Red Sea International Co.’s board of directors appointed Khalid M. Fagih as chief executive officer (CEO) from May 1, 2021, the company said in a bourse statement.

 

The step followed the resignation of Tareq Mohammed Telmesani, who resigned in February.

 

Fagih has over 26 years of banking experience and his professional track record spans several finance disciplines, including corporate banking, risk management, digitization, project finance, and investment banking. His last post was the general manager of Samba’s corporate banking group, the statement added.

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