Red Sea International appoints new CEO

Khalid Mohammed Fagih takes over from Eng Tareq Mohammed Telmesani

Red Sea International (RSI), the Saudi-based manufacturer of modular buildings in the GCC, has announced the appointment of Khalid Mohammed Fagih as its new chief executive, replacing Engineer Tareq Mohammed Telmesani, who stepped down from his post recently.

In a statement, the company said that Fagih is a financial industry expert with more than 26 years of banking experience. His professional track record covers a number of finance disciplines including corporate banking, risk management, digitisation, project finance, and investment banking.

His last post was as the general manager of Samba’s Corporate Banking Group, it added.

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. It has offices in the UAE, Oman and Kuwait.

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