STC announces resignation of CEO and assignment of Acting CEO
Saudi Telecommunications Company (STC) [7010.SE] announced the resignation of CEO, Khaled Bin Hussain Biyari, who has been appointed as Assistant Minister of Defense for Executive affairs, according to a company disclosure. The BoD appointed Nasser Bin Sulaiman Al Nasser as Acting CEO starting 26 February 2018 for a period of six months.
Saudi Telecom Company: SAR75.66 as of 26 Feb. 2018, Rating: Neutral, TP: SAR71.00/share, MCap: USD40,352mn, STC AB/7010.SE
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