KUWAIT: KGL has been awarded 'Best Logistics Company' for the second time by the Arabian Business Magazine of the ITP Publishing Group at the Annual Arabian Achievement Business Awards that was held at the Courtyard Marriott Hotel on May 22, 2012. Yaqoub Abdulla Al-Wazzan, KGL Holding Vice Chairman received the award from the Undersecretary of the Ministry of Commerce AbdulAziz Al-Khaldi in the presence of WissamYounan, the Advertising & Media Directorof ITP Publishing Group. Several KGL executives were also present at the Gala Dinner. In its 12th year, the prestigious Arabian Business Achievement Awards recognize excellence among business firms and individuals across all business sectors in the Arab region.
Yaqoub thanked the ITP Publishing Group for this recognition and outlined that the KGL Group could not have been what it is today had it not been for the support of its partners, human capital, customers, vendors, bankers and shareholders that was, and continues to be, instrumental for our on-going success. KGL was awarded the 'Best Logistics Company' for 2012 as the Group was able to come through the recession stronger with an improved overall efficiency by putting in place and applying solid Corporate Governance practices. Yaqoub added that the financial crisis had a positive impact on KGL as it incentivized the company to accelerate organizational consolidation and restructuring.
The Company believes that communal development can lead to a sustainable community. The approach to this development is through Corporate Social Responsibility where the company engages its employees actively and effectively to work hand in hand with public and non-profit organizations to positively impact communities. The awarding ceremony hosted over 200 guests from various industries in Kuwait. In addition to KGL, 18 other categories were recognized and awarded that same night covering the Banking, Financial, Investment, Insurance, Hospitality, Technology, Telecom, Construction & Developing, Industrial & Energy industries and Corporate Social Responsibility initiatives.
© Kuwait Times 2012
