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KUWAIT CITY, NOVEMBER 22: Kuwait Telecommunications Company – STC is a world-class digital leader in providing innovative services and platforms to its customers, enabling digital transformation in Kuwait, and a “Telecommunications Deal of the Year – 2022” was announced. Acquisition of E-Portal Holding Company. The award was presented by stc’s General Manager of Investor Relations and M&A at the 21st Annual M&A Advisor Awards Gala at the 2022 Future of Dealmaking Summit in New York on November 15, 2022. Awarded to manager Wasim El Hayek. The M&A Advisor Awards Gala is considered the largest awards gala of its kind in the world. The event was attended by his 350+ industry-leading professionals representing over 500 companies. The final nominees were selected by an independent judging panel of top experts in the M&A industry.
On this occasion, Eng. His Maziad Alharbi, CEO of stc, commented: The portal is seen as he one of stc’s major achievements for the year, which will allow the company to expand its business model and make him one of the top players in the telecommunications market in terms of revenue market share. is ready. ” added Alharbi. Representing the best in his M&A industry from 2021 to his 2022, this unique and prestigious award demonstrates stc’s effectiveness in executing its growth strategy. Our acquisition appetite has grown over the years, especially after fruitful synergies following his 2019 acquisition of solutions by stc (QualityNet). Get an e-portal. ”
strategy
Alharbi continues: This initiative is in line with our corporate strategy and his 2035 vision for Kuwait, and is consistent with his BOD and management’s vision of enhancing the customer experience and creating value for shareholders. rice field. stc’s dedication and perseverance was also reflected in achieving the highest possible results across all financial, technical and legal aspects. This was concluded through a due diligence process in collaboration with the best local and international consultancies and the next steps stc went through to successfully complete this transaction. We were able to seamlessly handle the transaction stages while overcoming the challenges of doing so. We would also like to take this opportunity to thank everyone who has contributed to this success and commend them for their professionalism in completing this transaction. ”
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Alharbi concludes: Driven by stc’s corporate strategy to encourage expansion into his B2B sector in Kuwait, the acquisition of E-Portal will seize potential growth opportunities by introducing innovative concepts and solutions to the market. is intended for In addition, we have developed an operating model based on the digital platform of our subsidiary in stc Kuwait. In return, stc will be able to follow its digital transformation strategy to deliver fully integrated products, services and innovative solutions aimed at exceeding customer expectations and needs. ”
