Home GCC Saudi Arabia Saudi Telecom’s Domestic CEO Resigns Jameel Abdullah al-Molhem is the latest in a line of senior executives to leave the company. by Reuters February 3, 2013 Saudi Telecom Co’s (STC) chief executive for its domestic operations has resigned, a company spokesman said on Sunday, the latest senior executive to quit the former monopoly. STC declined to give further details. Jameel Abdullah al-Molhem’s departure follows that of group CEO Saud al-Daweesh and international CEO Ghassan Hasbani last year. The Gulf’s number one telecom operator by market value posted a 79 per cent drop in fourth-quarter profit in January, which it blamed on rising costs and one-off charges at its Indian and South African affiliates. STC’s shares are down 5.5 per cent in 2013, underperforming the wider Saudi share index, which is up 3.8 per cent. 0 Comments