April 29, 2012 / 11:36 AM / 5 years ago

Saudi Telecom names new chairman, vice-chairman

DUBAI, April 29 (Reuters) - Saudi Telecom Co (STC), the Gulf Arab region’s No. 1 telecoms operator, has appointed Abdulaziz al-Suqair as chairman and Mohammad al-Kharashi as vice-chairman, the former monopoly said on Sunday.

The pair were appointed for a period of three years at a company board meeting on Saturday, STC said in a statement to the Saudi bourse.

Earlier this month, STC said Chief Executive Saud al-Daweesh will step down, effective October 1. (Reporting by Mirna Sleiman, writing by Matt Smith; Editing by Amran Abocar)

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