The Board of Directors of RAFAL Real Estate Development Company has announced the appointment of Abdulrahman Bajunaid as CEO of the company as of Jan. 11, 2016. Sulaiman Al Muhaidib, Chairman of RAFAL Real Estate Development Company, said: "We are delighted to welcome Abdulrahman Bajunaid, a rich addition to our company, with his 19 years of experience throughout his previous leading positions in a number of local banks and renowned companies." AL Muhaidib added: "We are confident that with his vast managing experience and banking knowledge, Mr. Bajunaid will successfully manage our company and strengthen its leading position in the Saudi market, especially with the multiple ongoing projects that will upgrade the Real Estate concept and understanding in Saudi Arabia." Bajunaid has over 19 years' experience in various positions in banking and private sectors, and he also holds an executive MBA. His last position was Saudi Arabia Country Head/Executive Vice President in Gulf International Bank. Prior to that, he was the COO of ACWA Holding Company, Head of Corporate Banking Saudi Hollandi Bank, and Team Leader – Corporate and Investment Banking Group, SAMBA Bank. RAFAL Real Estate Development Company, established at the end of 2007, is specialized in developing integrated high-end residential communities. The company's mission revolves around developing various residential communities and offering middle-income individuals the comfort and standards of high-end residents. RAFAL is committed to providing consistent value for its long-term partners in success.
