KUWAIT — Kuwait Telecommunications Company – stc has been recognized with two major honors at the Global Business Outlook (GBO) Awards 2025, winning Best Corporate Governance Telecom Company – 2025 and Best Leadership in Compliance and Corporate Governance Initiatives – Telecommunications 2025.
The awards ceremony was held in Dubai and attended by Essam Issa Al-Asousi, Chief Corporate Affairs, and Ahmed Al-Murad, General Manager of Legal Affairs and Compliance at stc Kuwait, who accepted the awards on behalf of the company.
stc received the Best Corporate Governance Telecom Company – 2025 award for its comprehensive and robust corporate governance framework. Built on principles of integrity, accountability, and transparency, the framework supports effective decision-making, protects stakeholder interests, and ensures long-term institutional sustainability.
The governance model covers key areas including the independence and effectiveness of the Board of Directors and its committees, regulatory compliance, transparency and disclosure, protection of shareholder and stakeholder rights, and advanced risk management and internal control mechanisms. stc continuously aligns its policies with local regulations and international best practices to maintain compliance and operational readiness.
The company was also named Best Leadership in Compliance and Corporate Governance Initiatives – Telecommunications 2025 in recognition of its structured approach to embedding a culture of compliance and ethical conduct across all organizational levels. This includes clear governance policies, effective oversight, and proactive engagement with regulatory authorities.
Since 2021, stc has consistently earned international recognition for its governance and compliance frameworks, reflecting a steady evolution from foundational governance structures to sector leadership. These achievements highlight a systematic and sustainable approach that strengthens stakeholder confidence and supports long-term strategic objectives.
The recognition underscores stc’s focus on building a corporate culture rooted in integrity and accountability, where governance and compliance are core components of its institutional identity. This is reflected in ongoing initiatives across compliance, risk management, internal controls, and transparency.
These awards align with stc’s role as a key enabler of digital transformation in Kuwait, delivering innovative services and platforms grounded in trust, sustainability, and responsible corporate conduct.
