Zain, a leading provider of innovative technologies and digital communications, has secured the prestigious ‘Best Corporate Governance Award 2024 for Kuwait’ from World Finance, marking a significant fourth consecutive win. World Finance, a renowned print and online magazine, recognized Zain’s commitment to transparency and compliance, which has become a critical differentiator for publicly listed companies like Zain.
Corporate governance has become a cornerstone of Zain’s regional success, earning praise from shareholders, industry analysts, and regulatory authorities. Zain fully adheres to regulations set by Kuwait’s financial bodies, including the Ministry of Commerce and Industry, the Capital Markets Authority (CMA), Boursa Kuwait, and other regulatory authorities where the company operates.
Bader Al-Kharafi, Zain’s Vice-Chairman and Group CEO, emphasized the importance of corporate governance in driving long-term sustainable value, stating, “This fourth consecutive recognition rewards our Investor Relations, Sustainability, and Corporate Governance team’s unwavering commitment to ethical standards, professionalism, and diligence.”
Zain’s robust Corporate Governance framework mitigates risks and enhances Board oversight, ensuring strong internal controls and promoting financial integrity. This structure has played a key role in securing market confidence and attracting global investors.
In addition to its corporate governance efforts, Zain’s Investor Relations, Sustainability, and Corporate Governance teams are actively raising awareness about environmental, social, and governance (ESG) issues, aligning with global trends and best practices. The company has introduced new policies to enhance transparency and address both short- and long-term challenges.
Zain’s Annual Report and Sustainability Report further highlight its focus on providing Meaningful Connectivity, fostering positive relationships among stakeholders, and prioritizing sustainable growth through its ESG initiatives.
