We would like to invite you to continue a survey you have started. ...

Do you trust your insurer ?

Strongly agree
Strongly disagree
Insurance provides peace of mind
Insurance is purchased only when compulsory
Terms and Conditions (small print) are clear and easily accessible
Insurance jargon (language) stands in the way of fully understanding each policy
Insurance companies try their best to uphold the details of the policy without cutting corners
Reducing risk, cutting costs and profits are more important to an insurance company than the customer
Insurance companies in the region are as professional as in other more developed markets
Age group
Do you feel your insurance provider works in your interest?
Have you had a rejected claim that you feel was not justified?
Do you trust your insurance provider?
Our Network

Register for our free newsletter

Latest News

Saudi Telecom Chief Executive Resigns – Sources

Saudi Telecom Chief Executive Resigns – Sources

The chief executive of Saudi Telecom Co (STC), Saud al-Daweesh, has resigned, two company sources said on Monday, without giving a reason for his departure.


April 2, 2012 5:11 by

In January the former monopoly reported a 19 percent drop in net profits to 7.67 billion riyals ($2.1 billion).

Daweesh was appointed chief executive in 2009, seven years after the company floated 30 percent of its shares on the local stock market.

STC, which remains majority government-owned nearly a decade after its partial privatisation, has operations across the Muslim world from Turkey to Indonesia.

In recent months the company has been credited with arresting a decline in its financial performance based on rising domestic revenue which was buoyed by aggressively priced broadband bundles.

However, it has struggled to grow its foreign operations as rapidly as it had planned, with revenue outside the kingdom accounting for 32 percent of the group total – well short of its 50 percent target.

STC’s shares were trading down 0.2 percent on Monday at 41.20 riyals a share.  (Reporting By Ibrahim al-Mutawa and Angus McDowall in Riyadh and Matt Smith in Dubai; Editing by Amran Abocar and Greg Mahlich)


Tags: , , , ,

Leave a Comment