Saad Nasir appointed General Manager of Fastlink

The new company head, Saad Nasir, will assume his duties at the beginning of May.

MTC Group CEO Saad Al-Barrak said the move came as part of a reshuffle affecting the company offices in Bahrain, Kuwait, Lebanon, Sudan in addition to Jordan, and aims to implement the Group's expansion strategy and objectives.

During a meeting with Fastlink heads of departments and attended by Haytham Al-Khaled, the Group's Chief of Operations, Dr. Barrak praised the company's distinguished performance during the past years and commended the status it enjoys today. He also expressed appreciation of the staff's efforts, saying their experiences could enrich other companies operating within the Group.

Barrak said MTC has achieved substantial financial results and registered high growth on all indexes during the early months of 2006, with profits expected to reach close to $one billion. The Group has also succeeded in increasing its agents-base by 340% this year, in comparison to 2004. Working agents today exceed 20 million across the Middle East and North Africa Region.

During the past years, the Group expanded its operations to 19 countries in different parts of the world and has become a model and a success story of an Arab company that was able to expand internationally. Relying on a large customer base and a track record of successes, the Group intends to continue its expansion strategy until it reaches its targets and achieves its objectives, according to Barrak, whether through buy offs, acquisitions, new partnerships or new licenses. He pledged to keep on utilizing available opportunities and to increase investors' dividends.

Fastlink newly appointed General Manager said he was proud to work alongside a distinguished team, and said efforts from now on will be geared towards maintaining the excellent status the company has achieved over the years and further build on its past successes.

Nasir has an extensive experience and vast knowledge of the Telecommunications sector, spanning 25 years. He also has a good knowledge of the Jordanian market, where he worked during the years 1991-1993.

In 1997, Nasir was Assistant General Manager and Regional Director for Saudi Arabia and Jordan at International Turnkey Systems (ITS). Prior to working with ITS, he worked with Westinghouse Security Electronics in Canada and Zed Data Systems as Regional Manager for Quebec and Ontario. Nasser joined MTC in 2004, and held the position of Chief Commercial Officer at MTC Touch, Lebanon, having served as First Advisor to the work team in Kuwait, during which time he took part in the preparation of the second GSM license for Saudi Arabia.

Nasser has an MBA from Bradford University, UK and a Bachelors degree in Computer Engineering from Coventry University, also in the UK, 1980. He is married and has three sons and two daughters.