Al Barrak resigns as Zain KSA MD

Zain Group has announced that the resignation of Saad Al Barrak, managing director and CEO of Zain Saudi Arabia was approved by the board of directors of Saudi Mobile Telecommunications Co. (Zain KSA) in its meeting held on October 11.

The Zain KSA board also announced the appointment of Badr Nasser Al-Kharafi as the replacement board member and also appointed current board member Khalid Al Omar as managing director and CEO with immediate effect. The appointment of Al-Kharafi will be formally ratified at the next Zain KSA general assembly.

Al Barrak’s resignation comes after Batelco and Kingdom Holding’s failed bid to acquire a 25 per cent stake in the Saudi cellco was announced last month.