Riyadh – Mubasher: The Saudi Telecom Company (STC) on Tuesday announced the resignation of Khaled Bin Hussain Biyari after King Salman bin Abdulaziz appointed him as defense minister assistant for executive affairs upon royal decree.
STC’s board of directors has appointed Nasser Bin Sulaiman Al Nasser as an acting CEO for six months, starting from 26 February, according to a statement to the Saudi Stock Exchange (Tadawul) on Tuesday.
By 10:14 am KSA time, STC’s stock fell 0.48% to SAR 75.30.
