DOHA: The South Asia, Middle East, North Africa region’s Samena Telecommun-ication Council has announced Dr Nasser Marafih (pictured) as its new chairman.
Dr Nasser, Group Chief Executive Officer of Ooredoo, the leading international communications company, was elected to the position by the Samena Council Board of Directors, which is made-up of operators from the region. He takes on the position from Mohamed bin Isa Al Khalifa, former Group Chief Executive Officer of Bahrain Telecommunications Company.
Dr Nasser brings significant industry experience and a strong track record for contributing to the telecommunication industry’s growth and development. From his first days at what was formerly known as Qatar Telecom back in 1992, he has pushed the company to improve at home and expand overseas, drive profitable growth and ensure that the benefits of communication technology are shared across all the communities the company serves.
Bocar A BA, Samena Council’s Chief Executive Officer, said, “Dr Marafih’s appointment as our chairman comes at a time when the regional telecommunications industry is witnessing unprecedented growth and development, and as the representative telecommunications association for region, the Samena Council stands to benefit from his vast experience and expertise.
Dr Nasser said: “The Council will continue to provide a strong, unified voice in our discussions with governments and regulators, as we all work together to deliver the best possible level of service for the people of this region.”
Al Khaliji sets initial price guidance on bond
DUBAI: Qatar’s Al Khaliji Commercial Bank set initial price guidance for its debut bond offering, which will price later this week, a document from lead managers said yesterday.
The dollar-denominated deal is currently earmarked to price in the area of 195 basis points over midswaps, the document said, adding the size of the deal had yet to be determined.
BNP Paribas, HSBC Holdings, the investment banking arm of Qatar National Bank and Standard Chartered are arranging the transaction, which is expected to be rated A- by Fitch Ratings.