Page 62 - SAMENA Trends - March-April 2022

REGIONAL & MEMBERS UPDATES SAMENA TRENDS

stc Wins “Best M2M Technology Solutions Provider – Kuwait 2021”
and “Best Corporate Governance Telecom Company – Kuwait 2021”

International Finance Awards

best practices while protecting the interests of all stakeholders
including investors, employees, suppliers, customers, government
entities and the local community." Alharbi added, “As for our
valued customers, whether individuals or corporates, our focus
as a pioneering telecom and digital solutions provider is to offer
a diverse range of innovative products and services with a focus
on the digital as well as advanced integrated communications
information solutions and advanced technical solutions services.
Through our specialized business arm, solutions by stc, we have
introduced a variety of flexible, automated, and reliable solutions
that can aid in accelerating the digital transformation strategies
of businesses through new-to-market applications. In this regard,
the digital transformation strategy that was developed and
implemented by stc over the past few years has also been a key
success factor that helped the company in its many contributions
to the local economy, government initiatives and the growing
demand for digital solutions and information technology” In
appreciation of receiving the awards, Alharbi said, “We are proud
to receive these awards from IF which recognize stc’s leading
position in the market and identifies the various areas of growth
the Company has focused on in the recent term driven by its
corporate strategy. On behalf of stc, I would like to thank all those
Kuwait Telecommunications Company – stc, a world-class digital who played a role in implementing the Company’s strategy that
leader providing innovative services and platforms to customers, resulted in achieving these awards despite the difficult times we
enabling the digital transformation in Kuwait, has been awarded faced due to the COVID-19 crisis. I would like to also shed light
the “Best M2M Technology Solutions Provider – Kuwait 2021” and on the outstanding teamwork and dedication of the stc family
“Best Corporate Governance Telecom Company – Kuwait 2021” who played the bigger role in having stc awarded from IFM. I
from International Finance (“IF”), a renowned financial publication would also like to thank the IF team for their diligent assessment
that recognizes industry talents, leaderships skills, industry net process and cooperation.” In its statement, stc highlighted that
worth and capability on an international platform. The award the corporate governance award recognizes the standards and
was presented to stc during the International Finance Awards commitment it continuously upholds to provide stakeholders
ceremony held in Dubai, UAE on March 24th, 2022. After careful with the highest degrees of transparency, accountability, and
consideration and an extensive review performed by IF’s qualified competence. Through an established mechanism of procedures
research team, stc emerged as the winner of the two awards and policies, stc has shaped its culture to promote integrity and
declared on the strength of the applications submitted by stc and a robust framework applicable across all levels, reinforcing its
its business arm solutions by stc teams, as well as each team’s past foundation for sustainable success. This in return has aided the
accomplishments. During the ceremony in Dubai, Danah AlJasem Company in fostering a wholly supportive corporate culture that
– General Manager of Corporate Communications at stc received addresses the needs, aspirations, and hopes of stakeholders as
on behalf of the Company the “Best M2M Technology Solutions expressed in stc’s various policy statements, while exceeding the
Provider – Kuwait 2021”, and the “Best Corporate Governance requirements set by regulators. In terms of the M2M technology
Telecom Company – Kuwait 2021” awards on behalf of stc. award, solutions by stc mentioned that it currently provides one
Commenting on the awards, stc CEO, engineer Maziad Alharbi said of the most advanced 5G and 4G M2M connectivity solutions in
“2021 was an exceptional year across all the standards due to the the market through stc. This has allowed machines to exchange
company’s refreshed strategy and the dedication of its employees data without human interface, in return redefining traditional
to deliver their best in order to achieve company’s desired goals and outdated business processes. These solutions ease the
and meet the individuals and enterprise customers’ needs, as communication channels between machines using sensors,
well as creating an added value and achieve better returns for its opening the possibility for systems to monitor themselves and
shareholders. He added “Our success would also not have been automatically responding to changes within the environment.
achieved without the ongoing support of our various stakeholders. Through various regional and international partnerships,
Therefore, we placed great consideration in developing and solutions by stc also provided a variety of traditional applications
evolving a corporate governance framework that enables stc to ranging from POS, ATM, up to innovative CCTV, connected cars,
demonstrate its level of innovation, efficiency, and ability to adopt fleet management and surveillance solutions among others.

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