Page 47 - SAMENA Trends - March-April 2023

REGIONAL & MEMBERS UPDATES SAMENA TRENDS

stc Bahrain, the first to launch Enhanced Voice
Service (EVS) with Super HD Voice Quality in

Bahrain

stc Bahrain, the world-class digital enabler,
in partnership with Huawei, has announced
the successful launch of Enhanced Voice
Service (EVS), becoming the first operator
in the Kingdom to offer super HD voice
quality to its customers. EVS is a new voice
feature designed to deliver a superior voice
experience, with higher voice quality and
clarity, and reduced background noise.
"At stc Bahrain, we are committed to
providing our customers with the latest and
most advanced technologies to enhance
their communication experience," said
Ahmed Alsharif, CTDO of stc Bahrain.
"Our successful launch of EVS reflects our
commitment to innovation and our efforts
to provide the best possible service to our
customers." The new EVS technology is
available to all stc Bahrain customers with
compatible devices, without any additional
charges or fees. It is compatible with all 4G
and 5G networks, ensuring that customers
can enjoy the benefits of super HD voice Alsharif. "We believe that this technology launch of EVS marks a significant milestone
quality on all their calls. "With EVS, our will revolutionize the way people for stc Bahrain, reinforcing its position
customers can experience crystal-clear communicate and interact with each other, as a leading provider of innovative and
voice quality and improved call reliability, and we are proud to be the first operator advanced telecommunications services in
even in noisy environments," added Ahmed in the Kingdom to offer this service." The the Kingdom.

Kuwait Telecommunications Company (stc) Holds Its Annual Ordinary
General Assembly Meeting for the Year Ended on 31 December 2022

Kuwait Telecommunications Company including the Board of Directors’ and the of these results, Dr. Mahmoud Ahmed
(stc), a world-class digital leader providing Executive Management’s remuneration and Abdulrahman, stc’s Chairman, stated:
innovative services and platforms benefits report for the year ended on 31 “Kuwait Telecommunications Company
to customers enabling the digital December 2022 besides approving all the (stc) witnessed a number of outstanding
transformation in Kuwait, held its Ordinary other items in the AGM agenda. The AGM achievements during 2022 in terms of
General Assembly (AGM) at the Company’s also approved the Company’s financial expanding the Company’s operating model,
Headquarters – Olympia Mall / West statements and the Board of Directors’ supporting the digital transformation
Office Towers on 21 March 2023, where recommendation to distribute cash strategy and adding value to its shareholders.
the attendance represented 76.227% from dividends of 30 Kuwaiti fils, representing Therefore, stc was keen to capture all the
the total shareholders. The AGM was held 30% of the share’s nominal value for available business opportunities that shall
physically and virtually using the online the year ended 2022, for shareholders support the Company to achieve growth in
platform provided by Kuwait Clearing registered in the Company’s shareholders its operations as well as financial results
Company. The AGM approved the Board register as at the end of the record date in line with the rapid development of the
of Directors’ and Financial Position’s set for it on Thursday corresponding to Telecommunications sector. Whereby, stc
report, the Auditors’ report and the Sharia 06 April 2023. The cash dividends will has been able to sustain its flexibility to drive
Committee’s report for the fiscal year be distributed to the shareholders who further progress and accelerate the digital
ended on 31 December 2022. The AGM are entitled to it at payment date, as of transformation process. The reliance on
also approved the Audit Committee report Tuesday, corresponding to 11 April 2023 stc’s solid infrastructure has been crucial
and the Corporate Governance report Commenting on the announcements in achieving its corporate strategy focused

47 MARCH-APRIL 2023