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Sunday , January 29 2023

VIVA named ‘Leading Corporate for Investor Relations in Kuwait’

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Third in the Middle East by MEIRA

Photo from the Annual MEIRA Awards Gala

KUWAIT CITY, Sept 30: VIVA, Kuwait’s fastest-growing and most developed telecom operator, is pleased to announce that it has been recognized as “Leading Corporate for Investor Relations in Kuwait” and third in the Middle East, during the Annual Awards Gala held in Dubai to reward the best investor relations specialists from companies and individuals in the Middle East Region.

The gala took place at the 10th annual conference of the Middle East Investor Relations Association “MEIRA” in presence of the biggest listed shareholding companies on the stock exchanges in the GCC and the Middle East Region. VIVA’s CFO, Mohammed bin Abdulmohsen Al-Assaf, received VIVA’s awards. In addition, Wassim El Hayek, Investor Relations Director at VIVA has won “Best Investor Relations Professional in Kuwait”. The Middle East Investor Relations Award is considered the biggest event focusing on the role and practices of the investor relations in the region.

The leading companies applying the highest professional standards in investor relations are honored and awarded based on a survey prepared and launched by EXTEL Corporation about investor relations. This survey is conducted with a wide participation of the financial analysts and investors of the local & International investment companies and banks.

On this occasion, Engr Salman Bin Abdulaziz Al-Badran, VIVA’s CEO said: “Since its incorporation, VIVA is committed, through its successful strategy, to play the leading role by applying the best practices and professional standards across all VIVA’s sectors and departments that support its activities and plans.  These awards reflect the efforts exerted by the executive management and Investor Relations Department to enhance communications and transparency with investment community and shareholders who proved their satisfaction with VIVA’s performance in field of investor relations through fulfilling all investors’ requirements such as meetings and inquiries about the VIVA’s developments and its financial and operational performance”.

He added: “The activations of Investor Relations Department’s roles are an essential part of corporate governance principles which aiming to improve work environment, transparency and shareholders protection. VIVA is keen to apply all rules and regulations that are in line with our principles, values and professional standards to result to our shareholders’ interests. Therefore we always seek to concentrate our efforts to achieve the best results through integrated professional team in timely and efficiently manner”.

Mohammed Bin Abdulmohsen Al- Assaf, VIVA’s CFO said: “Granting VIVA’s Kuwait two Investor Relations Awards for the second time during the last three years and ranked for the first time as 3rd among all the listed companies in the MENA stock markets which is more than 1,000 company assures the leading role of VIVA amid the Kuwaiti listed companies through our excellency and success in developing investor relations, also by applying the best practices and professional standards to interact and meet the needs of the Investment community over all of all segments of society both inside and outside Kuwait, in addition by extending and enhancing the communications tools and channels of the transparency. The awards prove effective and continuous outstanding efforts exerted by VIVA Investor Relations Department to respond for our investors’ requirements to provide them with information through various communication channels.

Both awards given to VIVA; the Leading Corporate for Investor Relations and the Best Investor Relations Professional in Kuwait, is considered a great achievement if compared with the short period for launching Investor Relations Department’s activities since 2015 and it refl ects VIVA employees’ efficiency, experience and sincerity to achieve the best results”.

MEIRA’s Chairman, Alex MacDonald Vitale said: “Across the Middle East, we have been seeing tremendous efforts to implement best practice in investor relations and corporate governance. In all categories, this year’s award winners have demonstrated their unequivocal commitment to further advancing the quality of IR in the Middle East.

This is also in part a refl ection of the positive impact that MEIRA has had since inception one decade ago. Much has been achieved, and we could not be prouder to see the fruits of our work and celebrate the achievements of those who have proven to be true front-runners in their field. We look forward to continuing to support all MEIRA members and IR professionals in raising the bar and promoting the development of the region’s capital markets.”

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