Saudi Telecom Co. has appointed the company's chairman as acting chief executive, Abdulaziz Al-Sugair will take the helm following the imminent departure of CEO Khaled Al-Ghoneim. Al-Ghaneim resigned on March 17, 2013.

Al-Sugair and Al-Ghaneim were both appointed in June 2012 and the latter had quit over differences on how to make STC more efficient.