Gulf Capital has acquired a strategic stake in Geidea Solutions, a provider of electronic payment solutions and financial technologies in Saudi Arabia, for a total transaction value exceeding $267 million.
Al Yah Satellite Communication Company (Yahsat), a UAE-based satellite operator, has agreed to acquire a majority stake in the mobile satellite services operator Thuraya Telecommunications Company.
Microsoft has announced the appointment of former Oracle executive Thamer Alharbi as President of Microsoft Arabia in Saudi Arabia.
Karim Sabbagh, former President and CEO of communications satellite owner and operator, SES, has joined DarkMatter, an integrated digital defense and cyber security firm based in Abu Dhabi, as Chief Executive Officer.
Batelco Group has announced the appointment of Mohamed Bubshait, former Director General of the TRA, as Batelco Bahrain’s new Chief Executive Officer.
Omantel has unveiled its largest overseas investment to date, with a USD 846 million deal to acquire about 10% of telecommunications group Zain.
Cisco has announced the appointment of David Meads as Vice President for its Middle East and Africa operations — a newly created role.
Cisco has announced the appointment of Eng. Haytham AlOhali as Managing Director for Cisco Saudi Arabia, succeeding Eng. Abdullah Alswaha.
Microsoft has announced the appointment of Sayed Hashish as the Regional General Manager for Microsoft Gulf.