Page 60 - SAMENA Trends - June-July 2020
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REGIONAL & MEMBERS UPDATES  SAMENA TRENDS

        digital behavior and empirical survey data,   in the four Southeast Asia** markets with   detailed analysis and profiles of 43 unique
        the study is the result of research carried   insights collected from a sample of 32,245   OTT platforms. The report will be updated
        out between January 20 to April 11, 2020   individuals. The report  also  includes   again in Q3 and Q4 2020.




                                             Yahsat Names Andrew Cole as New Chief Financial
                                             Officer




        Al Yah Satellite  Communications   His  experience  during  his  years  in  record at all finance and operational leadership levels,
        Company   (Yahsat),  the  leading  an  external  advisory  role  includes  and I  am sure he will  bring  great  value to Yahsat.”
        UAE-based  global  satellite  operator,   M&A   and   Financing,   Corporate  Andrew said, “Yahsat is a young, ambitious company
        announced that its Board of Directors   Restructuring,  Commercial  Planning,  that has grown exponentially in a short span of time. I
        has appointed Andrew Cole as Chief   Tax, Treasury, Audit & Accounting as  am delighted to join its dynamic leadership team at a
        Financial Officer (CFO). He will assume   well as Risk Management. Andrew is  most exciting phase, and thank the Board of Directors
        the position from 1 July onwards.   a Fellow of the Institute of Chartered  for  the  confidence  they  have  placed  in  me.  I  look
        Andrew  joins  Yahsat  soon  after  the   Accountants  in England  and Wales  forward to working  with its multicultural  workforce,
        company boosted its leadership with   (ICAEW).  He  has  an  Executive  MBA  and together  we  aim  to  continue  the legacy and
        four  Emirati  executive  appointments   degree from  Ecole Nationale  des  deliver a strong future for the company.”
        to lead its government,  commercial,   Ponts et  Chaussées and a  Post
        operational  and technical  business   Graduate  certificate  in  International
        units. Andrew has 25 years of cross-  Business  from  the  University  of
        sector  experience  in  senior  finance,   Edinburgh.  He  succeeds  the current
        operational and advisory roles. From   CFO,  Balakrishnan  Doraisamy,  who
        2015 to 2019, he  was  the  Group   will be retiring, having served Yahsat
        Financial Controller at SES, a company   for almost 12 years. Balakrishnan will
        with a constellation of Geostationary   continue to be part of the company as
        and Medium Earth  Orbit  Satellites.   Strategic Advisor.  Masood M.  Sharif
        His  primary  functions  covered  Mahmood,  Chief  Executive  Officer
        all aspects  of Finance  including   of Yahsat,  said, “I  am  most happy
        Financial Planning, Governance, Risk   to  welcome  Andrew  into our midst
        (including  satellite insurance)  and   as the  new  CFO of Yahsat.  As we
        Compliance,  Accounting  and Global   continue  to  intensify  our  expansion
        Controlling  operations. He has also   program across the globe,  Andrew’s
        worked for EY  and KPMG  London   wealth  of  experience,  especially  in
        as  an  external  auditor  and  business   the satellite sector, will  be highly
        advisor to many  global enterprises.   beneficial to us. He has an excellent





                                             Zain  KSA,  Mobily  to  Establish  a  Joint  Tower
                                             Company



        Zain KSA has signed  a  non-binding   two companies, merge them into one   and Information  Technology  Commission
        Memorandum  of  Understanding  (MoU)   company  with other  investors  or operate   (CITC).  The  agreement  is  subject  to
        with Etihad Etisalat  (Mobily) for the   them on their behalf. The collaboration aims   regulatory  approvals  and conditions, as
        establishment of a joint committee tasked   to ‘raise  participation in telecom  towers   well as internal approvals.
        with preparing a request for proposal (RFP)   to  achieve  maximum  efficiency’,  under
        to buy the telecoms towers owned by the   the supervision  of the Communications








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