Tuesday, Jun 28, 2011
DUBAI (Zawya Dow Jones)--Kuwait's Mobile Telecommunications Co., better known as Zain, said Tuesday its chief operating officer Abdul Malik al-Jaber will leave the company by the end of June after his contract expires.
"Abdul Malek Al Jaber announced today [Tuesday] that he is leaving Zain end of this month after concluding the term of his contract," Zain said in a statement emailed to Zawya Dow Jones.
Al-Jaber also served as Zain Jordan's chief executive.
During his tenure as Zain Group COO, the company was subject to a near $12 billion dollar stake buy bid launched by Abu Dhabi based Emirates Telecommunications Company, or Etisalat.
Zain shares last traded Tuesday flat at KWD1.02 in a slightly negative overall market.
-By Shereen El Gazzar, Dow Jones Newswires, +9714 446 1684 Shereen.elgazzar@dowjones.com
Copyright (c) 2011 Dow Jones & Co.
(END) Dow Jones Newswires
28-06-11 0828GMT
