Indebted telecoms operator Zain Saudi has appointed Fraser Curley as chief executive, its third CEO in six months, as it seeks a first quarterly profit some four years after launching. Curley's appointment came after Zain Saudi, an affiliate of Kuwaiti group Zain, said on Monday it had accepted the resignation of Khalid al-Omar, who will now retire.
Omar was formerly chief executive of Zain's operations in Kuwait and took over as head of Zain Saudi in October, following the departure of Saad al-Barrak. Barrak was also a former Zain group CEO. Fraser joined parent Zain in January as adviser to the group CEO in Kuwait, according to his LinkedIn profile. "Omar was really just an interim appointment to fill a space until the company found a more permanent replacement for Barrak," said Asim Bukhtiar, Riyad Capital head of research.