Dussur, a strategic joint venture of the Public Investment Fund (PIF), Saudi Aramco and Sabic, has appointed Dr Raed AlRayes as its new chief executive officer  (CEO) effective April 1.

Dr AlRayes has a proven track record of accomplishments in different professional capacities spanning nearly 20 years - with successful contributions across several fields including investment banking and direct investment.

He has played a key role in many financial institutions where he held leadership positions, and he has made significant contributions through board positions in numerous companies. Additionally, he has served as a member in several executive and advisory committees for leading public and private institutions that operates in several sectors, including energy, industry and services sector.

 “We are confident of the ability of Dr Raed to be instrumental in implementing the company’s strategy to open up new industrial sectors that will be of great importance to realising the goals of Vision 2030,” said Mohammed Abunayyan, chairman, Dussur.