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Doany Concludes His Role at the Helm of Oger Telecom


June 24, 2011 - Dubai, United Arab Emirates

Mr. Mohammed Hariri, Chairman of Oger Telecom Limited (“Oger Telecom” or “the Company”) announced that Dr. Paul Doany has resigned as CEO of Oger Telecom.

Dr Doany joined the Oger Group in 1998 and, was nominated General Manager of Oger Telecom in 2002, when it was a division of Saudi Oger. He was appointed CEO of Oger Telecom Limited (OTL), which was incorporated as a separate DIFC based entity in 2005. He also served simultaneously as Turk Telekom CEO since its privatisation in 2005, until August 2010, after which he resumed his OTL CEO position. He also served on all subsidiary boards of the group.

Speaking on behalf of the Board of Directors, Mr. Hariri said, "During Dr Doany's tenure with Oger Telecom, we achieved remarkable milestones. He led our subsidiaries, from acquisition, operational build out, to successful transformation, as needed for the various stages of their development, handing over to other CEOs at the opportune time.

He assembled a first-rate management team to lead the Company into the future. We appreciate his dedicated service and wish him well with his new diversification plans."

Dr Doany stated, "I have had a most exciting and rewarding time with the Oger Group, and with OTL. We set out with overly ambitious plans, and at all times we had the full unwavering support of the shareholders, especially our Chairman Mr. Mohammed Hariri. I would also like to thank Mr. Saud Al Daweesh, STC CEO, for his support as Vice Chairman of Oger Telecom, since STC's participation in OTL in 2008.

This was a 12 year journey with Oger that I will cherish forever. I am confident that the team we have built will take OTL forward in the years to come."

On his new plans, Doany said, "I have reached a point in my life where I would like to focus on diversified investments in internet and IT/software companies (including social networking, e-commerce and the financial sector). In addition, I will be expanding into renewable energy, focusing on geothermal power generation and also enhancements technologies".

In the interim, Mr. Mohammed Hariri will be overseeing the management and operations of OTL assisted by the Senior Management of OTL until a replacement is appointment.

About Oger Telecom Ltd:

Headquartered in the DIFC (Dubai International Financial Center) Dubai, UAE, Oger Telecom is one of the region’s leading Full Services telecommunication conglomerates. Oger Telecom operates in the Kingdom of Saudi Arabia, Lebanon, Jordan, South Africa and Turkey. Oger Telecom positions itself in these key strategic markets as the leading Full Services operator in telecommunications and converged technologies.

Oger Telecom’s shareholders encompass a rich tradition of wealth creation, credibility and full transparency. From these same traditions and corporate cultures, Oger Telecom is growing in every way. With approximately 42 million subscribers under management, Oger Telecom is ambitious to expand its communication network.

CONTACTS : Oger Telecom Limited Joe Haj Ali Tel. +971-(0)-50-4-428-4284 or Buchanan Communications Tim Anderson James Strong Tel. +44-(0)-20-7466-5000

Source: Business Wire India

BusinessWireIndia

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