Saudi Telecom Appoints New CEO

Saudi Telecom Company (STC) has named Olayan Mohammed al-Wetaid as the new group CEO.
Saudi Telecom Company (STC) has named Olayan Mohammed al-Wetaid as the new group CEO.
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Saudi Telecom Appoints New CEO

Saudi Telecom Company (STC) has named Olayan Mohammed al-Wetaid as the new group CEO.
Saudi Telecom Company (STC) has named Olayan Mohammed al-Wetaid as the new group CEO.

Saudi Telecom Company (STC) has named Olayan Mohammed al-Wetaid as the new group CEO, following Nasser al-Nasser who resigned in November citing personal reasons.

Wetaid will start in his new position on March 28, the company said in a statement to Tadawul.

It said that Wetaid has more than 20 years’ experience in the industry and worked at Saudi Aramco before joining STC.

He holds various positions and is currently the senior VP of the consumer unit at STC and was previously CEO of STC Bahrain.

He also heads several STC subsidiaries, such as Channels, Intigral Middle East, and Contact Center Company CCC), and is a board member and deputy chairman of STC Pay. He also chairs several committees of the boards of directors of the group's subsidiaries.

Wetaid holds a bachelor's in electrical engineering from King Fahd University of Petroleum and Minerals (KFUPM) and has many certifications in the field of ICT, leadership, and strategic planning.

Saudi Telecom Company, the third-largest company listed in the Saudi market, recorded a slight increase in profits to $2.240 billion by the end of the first nine months of last year, compared to $2.225 billion achieved during the same period of 2019.



Saudi Tourism Forum 2025 Kicks Off in Riyadh with Over 100 Participants

The Saudi Tourism Forum 2025 kicked off on Tuesday in Riyadh. (Asharq Al-Awsat)
The Saudi Tourism Forum 2025 kicked off on Tuesday in Riyadh. (Asharq Al-Awsat)
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Saudi Tourism Forum 2025 Kicks Off in Riyadh with Over 100 Participants

The Saudi Tourism Forum 2025 kicked off on Tuesday in Riyadh. (Asharq Al-Awsat)
The Saudi Tourism Forum 2025 kicked off on Tuesday in Riyadh. (Asharq Al-Awsat)

Riyadh is hosting the third edition of the Saudi Tourism Forum 2025, featuring participation from over 100 organizations. The forum provides a comprehensive platform to showcase the latest advancements in the tourism sector, highlight investment opportunities, develop skills, and establish new partnerships to accelerate tourism growth in the Kingdom.

Taking place from January 7 to 9, the event is organized in collaboration with the Ministry of Tourism, the Saudi Tourism Authority, and the Tourism Development Fund.

Mohammed Basrawi, Chief Domestic Tourism Officer at the Saudi Tourism Authority, emphasized in his opening remarks the sector’s continuous growth and record-breaking achievements, driven by innovative products and services.

“In 2023, we celebrated welcoming 100 million visitors to the Kingdom, a milestone that reflects the ambitions of Vision 2030 and the support of our wise leadership,” he said.

Basrawi highlighted the success of the previous forum, which attracted over 28,000 visitors from 100 entities, facilitated the signing of 62 agreements, including nine with the Saudi Tourism Authority, and led to the launch of more than 20 new initiatives and products.

This year’s forum will feature additional partnerships, commercial opportunities, and international and local promotional campaigns to further establish Saudi Arabia as a leading global tourism destination, he added.

Khalid Al-Shareef, spokesperson for the Tourism Development Fund, shared insights with Asharq Al-Awsat on the forum’s sidelines, stating that the fund is overseeing more than 135 qualified projects across the Kingdom, with a total investment exceeding SAR 40 billion ($10.7 billion). These include the development of over 8,800 hotel rooms in cities such as Abha, Al-Baha, Taif, AlUla, and Madinah, extending tourism projects beyond major hubs like Riyadh, Jeddah, and the Eastern Province.

Al-Shareef identified the Asir region as a key area of focus due to its diverse geography, attracting both domestic and international tourists, particularly in the summer. He noted that the southern region hosts 15 projects worth SAR 2.6 billion and emphasized the importance of sustained support from both the Public Investment Fund and private sector companies.

Since its inception, the forum has achieved significant milestones, spotlighting Saudi Arabia’s rich cultural heritage and unique tourism offerings while advancing the shared vision of developing this vital sector.

The event features a diverse program of seminars and workshops on the latest tourism trends and developments, enabling participants to engage with industry leaders, policymakers, and experts while enhancing the skills of professionals in the sector.