Saad Al Barrak reported to have resigned from Zain

The chief executive officer of Kuwait’s Mobile Telecommunications, Zain, has resigned, according to reports by Al Arabiya television, citing unidentified sources.

Comm. contacted a Zain spokesperson for confirmation of the resignation, and was told, “No comment” earlier this afternoon.

Speculation regarding Al Barrak’s future at Zain began to mount last September after leading investors in Zain Group signed an agreement with a Malaysian-Indian consortium for the sale of a 46 per cent stake in the Kuwait mobile operator group. The agreement had been negotiated and entered into by Zain shareholders, with little-to-no input from Zain’s executive management, led by Al Barrak, a situation that is believed to have frustrated the CEO immensely.