Designation: Group CEO
Ahmad Julfar was given the role of CEO of the UAE’s biggest telecoms company in August 2011. Previously COO and general manager for Dubai operations, and an employee at the firm since 1986, Julfar has played a significant part in Etisalat’s growth over the years.
He holds two degrees, one in civil engineering and one in computer science, both from the Gonzaga University in Washington. State-backed Etisalat, which operates in seventeen countries across the Middle East, Africa and Asia, made a profits of $492.79m in the first quarter, down from the year-earlier period. The former monopoly had reported declining profits in seven of the previous eight quarters. The Abu Dhabi firm’s profits have slid in the last year as rival operator du, which ended Etisalat’s domestic monopoly in 2007, won market share and internet-based phone calls hit the high-margin international calls business.