Sun 26 Sep 2010 07:52 AM
Saad Al Barrak
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Saad Al Barrak

Industry: Technology

Designation: It's been a tough year for Zain KSA CEO Dr Saad Al Barrak.

Country: Saudi Arabia

Occupation: It's been a tough year for Zain KSA CEO Dr Saad Al Barrak.

-$759,382

Zain KSA

Saudi Arabia

It's been a tough year for Zain KSA CEO Dr Saad Al Barrak. The telecoms operator booked a loss of $344m in the first half  - and will be battling to find a swing to profits in the near future. Reflecting KSA's competitive telco environment, Zain KSA is looking at a per person loss of $759,382 for its 453 staff. Still, Zain KSA, which is 25 percent owned by Kuwait's Zain, has no plans to dampen down its ambition. The firm announced it will be spending $1.3bn to bolster its network and ramp up its presence across the kingdom.