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Olayan bin Mohammed Alwetaid

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Olayan bin Mohammed Alwetaid
عليان محمد الوتيد
CEO of the Saudi Telecom Company
In office
March 28, 2021-present
Personal details
CitizenshipSaudi Arabian
Alma materKing Fahd University of Petroleum and Minerals (BA)

Olayan bin Mohammed Alwetaid (Arabic: عليان محمد الوتيد) is a Saudi business executive and electrical engineer who was appointed as the CEO of stc Group in March 2021.[1]

Education

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Alwetaid received his Bachelor's degree in electrical engineering from King Fahd University of Petroleum and Minerals (KFUPM).[2]

Career

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Alwetaid joined the state-owned petroleum and natural gas company, Aramco at the beginning of his career before joining stc Group where he has held several positions.[3] During his tenure with stc Group, he held the position of CEO of stc Bahrain then was appointed as the Senior Vice President of Consumer Unit of the group.[4]

Alwetaid chairs several boards of directors of stc Group subsidiaries such as Intigral and Contact Center Company (CCC).[4]

Alwetaid is the Chairman of the SAMENA Telecommunications Council,[5] a board member of the GSM Association,[6] and a board member of the King Abdulaziz City for Science and Technology (KACST).[7]

In January 2021, stc Group announced in a statement to Saudi Exchange (Tadawul) appointing Alwetaid as the Group Chief executive officer (GCEO) of stc starting March 28, 2021, succeeding Nasser al-Nasser who resigned in November 2020.[3][8][9]

Through his position as the GCEO, stc Group expanded into several sectors including fintech, the Internet of Things (IoT), cybersecurity, artificial intelligence (AI), and data centers.[6] In September 2023, under his guidance, stc acquired a stake of almost 9.9% in Telefonica Group.[10][11][12]

In 2022, he was ranked 18th among the Top 100 CEOs list in the Middle East by Forbes,[13] and ranked 8th among 2023 Top 100 CEOs list.[14]

References

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  1. ^ ""الاتصالات السعودية" تعين عليان الوتيد رئيساً تنفيذياً". Al Arabiya.
  2. ^ "Olayan Mohammed Al-Wetaid". Arab News. 2022-04-22. Retrieved 2024-10-15.
  3. ^ a b "Saudi Telecom names Olayan Al-Wetaid as new group CEO". Arab News. 2021-01-12. Retrieved 2024-10-15.
  4. ^ a b "Saudi Telecom Appoints New CEO". english.aawsat.com. Retrieved 2024-10-15.
  5. ^ "Board of Directors - SAMENA Telecommunications Council". www.samenacouncil.org. Retrieved 2024-10-15.
  6. ^ a b "Olayan Alwetaid, Saudi Telecom Group CEO".
  7. ^ "مجلس إدارة مدينة الملك عبدالعزيز للعلوم والتقنية".
  8. ^ "تعيين عليان الوتيد رئيساً تنفيذياً لمجموعة الاتصالات السعودية إس تي سي خلفا لناصر الناصر". Arabian Business.
  9. ^ "استقالة ناصر الناصر الرئيس التنفيذي لشركة الاتصالات السعودية". Al Arabiya.
  10. ^ "Spain to defend 'strategic interests' after Saudi telecoms group buys Telefónica stake". Financial Times. Retrieved 2024-10-15.
  11. ^ "stc Group acquires a 9.9% interest in Telefónica". Saudigazette. 2023-09-06. Retrieved 2024-10-15.
  12. ^ "stc Group Acquires a 9.9% Interest in Telefónica". spa.gov.sa. Retrieved 2024-10-15.
  13. ^ Mughal, Waqar. "Olayan M. Alwetaid - Top 100 CEOs In The Middle East 2022". Forbes Lists. Retrieved 2024-10-15.
  14. ^ Mughal, Waqar. "Top CEOs 2023". Forbes Lists. Retrieved 2024-10-15.
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