Saudi Telecom Co (STC) today announced the appointment of Khalid bin Hussain Biyari as chief executive officer (CEO).
His current roles include senior vice president for technology and operations, and vice chairman of affiliate Viva Kuwait.
The previous CEO Khaled al-Ghoneim resigned in March 2013 after spending less than one year at STC. Currently, STC Chairman Abdulaziz al-Sugair has the additional responsibility of the CEO as well.
A Reuters report said Biyari will assume his new role on April 27.
On Monday, STC posted a 33 percent decrease in fourth-quarter profit. Domestically, STC competes with Etihad Etisalat (Mobily), an affiliate of Abu Dhabi-listed Etisalat, and Zain Saudi, part-owned by Kuwait’s Zain.
