Abu Dhabi, July 12, 2015

Etisalat Group, the leading telecommunications operator in Middle East, Africa and Asia, today announced the appointment of Mr. Ahmad Farroukh as the new Chief Executive Officer for Mobily, an Etisalat Group affiliate in Saudi Arabia.

Mr. Farroukh brings over thirty years international business experience across Middle East, Africa, North America and Europe to his new role at Mobily. Most recently he was CEO of MTN South Africa and Nigeria. Prior to that appointment he was MTN Group Chief Operating Executive responsible for covering its operations.

Mr. Farroukh began his career in 1983 as the Finance Manager for Mediterranean Investor Group. By the early 1990s he focused on audit roles, first as an Audit Supervisor for KPMG, New York and then for Deloitte Touché, Saudi Arabia, before, in 1996, joining Investcom Holding Group as its Group Finance Controller.

He then moved to Africa joining Scancom (Investcom Holding Group) in Ghana as Managing Director and Regional Manager for its West Africa operations. Following Investcom's acquisition by MTN Group, he was appointed as CEO MTN Nigeria, which, under his leadership, grew to 40 million subscribers with EBIDTA margins of 62%.  This success propelled him to the role of Vice President West and Central Africa and later Group COO at MTN.  In 2014 he was appointed as CEO for MTN South Africa. 

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About Etisalat Group:
Etisalat, the leading emerging markets telecom group, is headquartered in Abu Dhabi. Since its inception almost four decades ago, Etisalat has been introducing innovative connectivity solutions for its customers across the Middle East, Asia and Africa. These cutting-edge solutions have given Etisalat the ability to expand its subscriber base to more than 173 million in the 19 international markets it operates in. Etisalat's market cap is 96.8 billion AED, equaling 26.4 billion USD.

For more information, please contact:
Etisalat Media Desk
T: +9712 618 2877
www.etisalat.com

© Press Release 2015