Kuwait - 8th October 2019: VIVA, a world-class digital leader providing innovative services and platforms to customers and enabling the digital transformation in Kuwait, and a subsidiary of STC Group, participated as a platinum sponsor at the 11th Middle East Investor Relations Association ‘MEIRA’ annual conference held recently in Dubai, where leading companies and individuals who demonstrated best practices in the investor relations (IR) field across the Middle East were honored.
Eng. Maziad bin Naser Al-Harbi, VIVA’s CEO stated: “VIVA is always eager, through its robust strategy, to play a leading role in applying best practices and professional standards across all VIVA sectors and departments that support its plans and activities. Reaping the second position as ‘Best Corporate for IR’ in Kuwait, reflects the efforts exerted by the executive management and Investor Relations Department at VIVA to enhance communication and transparency with the investment community and shareholders who proved their satisfaction with VIVA’s performance in the field of investor relations where VIVA has successfully fulfilled all investor requirements such as meetings and inquiries about VIVA’s developments agenda and its financial and operational performance”. He added: “The role of the Investor Relations Department is an essential part of the corporate governance principles which aims to improve work environment, transparency and flow of information with the shareholders. VIVA is keen to apply all rules and regulations that are in line with our principles, values and professional standards resulting in our shareholders’ interests. Therefore, we always seek to concentrate our efforts in achieving the best results through an integrated professional team in an efficient and timely manner.”
During the conference, VIVA was represented by Wassim El Hayek, General Manager of the Investor Relations and M&A, who commented on the results and the positive role of the MEIRA by promoting communication and transparency with the investment community. Regarding the results, VIVA has maintained a leading position over the last four years as one of the best companies in Kuwait and the Middle East as result of VIVA policies and the full support of the prudent executive management that applies the highest transparency and professionalism standards which have yielded a lot of confidence in the investment community, shareholders and financial analyst. In addition, VIVA has participated in various investor relations events during 2019 regionally and internationally with an aim to enhance communication methods with the investors.
Commenting on the awards, Andrew Tarbuck, MEIRA Chair, said: "The Middle East has seen a tremendous rise in efforts to implement best practice in IR and corporate governance to accommodate the current demands from regional and international investors. This year, we saw stiff competition between companies across the region, further demonstrating the commitment to the quality of IR in the Middle East. For the first time this year, we had banks that were not in the UAE dominate the award list, clearly illustrating the regional drive towards excellent IR. We would like to congratulate the winners and 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”.
MEIRA Annual Conference and Awards is the largest IR event in MENA. This benchmark event brings together participants from locally listed firms, international corporates, investors, research analysts and advisors, as well as representatives of the region’s Regulatory bodies. The aim of the Conference is to provide delegates with a networking platform and to encourage dialogue around market challenges and best practice, while educating participants and stakeholders on the importance of Investor Relations, transparency and corporate governance.
MEIRA is an independent, non-profit organization dedicated to enhancing the role of investor relations and industry standards in corporate governance. Its mission is to enhance the reputation, efficiency and attractiveness of capital markets in the ME and seeks to foster increased dialogue among its members. MEIRA also encourages its members to exchange and adopt best practices in the field of IR and in partnership with financial markets, regulatory bodies and other market participants.