The board of directors of Saudi Telecom Co. (STC) has accepted the resignation of Saud Bin Majed Al-Daweesh, CEO of STC. Al Daweesh submitted his resignation on Jan. 10, but the board did not accept it until Monday, the company said in a statement. The chairman and board members expressed their gratitude to Al-Daweesh for the efforts he exerted during his term as chief executive of the company, during which STC witnessed remarkable achievements. The company progressed from a local operator to an international one, working in 11 countries. During his time, the number of STC customers reached 160 million while its revenues doubled to reach SR57 billion. Al-Daweesh also exerted tremendous efforts to make it a pioneering company offering modern and innovative services, like 4G and 3G as well as fiber optic and multimedia services. Al-Daweesh chaired the group for two straight periods during which STC won many awards and international recognitions. He joined the company in February 2006. Gulf Business magazine listed Al-Daweesh among the top 100 personalities in the Middle East in 2011.
