Saudi Mobile Telecommunications Company (Zain Saudi Arabia), listed on the Saudi Stock Exchange, announced the decision of its Board of Directors to appoint Mr. Atef bin Saeed Al-Siyabi as a non-executive member to the vacant seat on the Board, in a move aimed at strengthening the company’s leadership competencies and supporting its strategic directions in the telecommunications and information technology sector.
Leadership experience and a proven track record
In an official statement published on the Saudi Stock Exchange (Tadawul) website, the company explained that Al-Sayabi has a distinguished career spanning over 17 years, during which he accumulated valuable expertise in information technology, business development, and technology investment. Al-Sayabi is known as a leading figure who has spearheaded innovative digital solutions, directly contributing to the transformation of business operations and driving technological advancement within the organizations he has worked for.
Al-Siyabi currently serves as the Director of Information Management at the State General Reserve Fund (SGRF) in the Sultanate of Oman, reflecting the high level of confidence in his managerial and technical capabilities. He has also played a pivotal role in developing comprehensive strategic frameworks for implementing major national projects in the Sultanate's telecommunications and information technology sector, making him a valuable addition to the board of directors of Zain Saudi Arabia.
Scientific and academic qualifications
Academically, Atef Al-Siyabi holds a Bachelor of Science degree in Computer Engineering and Network Technology with honors from the prestigious Coventry University. To further enhance his leadership skills, he obtained a specialized certificate in Professional Leadership Development from HEC Paris, combining in-depth technical expertise with modern management thinking.
The context of the appointment and its strategic importance
This appointment comes at a time when the telecommunications sector in Saudi Arabia is undergoing radical transformations in line with the Kingdom's Vision 2030, which places a strong emphasis on the digital economy and technological transformation. Zain Saudi Arabia is working to expand its digital services and invest in 5G technologies and fintech solutions. Therefore, the addition of an expert of Al-Sayabi's caliber, with his background in technology investment and information systems, is expected to help steer the company towards new and innovative growth opportunities.
This appointment also reflects the depth of economic relations and exchange of expertise between the Kingdom of Saudi Arabia and the Sultanate of Oman, especially in light of the growing cooperation between investment funds and major institutions in the two brotherly countries.
Regulatory procedures and governance
In closing its statement, Zain Saudi Arabia noted its commitment to the governance standards followed in the Saudi financial market, pointing out that the Board of Directors’ approval of this appointment is not final, as the decision will be presented to the company’s shareholders at its next general meeting for voting and official approval, in accordance with the applicable regulations and bylaws.
