stc launches a Long-Term Incentive Program for employees

Kuwait Telecommunications Company – stc, a world-class digital leader providing innovative services and platforms to customers, enabling the digital transformation in Kuwait, announced the launch of its Long-Term Incentive (LTI) Program, marking a first-of-its-kind initiative in Kuwait aimed at rewarding top talent as they progress with the Company. The program aligns with stc corporate culture which focuses on rewarding exceptional employees for driving business success, further motivating them to achieve new milestones.

The LTI Program was designed by stc as part of the Company’s commitment to continuously invest in its people, especially as the organization continues to grow and evolve in a competitive and fast-paced environment. To recognize the sustained contributions of high-performing employees, sic introduced a range of benefits that will empower employees by feeling a sense of ownership to the Company, thereby enhancing their engagement in the Company’s operation and culture through long-term value creation. stc is excited to leverage the J.P. Morgan Workplace Solutions platform to deliver a premier Long-Term Incentive Program, empowering stc employees with premier benefits and opportunities for growth.

The program was launched during a signing ceremony held at the company’s headquarters. stc Kuwait’s Chief Human Resources Officer, Mr. Raed Marei and Mr. Abdulhadi Al Herz from J.P. Morgan Workplace Solutions Saudi Arabia were present at the signing.

Additionally, the LTI Program will not only serve as a significant step in employee recognition and retention but also serve as an additional attribute that will strengthen the Company’s position as an employer of choice in Kuwait’s telecom and digital solutions sectors. The program aims to provide employees with financial benefits that accumulate and grow over the long-term that are tied to the Company’s performance, further aligning employee efforts with those of the Company’s growth and innovation goals.

Mr. Raed Marei CHRO of stc, said, “Our people are at the heart of everything we do, and this program reflects our belief in their critical role in driving healthy sustainable growth for the Company. As we continue to lead in digital transformation and innovation, it is essential to reward our top talents for their dedication and contributions, ensuring that they grow and succeed alongside stc. Through launching this program, we are not only investing in our employees but also reaffirming that their hard work is recognized and appreciated as a key driver of our success across the sectors in which we operate.”

Over the years, stc has built a solid reputation in Kuwait as an ideal employer of choice following its ranking as the number one ideal employer of choice for engineers and IT professionals in Kuwait according to Universum’s custom research in 2024. The Company evolved its culture to be more empowering and conclusive, leading to higher employee retention rates and overall enhanced performance. Launching the LTI Program will further build on the milestones the Company has managed to achieve when recognizing and awarding its top talents for their exceptional performance which has placed stc as a pioneer in the telecom and digital solutions sectors.

Marei added, “With the introduction of the LTI Program, we are taking a strategic step towards building a motivated and high-performing workforce that aligns with our long-term vision. Our approach is to ensure that as stc continues to grow and expand, so do our people that are the backbone of our operation and growth trajectory. This program highlights our ongoing commitment to our people, who are instrumental in our journey to deliver an exceptional experience not just to our customers, but our stakeholders alike.”