Saudi’s Mobily names former MTN exec Farroukh as CEO effective July 12

Dubai: Etihad Etisalat (Mobily), Saudi Arabia’s number two telecommunications operator, has named Ahmad Farroukh as its new chief executive effective from Sunday, it said in a statement. Farroukh was previously head of MTN Group’s South African business, but resigned last week due to personal and family reasons. Farroukh would leave by the end of July, MTN said, at a time when MTN staff in the country have been striking for nearly two months for higher pay. The operator removed previous CEO Khalid Al Kaf in February, who had been suspended since November when the company first revealed significant accounting issues.