Saad al-Barrak has resigned as telecoms operator Zain Saudi's chief executive, the company said on Tuesday, two weeks after a consortium withdrew plans to buy a 25-percent stake.
Khalid Al-Omar will take over as acting chief executive, pending the appointment of Badr bin Nasser al-Kharafi as permanent CEO if shareholders approve, the company said in a statement to the Saudi bourse.
Barrak was also the former chief executive of Zain and was the architect of Zain's rapid expansion in the previous decade, when Zain claimed to be the fourth largest telecoms carrier globally, with operations in 23 countries.
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