Olayan bin Mohammed Alwetaid explained

Olayan bin Mohammed Alwetaid
Native Name:	عليان محمد الوتيد
Native Name Lang:	ar
Citizenship:	Saudi Arabian
Alma Mater:	King Fahd University of Petroleum and Minerals (BA)
Credits:	, which produces label "Notable credit(s)"; or by
Works:	, which produces label "Works"; or by
Label Name:	, which produces label "Label(s)" -->
CEO of the Saudi Telecom Company
Term:	March 28, 2021–present

Olayan bin Mohammed Alwetaid (ar|عليان محمد الوتيد) is a Saudi business executive and electrical engineer who was appointed as the CEO of stc Group in March 2021.^[1]

Education

Alwetaid received his Bachelor's degree in electrical engineering from King Fahd University of Petroleum and Minerals (KFUPM).^[2]

Career

Alwetaid joined the state-owned petroleum and natural gas company, Aramco at the beginning of his career before joining stc Group where he has held several positions.^[3] During his tenure with stc Group, he held the position of CEO of stc Bahrain then was appointed as the Senior Vice President of Consumer Unit of the group.^[4]

Alwetaid chairs several boards of directors of stc Group subsidiaries such as Intigral and Contact Center Company (CCC).

Alwetaid is the Chairman of the SAMENA Telecommunications Council,^[5] a board member of the GSM Association,^[6] and a board member of the King Abdulaziz City for Science and Technology (KACST).^[7]

In January 2021, stc Group announced in a statement to Saudi Exchange (Tadawul) appointing Alwetaid as the Group Chief executive officer (GCEO) of stc starting March 28, 2021, succeeding Nasser al-Nasser who resigned in November 2020.^{[8] [9]}

Through his position as the GCEO, stc Group expanded into several sectors including fintech, the Internet of Things (IoT), cybersecurity, artificial intelligence (AI), and data centers. In September 2023, under his guidance, stc acquired a stake of almost 9.9% in Telefonica Group.^{[10] [11] [12]}

In 2022, he was ranked 18th among the Top 100 CEOs list in the Middle East by Forbes,^[13] and ranked 8th among 2023 Top 100 CEOs list.^[14]

Notes and References

1. News: "الاتصالات السعودية" تعين عليان الوتيد رئيساً تنفيذياً . Al Arabiya.
2. Web site: 2022-04-22 . Olayan Mohammed Al-Wetaid . 2024-10-15 . Arab News . en.
3. Web site: 2021-01-12 . Saudi Telecom names Olayan Al-Wetaid as new group CEO . 2024-10-15 . Arab News . en.
4. Web site: Saudi Telecom Appoints New CEO . 2024-10-15 . english.aawsat.com . en.
5. Web site: Board of Directors - SAMENA Telecommunications Council . 2024-10-15 . www.samenacouncil.org.
6. Web site: Olayan Alwetaid, Saudi Telecom Group CEO .
7. Web site: مجلس إدارة مدينة الملك عبدالعزيز للعلوم والتقنية .
8. News: تعيين عليان الوتيد رئيساً تنفيذياً لمجموعة الاتصالات السعودية إس تي سي خلفا لناصر الناصر . Arabian Business.
9. News: استقالة ناصر الناصر الرئيس التنفيذي لشركة الاتصالات السعودية . Al Arabiya.
10. Web site: Spain to defend ‘strategic interests’ after Saudi telecoms group buys Telefónica stake . 2024-10-15 . Financial Times.
11. Web site: 2023-09-06 . stc Group acquires a 9.9% interest in Telefónica . 2024-10-15 . Saudigazette . English.
12. Web site: stc Group Acquires a 9.9% Interest in Telefónica . 2024-10-15 . spa.gov.sa .
13. Web site: Mughal . Waqar . Olayan M. Alwetaid - Top 100 CEOs In The Middle East 2022 . 2024-10-15 . Forbes Lists . en-US.
14. Web site: Mughal . Waqar . Top CEOs 2023 . 2024-10-15 . Forbes Lists . en-US.