STC CEO Jameel Al-Molhem resigns

Updated 03 February 2013

STC CEO Jameel Al-Molhem resigns

Jameel Abdullah Al-Molhem, CEO of STC KSA Operations, tendered his resignation to the telecom operator yesterday.
Saudi Telecom Co. (STC) is a Saudi-based telecommunications company that offers landline, mobile and Internet services.
Confirming the resignation, an official from the STC told Arab News that the reasons for his resignation were not known.
Al-Molhem’s resignation follows a string of resignations that occurred last year.
Last April Saud Al-Daweesh, CEO of Saudi Telecom Company (STC) submitted his resignation and STC’s board of directors accepted it effective Oct. 1.
Last August, the company announced a number of changes within its management structure involving executive positions. The STC Group announced that it had accepted the resignation of Ghasan Hasbani from his role as Group CEO-international operations due to the end of the contractual period.
In September, Dr. Ziad Al-Otaibi group CEO for technical operations also resigned. Otaibi’s resignation was preceded by Dr. Saad Bin Dhafer Al-Qahtani Group CEO for strategic affairs .
Last year, Al-Molhem launched the first Drive-Thru Self-Service Machine, at AlShate’ venue in Dammam, that provides more than 35 services for mobile and fixed-line customers, which was considered the first of its kind in the Middle East and boosting STC’s pioneer services among the regional telecom-operators.
“The Drive-Thru Self-Service Machines are considered as one of the latest innovative and advanced solutions STC offers to its customers, and being the pioneer and the sole operator in the region to offer such a distinguished and creative service,” Al-Molhem stated at the time. “Our inauguration comes in-line with STC’s overall strategy to meet our customers’ expectation and needs through direct and instant ease-designed services.
In January, STC reported 6.7 percent increase in revenues reaching SR 59,372 million compared to SR 55,662 million for the previous year. The increase in revenues, is attributed to the growth in Broadband (fixed and mobile), Business and wholesales services domestically and from international operations.
Gross profit for fourth quarter and full year increased by 2.6 percent and 7.2 percent respectively, reaching SR 8,144 million and 33,597 million consecutively compared to same periods the previous year.
The net income for the fourth quarter amounted to SR 468 million compared to SR 2,278 million for the corresponding quarter last year, with a decrease of 79 percent , and for the year, net income amounted to SR 7,350 million compared to SR 7,729 million for the corresponding period last year with a decrease of 4.9 percent.
STC operates through its five business units: Al Hatif, which includes landline services, card phones, public telephones, prepaid card services and business services; Al Jawal, which offers a range of mobile services, including Family Al Jawal, Sawa, messaging services, business services, data services and roaming services; Saudi Net, an Internet provider, STC Online for electronic bills payment services and Saudi Data, a provider of data solutions.


First pilgrims leave under Eyab initiative

Updated 18 August 2019

First pilgrims leave under Eyab initiative

  • Al-Amoudi toured the exhibition dedicated to welcome Eyab’s beneficiaries

Saudi Minister of Transport and Chairman of the General Authority of Civil Aviation (GACA), Dr. Nabeel Al-Amoudi, oversaw the departure of the first 

group of pilgrims under the Eyab initiative on Saturday together with GACA President Abdulhadi bin Ahmed Al-Mansouri.

Eyab seeks to improve services provided to pilgrims, with the authority aiming to enrich pilgrims’ experience at the Kingdom’s airports. It is expected to benefit 30,000 pilgrims during this year’s Hajj season.

Al-Amoudi toured the exhibition dedicated to welcome Eyab’s beneficiaries, inspected the services available and received a briefing from the initiative’s officials.

GACA started an experimental implementation of Eyab this year, aimed at pilgrims returning to Indonesia, India and Malaysia through Jeddah’s King Abdul Aziz International Airport and Madinah’s Prince Mohammed bin Abdul Aziz Airport.