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FINANCIAL NEWS
Zain Saudi announces Kabbani a new CEO
02 Sep 2013
(MENAFN) Zain Saudi, Saudi Arabia’s No 3 telecom operator, announced Mr. Hassan Kabbani as the new chief executive of the company with immediate effect yesterday, according to Gulf Daily News.
The Lebanese Kabbani replaced Fraser Curley who was announced the CEO of the company in March 2012.
The Zain Saudi’s net loss was USD99 million during the period from April to June, compared to USD105 million in the same period last year, while the company’s revenues increased 9 percent to reach USD0.45 billion.
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