Zain, a leading telecom company in Kuwait, has secured the ‘Best Corporate Governance Award 2024 for Kuwait’ from World Finance for the fourth consecutive year.
World Finance is a renowned London-based magazine that provides in-depth coverage of the financial industry, international business, and the global economy, available in both print and digital formats.
For publicly listed companies like Zain, Corporate Governance is emerging as an important differentiator, with respect to giving all stakeholders confidence that the company is being run in a compliant and transparent manner.
Zain’s dedication to transparent Investor Relations and Corporate Governance has attracted consistent praise and admiration from stakeholders, analysts, and regulators, reinforcing its position as a regional model for corporate excellence.
Zain adheres to market regulations set by all financial regulatory bodies in Kuwait and across its 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 Vice-Chairman and Group CEO – Zain
“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 our Investor Relations, Sustainability and Corporate Governance team’s consistent high ethical standards, professionalism and diligence.”
Zain’s Corporate Governance framework enables the company to reduce risks and allows the board to maintain strong supervision of executive management by monitoring the implementation of policies when running daily operations. With strong internal controls, Corporate Governance aims to promote financial integrity, transparency, and market confidence, making Zain attractive for global investors.
Through its Investor Relations, Sustainability, and Corporate Governance teams, Zain is at the forefront of promoting ESG awareness and excellence, aligning with international trends and standards to cultivate a culture of sustainability, transparency, and responsible business practices. Additionally, Zain is committed to developing new policies and is working to increase transparency.
Notably, both Zain’s Annual Report and its Sustainability Report underscores the company’s dedication to providing Meaningful Connectivity, advancing equitable systemic change, and prioritizing ESG activities and sustainable growth at the forefront of its activities, also demonstrating its belief in the value of nurturing positive relationships with all stakeholders.
