Alwetaid assumed his current position in 2021. In Q1 2026, stc group reported $5.3 billion in revenues and $44.3 billion in total assets. In 2026, the group issued $2 billion in US dollar-denominated sukuk across two tranches. It also secured a project award from the Syrian Sovereign Fund to develop the Silklink telecommunications infrastructure project in Syria, with an investment of $800 million and stc holding a 75% stake. Alwetaid also chairs SAMENA Telecommunications Council.