Nov 15, 2014

Saudi Telecom Company and GCC Board Directors Institute enter into a sponsorship agreement

Saudi Telecom Company (STC), the largest telecommunications company in the region, and the GCC Board Directors Institute (BDI), the pre-eminent organization for Boards and directors in the Gulf, are proud to announce their recent sponsorship agreement. “STC, being a socially responsible organization, places great emphasis on sound corporate governance practices. Transparency, fairness practices and effective corporate governance are receiving significant focus at STC. BDI, in the recent years, have made solid contribution to the advancement of corporate governance practices through capacity building, research and development. We are sure this partnership will help further the effectiveness of our joint efforts towards greater emphasis on implementation of international standards in the region,” said Eng. Abdulaziz Al-Sugair, Chairman and Managing Director of STC. This sponsorship is a testament of STC’s recognition of the important impact sound corporate governance practices can have on organizations, societies and economies in the Gulf. “It is truly an honor to welcome STC into our esteemed network. With this sponsorship agreement, STC once again demonstrates thought leadership and its deep understanding of the benefits that sound corporate governance practices bring to any organization. Having the support of the region’s largest telecommunications company will definitely hone BDI’s efforts to raise the level of board effectiveness and corporate governance standards in the Gulf.” said Mr. Mutlaq Al Morished, CFO of SABIC and Chairman of GCC Board Directors Institute. Since its inception in 2007, BDI has established itself as the pre-eminent organization in the Gulf for Boards and directors, and has fostered a prestigious network of more than 15 partners and sponsors.

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