Badr Al-Kharafi resigns from the position of CEO of Kuwaiti “Zain” in the first quarter of 2027

Kuwait Mobile Telecommunications Company “Zain” announced that the Group’s CEO, Badr Nasser Al-Kharafi, has submitted his resignation from his position, effective during the first quarter of 2027, after announcing the annual financial results for the year 2026, and completing the requirements for closing the fiscal year.

The company said, in a disclosure to the Kuwait Stock Exchange, that the Board of Directors began at the beginning of the year implementing the leadership succession plan approved by the group, and initiated the procedures for selecting the new CEO, which reached its final stages after completing a number of steps and procedures, with the decision to be announced after the necessary requirements are met.

She added that Al-Kharafi will continue his duties and powers as Group CEO until the effective date of the resignation. He will also participate in completing the final stages of selecting the new CEO and supervising the handover of executive responsibilities to him, ensuring a smooth transition and business continuity.

Zain explained that Al-Kharafi will continue to perform his role as Vice Chairman of the Board of Directors after the end of his executive duties, allowing the group to benefit from his experience and strategic vision during the next stage.

The decision represents the end of a leadership phase that spanned more than 10 years as CEO. Al-Kharafi assumed leadership of the group in 2016, after joining its board of directors in 2010, bringing his association with the group to 17 years.

The Board of Directors praised its role in leading the transformation and growth phase, enhancing the group’s regional presence and consolidating its position in the Middle East and African markets, in addition to developing its corporate culture, investing in human resources, and preparing future leaders.