| Saudis are buying and using cellphones in record numbers. |
KHALID AL-MOLHEM, president of Saudi Telecom (STC), has the air of a contented man as he ticks off the past year’s successes, which include a successful privatization of 30% of the company, the completion of his corporate restructuring plans and an expansion of the mobile business that has seen Saudis buying and using cellphones in record numbers.
STC’s share price has more than doubled since its flotation last December.
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