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[BUSINESS] · Kuwait · 2 sources

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Zain Group upgraded to AA in MSCI ESG index

Zain Group has announced an upgrade in its MSCI ESG rating to AA, positioning the company as a leader within the Gulf markets. This rating reflects the group's integration of environmental, social, and governance (ESG) principles across its operational processes in the Middle East and Africa.

Bader Nasser Al-Kharafi, Vice Chairman and Group CEO, stated that the AA rating is the culmination of a long-term institutional path toward transforming the group into a leading purpose-driven technology conglomerate. He noted that the upgrade confirms the successful implementation of the group's operational strategy and the continuous strengthening of governance practices.

The MSCI assessment highlighted Zain's performance in key areas, including data security, privacy protection, human resources management, and environmental practices, noting that the group's performance has exceeded the telecommunications sector average in several categories.

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Bader Nasser Al-Kharafi · MSCI · Zain Group