UAE telecom operator du announces CFO resignation

UAE telecoms operator Emirates Integrated Telecommunications Company (EITC) – the parent company of du – announced that its chief financial officer, Amer Kazim, has resigned.

Kazim, who joined the company five years ago, is leaving to take up a position with a Dubai government-owned organisation, a bourse statement said.

He will remain with EITC till the end of the first quarter of 2019 to “ensure a smooth handover of responsibilities and to supervise the full year 2018 financial results”, the statement added.

No details were given about who will replace him.

Mohamed Al Hussaini, chairman, EITC, said: “I would like to thank Amer Kazim for the substantial contribution he has made to the company. Amer has been instrumental in driving an important phase of growth for EITC through proven financial governance capabilities.”

EITC, founded in 2005 as the UAE’s second licensed telecommunications provider, has two brands under its umbrella: du, launched in 2007 and Virgin Mobile, the region’s first digital service launched in September 2017.

Du, Etisalat’s rival, currently has more than 10 million active subscribers and serves over 100,000 businesses in the UAE.

EITC is 39.5 per cent owned by the Emirates Investment Authority, 19.75 per cent by Mubadala Investment Company, 19.5 per cent by Emirates International Telecommunications and the remaining by public shareholders and National organisation.

It is listed on the Dubai Financial Market (DFM) as du.