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For immediate release – 16th November 2014
Saudi Telecom Company and GCC Board Directors Institute enter into a
sponsorship agreement
Photo caption: Eng. Abdulaziz bin Abdullah Al-Sugair, Chairman of STC, and Mr.
Mutlaq H. Al-Morished, CFO of SABIC and Chairman of BDI, sign the sponsorship
agreement in Riyadh, 2014.
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.
-------- END --------About the GCC Board Directors Institute (BDI)
BDI is the pre-eminent organization in the GCC for Boards and directors. It was
launched in 2007 by a combination of four leading regional corporations:
Investcorp, SABIC, Saudi Aramco and Emirates NBD; four leading advisory
firms: Allen & Overy, Heidrick & Struggles, McKinsey & Company and
PricewaterhouseCoopers; and with the support of regional regulatory
authorities: the Emirates Security and Commodities Authority of the UAE, the
Capital Market Authorities of both Saudi Arabia and Oman, the Central Bank
of Bahrain and the Qatar Financial Centre Regulatory Authority.
The Institute’s mission is to make a positive impact on the economies and
societies of the region by promoting professional directorship and raising the
level of Board effectiveness. Its main objectives are to:

Enhance GCC Board member capabilities and further their
understanding of best practice Board governance;

Create a regional network of Board members;

Disseminate high quality corporate governance knowledge;

Put corporate governance higher on the region's agenda.
BDI has delivered several workshops and trained more than 375 senior Board
members who collectively represent over 1,500 Boards of flagship regional
companies. BDI counts over 450 members who, through their membership in
the Institute, have gained access to an exclusive network of like-minded
Board directors and business leaders.
For more information on BDI, please visit the Institute's website at:
www.gccbdi.org or contact the Institute directly at getinvolved@gccbdi.org.
About STC
STC is the largest provider of integrated telecommunication services in the
Middle East & North Africa (MENA) region. Being the leading operator in the
Kingdom of Saudi Arabia, STC has a customer base of more than 32 million
customers. Internationally, STC has presence in 9 countries with a customer
base of close to 150 million.
STC has a long history of industry leadership in embracing latest technology for
innovative services. STC became the first operator in Middle East and North
Africa to launch LTE 4G network followed by FTTH in 2011. STC operated mobile
network covers almost 99% of the populated area of the Kingdom. STC also
operate and participate in the most elaborate international maritime and main
network cables in the region with a measured length of more than 137,000
kilometers.
For more information on STC, please visit www.stc.com.sa
Media contact:
GCC Board Directors Institute
Mira Alrabi
Marketing & Communicstions Manager
mira.alrabi@gccbdi.org
STC
Hassan Alshaikh
Group PR Director
haashaikh@stc.com.sa