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Saudi Telecom Chief Exec, Saud al-Daweesh, Submits Resignation

Saudi Telecom Chief Executive Saud Al-Daweesh, Submits Resignation

April 2 |         Mon Apr 2, 2012 12:23pm BST

April 2 (Reuters) – The chief executive of Saudi Telecom Co , Saud al-Daweesh, has resigned, two company sources said on Monday.

The sources, speaking on condition of anonymity, did not give a reason for Daweesh’s resignation, which has not yet been announced on the Saudi bourse website.

Saudi Telecom is majority government-owned and held a monopoly on telephone business inside the kingdom until reforms opened up the sector in the last decade.

Reporting By Angus McDowall

Source: http://uk.reuters.com/article/2012/04/02/sauditelecom-ceo-resigns-idUKL6E8F237H20120402

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