities management for 25 properties, owners’ association services to 13 properties and Khidmati (maintenance) services, together generating revenue of around AED350m and handling in AED1.2bn inflow of fund each year.