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Red Sea International Co. Appoints Ghassan Al-Ashkar as Acting CEO

Apr 06, 2025

Position

Chief Executive Officer

Company

Red Sea International

Ghassan Al-Ashkar
ghassan.ashkar@redseaintl.com
RiyadhConstructionBuilding MaintenanceBuilding MaterialCivil Engineering

Description

Red Sea International Co. announced the termination of CEO Marwan Sayegh and appointed Ghassan Al-Ashkar as Acting CEO effective immediately. Al-Ashkar, previously a Senior Vice President of Finance, will lead the company until a permanent CEO is selected.

Quick answer

Red Sea International Co. Appoints Ghassan Al-Ashkar as Acting CEO (April 6, 2025). Red Sea International is based in Riyadh, Riyadh Region, Saudi Arabia.

Who is the new Chief Executive Officer at Red Sea International?
Red Sea International named Ghassan Al-Ashkar Chief Executive Officer, announced April 6, 2025.
What did Red Sea International announce on April 6, 2025?
Red Sea International Co. announced the termination of CEO Marwan Sayegh and appointed Ghassan Al-Ashkar as Acting CEO effective immediately. Al-Ashkar, previously a Senior Vice President of Finance, will lead the company until a permanent CEO is selected.
What does Red Sea International do?
Red Sea International (RSI), is known for its strong record and international expertise.
Where is Red Sea International based?
Red Sea International is based in Riyadh, Riyadh Region, Saudi Arabia.
Which similar companies made leadership changes around the same time?
Best Contracting Services (March 2, 2025), BOND Building Construction (February 21, 2025), Fluor Corporation (April 7, 2025) and Doosan Group (March 31, 2025) also announced leadership changes within 45 days of Red Sea International.

Source: Fundz verified event record.

Other recent leadership changes in Construction and Building Maintenance

Executive moves at companies in the same sectors within 45 days, from Fundz verified event records.

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Company Information

Company

Red Sea International

Location

Riyadh, Riyadh Region, Saudi Arabia

About

Red Sea International (RSI), is known for its strong record and international expertise. As a Saudi Public Joint Stock listed company, we are known for resilient leadership and global reach. Where quality has no compromise, we are delivering leading-edge integrated engineering technology and seamless solutions. Committed to fostering best practices, we are pushing forward quality and safety standards, providing value for our shareholders and people. Rooted in the ethical business model of the Omnipreneurship ecosystem, we embrace an inclusive culture and open working environment with a responsible approach towards innovation, continuing to evolve the future of our sector to build better communities for society.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.