Zain named ‘Best Telecom’ and ‘Best Corporate Governance’ company in Kuwait by International Finance Magazine

Zain Group, a leading provider of innovative technologies and digital lifestyle communications operating in eight markets across the Middle East and Africa, announces that in recognition of its excellence and market leadership in Kuwait and across the region, the company was presented with two prestigious honors during the 11th annual Excellence Awards ceremony hosted by UK-based business magazine International Finance in Dubai, UAE. Zain was named ‘Best Telecom Company’ in Kuwait for a fifth time, as well as ‘Best Corporate Governance Telecom Company’ in Kuwait for 2023. Zain Kuwait’s Chief Corporate Affairs and Relations Officer Waleed Al Khashti was presented with both accolades during the event.

Zain Kuwait’s naming as ‘Best Telecom Company’ adds to a list of other prestigious recognitions the company has received recently, which serve as a testament to the leadership position it enjoys domestically. The awards shed more light on Zain’s outstanding success, digital innovation, and relentless pursuit of excellence to serve the nation’s biggest customer base.

Zain Group’s recognition as the ‘Best Corporate Governance Telecom Company’ reflects how seriously the company takes this area of its operations. Zain Group’s Investor Relations and Corporate Governance framework is a cornerstone of its regional appeal and has attracted ongoing praise and admiration as its exemplary operation provides stakeholders, including shareholders, industry analysts, and regulatory authorities with the utmost confidence of the company’s state of being.

These awards reflect the strong operational and commercial leadership positions Zain enjoys locally and regionally, further highlighting its excellence in offering best-in-class digital solutions and innovative services to corporate customers and consumers alike. It also sheds light on the company’s excellence across other indicators including customer base, revenue, market share, investment in 5G infrastructure, and compliance with the best global practices and quality standards.

Zain’s Corporate Governance framework helps the company to mitigate risks and facilitates an effective Board oversight over the company’s executive management by monitoring the implementation of policies on a daily basis. Corporate Governance promotes strong internal controls to improve integrity of financials and establishes a culture of compliance. This governance structure has helped Zain to win the confidence of the market and attract global investors.

Zain Group’s Investor Relations, Sustainability and Corporate Governance departments are committed to raising awareness on issues related to the environment, social, and governance (ESG) matters in response to global trends and best practices. Accordingly, Zain has developed new policies and is working to increase transparency in addition to focusing on social responsibility. Such policies and procedures are flexible and consider both short- and long-term challenges and risks.

The International Finance Excellence Awards continues to provide a prominent stage to highlight the region’s best industry players. Zain is honored to be recognized with the two accolades and is especially proud of the recognition of excellence among Kuwaiti companies over the years through this platform.