8. Olayan Alwetaid

Designation: Group CEO
Company: stc Group
Country: Saudi Arabia
Nationality: Saudi
Sector: Telecommunications

Alwetaid became the group CEO at stc in 2021. In October 2023, stc Group signed an MoU with Korean digital transformation company KT and Hyundai E&C to help enhance Saudi Arabia’s digital infrastructure over the next 50 years. In the same month, the group’s subsidiary, Saudi Cloud Computing Company, formed a partnership with SAP to host SAP’s data centers locally to augment country-wide data security. In H1 2023, stc recorded a net profit of $1.6 billion, a 2.4% increase compared to the same period of 2022. Alwetaid was previously the CEO of stc Bahrain.