STC Group CEO Saud Al-Daweesh hands his notice to exit the Group

Following a long standing career with STC, Croup CEO Saud AL Daweesh hands in his notice to retire leaving a track record of achievements and contribution to the largest telecommunications group in the region. In a statement issued on Tadawul, STC announced the resignation of AL DAWEESH on April 2nd . The Group CEO will remain in his position for the next six months to ensure smooth handover prior to retirement. Eng. Saud has been instrumental in the transformation and the growth path of the company”, Said His Excellency Dr Mohammad AL Jasser, Chairman of the Board of STC Group. AL Daweesh spent the last six years leading the company and more recently, he became Group CEO as the organization was restructured to cater for its international operations. His career journey including the transformation of the company into a global operation with over 160 million subscribers and 19 operations in south East Asia, The Middle East, Turkey and Africa. The company is the largest among its regional peers in terms of revenues, subscribers and market capitalization. More recently, The company has also shown an upward trend in its financial performance in the Saudi market with a solid company performance. AL Daweesh said: “ I made this decision for personal reasons and I am fully confident that the organization will continue its journey of success with highly skilled and enthusiastic people in the company”. He added; “ I will make sure that the responsibility is handed over smoothly over the next six months and I thank all those who worked in the company with me and dedicated their efforts to make us all proud”.


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