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Yousef Rashid Al Rashid

Yousef Rashid Al Rashid
Yousef Rashid Al Rashid  <br> <span>Board Member<span>
Yousef Rashid Al Rashid
Board Member

Biography

Education

  • 1997 - 2001 Strayer University -Washington DC, USA Bachelor of Science, Majoring in International Business
  • 1995 - 1996 Institute of Public Administration, Riyadh, Saudi Arabia Diploma in Banking Operations

CERTIFICATES

  • Financial Accounting Certification, The Institute of Banking, Riyadh, 1997.
  • Principles of Banking Certification. The Institute of Banking, Riyadh, 1997.
  • Products and Services of the Bank Certification. Arab National Bank, Riyadh, 1997.
  • Private Banking Services Certificate. Arab National Bank, Riyadh, 1997.

WORK EXPERIENCE

Rashid Saad Al Rashid & Sons Company (RSR) 2006 to present Managing Partner

Recently restructured the company to be a holding company and set up an investment committee in order to improve decision making and increase the asset portfolio of the group in order to be one of the largest investment companies in the country. Working on new investment opportunities locally and internationally. Creating mergers and acquisition deals within the local market. Appointed new management teams within core companies which has led to significant improvement in both revenues and profitability. Set up comprehensive policies and procedures across all subsidiaries including corporate governance at the holding level.

Packaging Products Company 2015 to present Chairman of the Board

Financial Size: SAR 250 million annual revenues Recently completed a turnaround project to improve the declining profit margins through analysing the industry value chain and focusing on reducing manufacturing costs in the plant and developing a new range of innovative high value products. Total cost per unit has decreased by 13% and production utilization has increased to over 95% after the turnaround project.

Golden Chicken Company 2015 to present Managing Director and Chairman of the Executive Committee

Financial Size: SAR 200 million annual revenues Recently completed a turnaround project to rebrand the company and position the new Brand as a premium product and expanded distribution across the Kingdom. Appointed a new management team to spear head the growth and expand production facilities to triple the size of the company within the next 3 years.

Al Rashid Trading & Contracting Company (RTCC) 2009 to 2016 Assistant General Manager

Financial Size: SAR 2-5 billion annual revenues Main responsibilities included Strategic Planning, all Procurement activities, and special projects execution. Was also responsible for leading a number of cost saving initiatives to reduce total overhead costs which included downsizing some departments in light of new economic slowdown.

Razin Trading Company 2014 to present Managing Director and Board Member

Financial Size: SAR 100 million annual revenues As the furniture industry faced significant slowdown during the last 4 years due to increased competition and lower spending by consumers, a turnaround project was kicked off to create a new concept in the industry which is to allow the final consumer to design and order his / her requirements with the support of creative and highly skilled designers in the store. This has increased sales from SAR 60 million in 2104 to SAR 93 million in 2018 and enhanced the Company's Brand name.

Specialized Medical Centre (SMC) 2017 to present Board member and Audit committee member

Financial Size: SAR 600 million annual revenues An active member of the Board and head of the steering committee for a project worth SAR 450 million.

Tabouk Fishery 2014 to present Board Member and executive committee member

Financial Size: SAR 80 million annual revenues Saudi Rubber Products Company 2006 to 2015 as Managing Director 2015 to present as Board Member Financial Size: SAR 50 million annual revenues

Ejar Cranes and Equipment 2014 to present Member of the Executive Committee

Financial Size: SAR 130 million annual revenues

Arabian United Float Glass Company 2014 to present Board Member

Financial Size: SAR 160 million annual revenues

Al Ghurair Foods - UAE 2002 to 2005 Brand Manager

Financial Size: Dh 850 million annual revenues Arab National Bank 1993 to 1998 Assistant section Head - Corporate Banking