Tuesday 13 March 2012

UPDATE 2-Debt-riddled Zain Saudi names chief executive | Reuters

Indebted telecoms operator Zain Saudi has appointed Fraser Curley as chief executive, its third CEO in six months, as it seeks a first quarterly profit some four years after launching.


Curley's appointment came after Zain Saudi, an affiliate of Kuwaiti group Zain, said on Monday it had accepted the resignation of Khalid al-Omar, who will now retire.


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 was also a former Zain group CEO.

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