7020 · 02/02/2025 08:39:36 · Announcement #84997 · View on Saudi Exchange

Etihad Etisalat Co. (Mobily) announces the Board of Directors' approval of the CEO's request not to renew his contract and the appointment of the Company's new CEO

Element ListExplanation
Introduction Etihad Etisalat Co. (Mobily) announces that it has accepted the request from the Company’s CEO Eng. Salman Abdulaziz Al Badran, for non-renewal of his contract, effective from Feb 23, 2025.

Mobily’s Board of Directors extends its sincere gratitude and appreciation for Eng. Al Badran for his leadership and distinguished achievements over the past 6 years. His visionary approach has propelled Mobily to new heights, marked by significant operational growth across all segments, establishing the Company as a leader in customer experience excellence. Under his guidance, Mobily has achieved record financial and operational results, solidifying trust in the Company’s potential. Wishing him continued success.

Also, Etihad Etisalat Co. (Mobily) announces that the Board has decided to appoint Eng. Nezar Banabeela as the CEO of the Company, effective from Feb 24, 2025.

Element ListExplanation
Name of the Resigned Person Salman Abdulaziz Al Badran
Resignation Acceptance Date 2025-01-31 Corresponding to 1446-08-01
Resignation Effective Date 2025-02-23 Corresponding to 1446-08-24
Reasons for Resignation For Personal Reason
Element ListExplanation
Appointment Type Appointment
Name of the Appointed Person Eng. Nezar Banabeela
Date of Board Resolution 2025-01-31 Corresponding to 1446-08-01
Date Work Commencement 2025-02-24 Corresponding to 1446-08-25
Brief Resume Eng. Nezar Banabeela has over 20 years of experience in the communications and information technology sector, where he worked at the Saudi Telecom Company in several positions, including CEO of STC Bahrain. Prior to that, he held the position of President of one of the sectors of the Saudi National Shipping Company. He also previously worked at Etihad Etisalat Company (Mobily) as Executive General Manager, in addition to his previous work at the General Presidency for the Holy & Prophet`s Mosque and one of the companies affiliated with the Saudi Water Authority.

Eng. Nezar holds a bachelor’s degree in Electrical Engineering and Computers from Umm Al-Qura University, and holds many professional certificates from the University of Cambridge and London Business School. He also holds a certificate in the General Management Program from Harvard University.

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