Bahraini incumbent Batelco has announced plans to promote deputy chairman Shaikh Mohamed bin Isa Al Khalifa to Group CEO on 1 October.
Al Khalifa will replace Peter Kaliaropoulos, who has been appointed to Batelco’s new role of CEO of strategic…
Bahraini incumbent Batelco has announced plans to promote deputy chairman Shaikh Mohamed bin Isa Al Khalifa to Group CEO on 1 October.
Al Khalifa will replace Peter Kaliaropoulos, who has been appointed to Batelco’s new role of CEO of strategic assignments, responsible for the group’s joint ventures.
Murad Ali Murad, a Batelco board director, will take over the position of deputy chairman.
Al Khalifa stated: “I feel very honoured by the Board’s decision to appoint me to lead Batelcos growth and evolution during a turbulent time in the information and communications industry in Bahrain and abroad.
“Our customers demand innovation through the latest technology, great value and customised attention. As we expand, retention of our customers loyalty is most critical to our success. I am extremely keen to participate in and lead Batelcos transformation into an even more important Bahraini company across the region.”
Batelco and local investment group Kingdom Holding are reportedly on the verge of completing due diligence over their US$950m proposed acquisition of Kuwait-based mobile operator Zain’s 25% stake in cellco Zain Saudi.
Citi is advising Batelco, while Credit Agricole is advising Zain and RBS is advising Kingdom.
Â
