Alwetaid assumed his current role in March 2021. He was previously SVP for stc’s consumer sector and CEO of stc Bahrain. In Q1 2024, the group reported $42.6 billion in assets and $5.1 billion in revenues. In April 2024, stc Group signed a sale and purchase agreement with Saudi’s Public Investment Fund to acquire a 51% stake in TAWAL’s shares. Alwetaid is also the chairman of SAMENA and a board member at GSMA and KACST.