Page 31 - SAMENA Trends - July-September 2024

REGIONAL & MEMBERS UPDATES SAMENA TRENDS

Zain Awarded ‘Best Corporate Governance in Kuwait’ Accolade from World
Finance for Milestone Fourth Consecutive Year

Zain, a leading provider of innovative
technologies and digital lifestyle
communications operating in eight markets
across the Middle East and Africa, has been
awarded World Finance’s ‘Best Corporate
Governance Award 2024 for Kuwait’, for a
milestone fourth consecutive year. London-
based World Finance is a reputable print and
online magazine providing comprehensive
coverage and analysis of the financial
industry, international business, and the
global economy. Corporate Governance
is becoming an increasingly important
differentiator for organizations, particularly
those such as Zain, which are listed on
public bourses, with respect to giving all
stakeholders confidence that the company
is being run in a compliant and transparent
manner. As such, Zain’s Investor Relations
and Corporate Governance Framework is
a cornerstone of the company’s regional
appeal, and has attracted ongoing praise
and admiration from shareholders, industry
analysts, and regulatory authorities. As a
leading entity listed on the Premier Market,
Zain abides fully to market regulations
issued by all financial regulatory bodies in
Kuwait and across our footprint, including
the Ministry of Commerce and Industry,
the Capital Markets Authority (CMA), and
Boursa Kuwait as well as other regulatory
bodies where Zain is listed. Bader Al-
Kharafi, Zain Vice-Chairman and Group
CEO said, “Zain believes sound corporate
governance plays a significant role in
providing long-term sustainable value to
all stakeholders. This milestone fourth
consecutive recognition justly rewards compliance. This governance structure policies and procedures are flexible, and
our Investor Relations, Sustainability and has helped Zain to win the confidence of take into account both short- and long-term
Corporate Governance team’s consistent the market and attract global investors. challenges and risks. Notably, both Zain’s
high ethical standards, professionalism and Furthermore, Zain’s Investor Relations, Annual Report as well as its Sustainability
diligence.” Zain’s Corporate Governance Sustainability, and Corporate Governance Report demonstrate the company’s efforts
framework helps it mitigate risks and departments are committed to raising to provide Meaningful Connectivity leading
facilitates an effective Board oversight awareness on issues related to the to equitable systemic change, as well
over the company’s executive management environment, social, and governance as highlighting how Zain is placing ESG
by monitoring the implementation of (ESG) matters in response to global trends activities and sustainable growth at the
policies when running daily operations. and best practices. Accordingly, Zain has forefront of its activities, believing in the
Corporate Governance promotes strong developed new policies and is working nurturing of positive relationships among
internal controls to improve integrity of to increase transparency in addition to all stakeholders.
financials and establishes a culture of focusing on social responsibility. Such

31 JULY-SEPTEMBER 2024