Etisalat, the UAE's biggest telecoms company, appointed Hatem Dowidar as its new group chief executive, the company said.
In May, Mr Dowidar was appointed as acting group chief executive after Etisalat's long serving chief executive Saleh Al Abdooli stepped down for personal reasons.
Mr Dowidar joined Etisalat in September 2015, having previously worked as Vodafone Group's chief of staff in London. He became chief executive of Etisalat's international business in March 2016.
He initially joined Vodafone Egypt in 1999 as marketing director and became its chief executive in 2009.
"Mr Dowidar has a long track record of achievements in the various leadership positions he held at Vodafone Group and its subsidiaries … he brings 30 years of experience in multinational companies … more than 24 of these within the telecommunications industry," Etisalat said in a statement on the Abu Dhabi Securities Exchange, where its shares trade.
“He has extensive corporate governance experience from his representation as chairman and board member in several corporate boards within and outside the telecommunications industry.”
Mr Dowidar also sits on the boards of Etisalat's subsidiaries in Morocco, Egypt and Pakistan.
Etisalat, which is majority owned by the government, in October reported a 6 per cent year-on-year rise in third quarter net profit to Dh2.4 billion. Meanwhile, revenue rose marginally by 0.5 per cent to reach Dh13bn.
Its subscriber base in the UAE grew to 12.1 million during the period.
Read more from Aya Iskandarani
What drives subscription retailing?
Once the domain of newspaper home deliveries, subscription model retailing has combined with e-commerce to permeate myriad products and services.
The concept has grown tremendously around the world and is forecast to thrive further, according to UnivDatos Market Insights’ report on recent and predicted trends in the sector.
The global subscription e-commerce market was valued at $13.2 billion (Dh48.5bn) in 2018. It is forecast to touch $478.2bn in 2025, and include the entertainment, fitness, food, cosmetics, baby care and fashion sectors.
The report says subscription-based services currently constitute “a small trend within e-commerce”. The US hosts almost 70 per cent of recurring plan firms, including leaders Dollar Shave Club, Hello Fresh and Netflix. Walmart and Sephora are among longer established retailers entering the space.
UnivDatos cites younger and affluent urbanites as prime subscription targets, with women currently the largest share of end-users.
That’s expected to remain unchanged until 2025, when women will represent a $246.6bn market share, owing to increasing numbers of start-ups targeting women.
Personal care and beauty occupy the largest chunk of the worldwide subscription e-commerce market, with changing lifestyles, work schedules, customisation and convenience among the chief future drivers.
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Date started: Okadoc, 2018
Founder/CEO: Fodhil Benturquia
Based: Dubai, UAE
Sector: Healthcare
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