
Zain Saudi has appointed Fraser Curley as chief executive, its third CEO in less than six months, the telecoms operator said on Monday. Curley's appointment comes after Zain Saudi, an affiliate of Kuwait's Zain, said it had accepted the resignation of Khalid al-Omar, according to a statement on the Saudi bourse. Omar was formerly chief executive of Zain's operations in Kuwait and took over as head of Zain Saudi in October following the departure of Saad al-Barrak. Barrak had also been a former group CEO of Zain. Fraser joined parent Zain in January as advisor to the group CEO in Kuwait, according to his LinkedIn profile. The management upheaval comes as Zain Saudi tries to repair its balance sheet. In February, banking sources told Reuters the operator was in talks to refinance a $2.5bn Islamic syndicated loan maturing in July, while it has also proposed a capital refinancing as accumulated losses near SR10bn.
GMT 17:56 2018 Wednesday ,17 January
Ericsson to write down 1.4 billion euros in fourth quarterGMT 19:16 2018 Saturday ,13 January
China shuts Marriott website over Tibet error, scolds other firmsGMT 17:31 2018 Thursday ,11 January
UK group bids for Europe's biggest aluminium smelterGMT 17:24 2018 Thursday ,11 January
UK supermarket Sainsbury's lifts outlook after bumper ChristmasGMT 17:52 2018 Tuesday ,09 January
H&M removes 'black boy' ad after racism accusationGMT 19:38 2018 Wednesday ,03 January
Petrobras pay $2.95bn to settle US class action on corruptionGMT 13:49 2018 Wednesday ,03 January
China’s Ant Financial drops $1.2 billion MoneyGram deal as US approval failsGMT 17:47 2017 Sunday ,31 December
BA owner to buy bankrupt Austrian airline Niki
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor