Zain Saudi CEO to quit today

Saad Al-Barrak is to resign at the telecoms operator's board meet today, says report.
Saad Al-Barrak is also the former chief executive of Zain.
Saad Al-Barrak is also the former chief executive of Zain.


Zain Saudi’s chief executive Saad Al-Barrak is expected to resign at a meeting of the telecoms operator's board on Tuesday, said a Reuters report quoting Kuwaiti newspaper Al-Rai.

The newspaper’s unsourced report stated: "Al-Rai newspaper has learned the CEO of Zain Saudi has expressed his desire to resign from his position during the board meeting expected today, due to undeclared reasons."

Barrak, who is also the former chief executive of Zain, was the architect of Zain's rapid expansion in the previous decade, when Zain claimed to be the fourth largest telecoms operator globally, covering operations in 23 countries.

A spokesman for Zain declined to comment on whether Barrak was expected to resign from his post at Zain Saudi, saying the latter's board was independent.

Zain Saudi is a unit of the Kuwaiti operator Zain which owns a 25% stake in the Saudi operation as well as holding management control.

Earlier in September this year, Bahrain’s Batelco Group and Kingdom Holding Company (KHC) withdrew a $950 million bid for a 25% stake in Zain KSA.

REGISTER NOW | Webinar Event | Security you can bank on – Safeguarding the Middle East’s financial sector

Presented in partnership with security and network specialist Cybereason, the second in the three part webinar series will bring together a panel of experts to discuss how banks and financial institutions are evolving their service offering while simultaneously staying one step ahead of the cyber criminals who seek to bring their operations crashing to the ground.

Editor's Choice

Emerson expands analytics platform for industrial enterprise-level wireless infrastructure management
Plantweb Insight platform adds two new Pervasive Sensing applications that manage wireless networks more efficiently with a singular interface to the enterprise
Digitalisation seen as a competitive advantage by Middle East private businesses
Nearly 80 per cent of private business leaders acknowledge that digitalisation can impact business sustainability
Etisalat introduces Multi-Access Edge Computing architecture delivering best-in-class video streaming performance for 5G networks
MEC architecture achieves performance gains of as much as 90% in video streaming, validating how ultra-low-latency applications will be delivered over 4G and 5G networks

Most popular

Don't Miss a Story