Kuwait-based Qurain Petrochemical Industries Company (QPIC) has announced that its vice chairman and CEO, Sadoun Ali, was named one of the region’s most successful business leaders in the “Top CEO 2015” event that took place recently in Dubai, UAE.

The event’s main objective was to highlight the leaders of the top 700 listed GCC companies and promote sound corporate governance systems, said a statement.

Out of the total of 700, as many as 100 leaders were selected and Ali was ranked at 42, it added.

Ali said: “I am honoured to be receiving this award, which reflects the high corporate governance standards which QPIC and its parent company, Kuwait Projects Company – KIPCO, have maintained through our annual Shafafiyah Investors Forum.

“This initiative that was first launched in 2004 for the purpose of committing to sound corporate governance and transparency standards,” he said.

“This is the second award that QPIC receives in recognition of its corporate governance efforts at the regional level, which serves to assure us that our governance systems are effectively maintaining a healthy working environment and serving the best interests of our stakeholders,” he added.

Source: Trade Arabia