Zain KSA Board of Directors appoints Eng. Farhan Al Faisal as new Chairman
Zain Saudi Arabia Board of Directors announces the appointment of Eng. Farhan Bin Naif Al Faisal Al Jarbaa as Chairman of the company, replacing Mr. Fahad Ibrahim Al Dughaither who resigned from the position for personal reasons, but will still hold a membership in the Board of Directors. This was announced following a meeting of the Board on Monday, 10 March, 2014.
Board members expressed their gratitude to Mr. Al Dughaither for his efforts in supporting the company’s executive management, that included reinforcing the financial structure of the company by successfully refinancing the Murabaha Facility Arrangement at a lower interest rate and a longer term tenure, in addition to entering into an agreement with the Ministry of Finance that entitles Zain KSA Company to a seven year deferment of dues payable to the Government.
Mr. Al Dughaither was elected Chairman of Zain KSA during an Ordinary General Assembly Meeting held in March 2013.
Eng. Farhan Bin Naif Faisal Al Jarbaa is one of the prominent leading figures in telecommunications in Saudi Arabia, due to founding several telecommunication companies in the Kingdom, in addition to his extensive expertise and experience of over 34 years in the field.