Olayan Alwetaid, Group CEO of stc Group, is recognized as one of the top leaders transforming Saudi Arabia’s telecommunications landscape. Since assuming his role in March 2021, Alwetaid has led stc Group to new heights, driving innovation, digitization, and growth. His visionary leadership has positioned stc Group as a regional leader in the telecom sector, making him a standout recipient of FCI’s Top 10 CEO Awards.
Transforming Saudi Telecom with Vision and Strategy
Under Olayan Alwetaid’s leadership, stc Group reported impressive figures in Q1 2024, with $42.6 billion in assets and $5.1 billion in revenues. A key highlight of his tenure is the strategic agreement signed in April 2024 with Saudi Arabia’s Public Investment Fund, enabling stc Group to acquire a 51% stake in TAWAL. This move reinforces stc Group’s commitment to expanding its influence and growing its footprint in the region.
Alwetaid’s deep industry expertise spans over two decades, and his leadership is characterized by a focus on cutting-edge technology, including 5G investments and digitization efforts. His experience in steering stc Group through challenging times, such as the COVID-19 pandemic, has been crucial in maintaining the company’s commercial success and growth trajectory.
Championing Diversity and Innovation
Olayan Alwetaid is a passionate advocate for diversity and inclusion within the workplace. As the head of the stc Women Forum, he champions initiatives that promote gender diversity across the organization. He also serves as chairman of several boards, including SAMENA, Channels, Intigral, and CCC, while holding key roles on other prominent boards like GSMA and KACST.
In addition to his corporate responsibilities, Alwetaid’s commitment to innovation is evident in his leadership of stc Group’s digital transformation. His focus on advancing the company’s 5G investments and monetization efforts has solidified stc’s position as a leader in the region, driving connectivity and digital services that are essential for modern businesses and consumers.
Driving Growth and Connectivity in the Middle East
Olayan Alwetaid’s tenure as Group CEO of stc Group has been marked by a relentless pursuit of growth and excellence. With over 20 years of experience in the telecom, media, and technology sectors, he continues to lead stc Group’s expansion both in Saudi Arabia and beyond. His strategic vision and leadership make him a deserving honoree of FCI’s Top 10 CEO Awards, as he continues to push the boundaries of what is possible in the telecommunications industry.
Alwetaid’s achievements contribute to Saudi Arabia’s Vision 2030 goals, ensuring that stc Group remains at the forefront of the Kingdom’s digital transformation and economic diversification efforts. His dedication to innovation, diversity, and growth sets a benchmark for leadership in the telecom sector, both regionally and globally.
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