Mobily appoints new CEO

Farroukh was head of MTN South Africa, but he resigned last week
Ahmad Farroukh, new CEO at Mobily.
Ahmad Farroukh, new CEO at Mobily.

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Mobily has appointed Ahmad Farroukh as its new chief executive effective from Sunday, it said in a statement.

Farroukh was head of MTN South Africa, but he resigned last week for personal and family reasons, as the operator stated.

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According to MTN, he would leave by the end of July MTN said. Workers at MTN have been striking for almost two months for higher pay.

The telco said in a statement that Farroukh brings "a proven track record of success in the area of financial management, audit and operations".

Mobily removed previous CEO Khalid al-Kaf in February, who had been suspended since November when the company first revealed significant accounting issues. Deputy CEO Serkan Okandan has been serving as temporary head since November.

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