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16-Apr-2018

Zain KSA appoints Al Deghaither as CEO, Kaliaropoulos steps down

Mobile Telecommunications Company Saudi Arabia’s BoD (Zain KSA) [7030.SE] decided on 15 April that its CEO, Peter Kaliaropoulos, will step down. The company appointed Sultan Al Deghaither as CEO, according to a company disclosure. Kaliaropoulos will leave the company by 30 June to pursue other opportunities in the industry. Al Deghaither, currently Zain KSA’s COO, has worked with Zain KSA since the launch of its operations as radio planning and optimisation manager in 2009 and has continued to work with the company ever since. 

Zain KSA: SAR7.20 as of 15 Apr. 2018, Rating: Neutral, TP: SAR6.79/share, MCap: USD1,121mn, ZAINKSA AB/7030.SE
 

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