January 9, 2017 / 1:45 PM / in 10 months

Saudi's Mobily appoints new CEO

DUBAI, Jan 9 (Reuters) - Saudi Arabian telecom operator Etihad Etisalat (Mobily) said on Monday it has appointed Ahmed Abdelsalam Abdelrahman to replace its chief executive Ahmad Farroukh.

Mobily’s board accepted the resignation of Farroukh and approved Abdelrahman’s appointment effective Jan. 9, the telco said in a bourse statement.

The appointment follows the Dec. 25 announcement from minority owner United Arab Emirates telecommunications conglomerate Etisalat that its management agreement with Mobily had ended and the two parties were working on a new arrangement. (Reporting by Alexander Cornwell, editing by Louise Heavens)

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