Page 27 - SAMENA Trends - Jan-Mar 2024

REGIONAL & MEMBERS UPDATES SAMENA TRENDS

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 global investors. Zain Group’s Investor Relations, Sustainability
best-in-class digital solutions and innovative services to corporate and Corporate Governance departments are committed to
customers and consumers alike. It also sheds light on the raising awareness on issues related to the environment, social,
company’s excellence across other indicators including customer and governance (ESG) matters in response to global trends and
base, revenue, market share, investment in 5G infrastructure, and best practices. Accordingly, Zain has developed new policies and
compliance with the best global practices and quality standards. is working to increase transparency in addition to focusing on
Zain’s Corporate Governance framework helps the company social responsibility. Such policies and procedures are flexible
to mitigate risks and facilitates an effective Board oversight and consider both short- and long-term challenges and risks. The
over the company’s executive management by monitoring the International Finance Excellence Awards continues to provide a
implementation of policies on a daily basis. Corporate Governance prominent stage to highlight the region’s best industry players.
promotes strong internal controls to improve integrity of financials Zain is honored to be recognized with the two accolades and is
and establishes a culture of compliance. This governance structure especially proud of the recognition of excellence among Kuwaiti
has helped Zain to win the confidence of the market and attract companies over the years through this platform.

Accenture Ties Up With e&'s Responsible Sourcing

Initiative

Accenture has been selected as the strategic partner for e&'s supply chain. This accelerates e&’s journey to achieve a reduction
responsible sourcing initiative that aims to embed sustainability of emissions for all scopes and aligns with the UAE’s sustainability
into the procurement function and align with its net zero targets goals. Accenture will also work with e& to define the value
and sustainability commitments. Accenture will play a crucial role proposition for investing in responsible sourcing and shape e&’s
in advancing e&'s responsible sourcing strategy by developing a future technology architecture with sustainability embedded at the
three-year roadmap and a robust supplier engagement framework core, not bolted on.
designed to embed sustainability principles across e&'s entire Key milestone

27 JANUARY-MARCH 2024