India’s Yuvraj Narayan, Chief Financial Officer (CFO) of Dubai’s marine terminal operator DP World, has been named Middle East North Africa (MENA) CFO of the Year 2008.
The award is in recognition of Narayan’s contribution towards the success of the 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.
“The award is a 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 said.
Narayan helped DP World to grow from a UAE-based operator to the 4th largest marine terminal operator between 2005 and 2007. In 2007, he delivered both the Middle East’s first long dated, rated conventional 30-year USD1.75 billion bond issue and DP World’s USD21 billion IPO, the largest in the Middle East.
A qualified chartered accountant, Narayan joined 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 Co SAOG.
With 48 terminals and 13 new developments across 31 countries in 2007, DP World handled more than 43.3 million TEU (twenty-foot equivalent container units) across its portfolio from America to Asia, an increase of 18 per cent on 2006. It has global capacity of more than 54 million TEU which is expected to touch around 90 million TEU by 2017.