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Saudi Telecom CEO Resigns
Published on:
The head of Saudi Telecom's domestic operations has resigned, the company has announced. He is the latest in a string of senior resignations from the company which recently posted a 79% fall in its fourth-quarter profits.
The company took one-time write downs of SR641 million on its investments in South Africa's Cell C and India's Aircel. The company was also hit by a SR544 million charge from deferred taxes at Aircel.
The departure of STC's local CEO, Jameel Abdullah al-Molhem follows the resignation of the Group and International CEOs last year.
STC declined to give further details.
On the web: Zawya
Tags: [saudi telecom] [Saudi Arabia]
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