Saudi-based Red Sea International (RSI) has appointed Khalid Mohammed Fagih as its new chief executive replacing Engineer Tareq Mohammed Telmesani who stepped down from his post recently.
With offices in the UAE, Oman and Kuwait, RSI is one of the largest manufacturers of modular buildings in the GCC with over 40 years' experience in the oil and gas, affordable housing and remote buildings sector, providing both long- and short-term rental solutions to its clients.
With a 26-year track record in business management and corporate leadership transformation, Fagih’s appointment comes at an exciting juncture of RSI’s journey towards business restructuring, consolidation, and transformation, said the statement from the company.
An financial industry expert, Fagih has been part of a number of finance disciplines including corporate banking, risk management, digitization, project finance, and investment banking.
His last post was as the general manager of Samba’s Corporate Banking Group, it added.
RSI said with this strategic appointment, it looks to catapult its operations by developing its products and services, improving performance, reducing costs, adopting digitisation, and closing low-performing assets.
The company will capitalise on Fagih’s extensive experience managing high-profile transactions with government and private sector companies, to foster tactical partnerships that can deliver significant value for the company, said a spokesman for RSI.
With these efforts, RSI intends to be future-ready and agile to cater to the projects emanating from the ambitious Vision 2030 of Saudi Arabia, by providing modular construction, facility management, and real estate, asset management and rental services, he added.-TradeArabia News Service