As part of its support of CBK’s banking awareness campaign ‘Let’s Be Aware’ Kuwait, 21 September 2023: For the third year in a row, Kuwait International Bank (KIB) announced its continuous support of the ‘Let’s Be Aware’ (Diraya) financial awareness campaign, which was launched by the Central Bank of Kuwait (CBK) and the Kuwait Banking Association (KBA) in cooperation with local banks. The Bank’s steady support stems from its constant keenness to develop the financial culture of its customers and spread banking awareness among all targeted segments of society. KIB recently set up a booth at the headquarters of Ooredoo Kuwait to introduce the company’s employees to the various banking products and services it can provide based on their personal needs and lifestyles. ......read more
Offering exclusive discounts on Careem rides to and from Sultan locations Kuwait, September 17, 2023: Careem, the region’s Everything App, announced a new partnership with Sultan to help facilitate easier transportation exclusively for the renowned retail grocery chain’s customers. As part of the partnership, Careem will be offering a 30% discount to locals, residents, and visitors who choose to use its ride-hailing service while traveling to and from any Sultan branch and location in Kuwait, up to four times every month. Sultan customers can benefit from the discount by downloading the Careem application and inserting the promo code “SULTAN30” before requesting a Careem ride to or from one of the retailer’s stores and markets spread across the country, excluding Sultan Express ......read more
As part of its comprehensive customer satisfaction strategy Kuwait, 18 September 2023: In continued efforts to elevate its banking experience to higher levels of quality and excellence, Kuwait International Bank (KIB) announced the launch of two new features to its suite of contact center services, which aim to add more ease and convenience to every customer interaction. This comes as part of the Bank’s overarching strategy for achieving holistic banking distinction that resonates in every touch point with the customer. Recognizing the convenience of texting as a means of communication, KIB introduced the WhatsApp interactive service, which allows customers to skip all hotline queues and get an instant reply to their inquiries. To initiate a conversation with the new interactive service, customers simply need to save ......read more
Kuwait, 17 September 2023: Kuwait International Bank (KIB) announced the five lucky winners of the second prize draw held under its exclusive ‘Surprises for Every Season’ campaign, which is based on customers’ transactions throughout August. In partnership with global digital payments leader, Visa, the campaign is dedicated to rewarding KIB’s Visa Credit, Prepaid or Debit Card holders, reaffirming the Bank’s commitment to enhancing its customers’ banking experience. The first winner of the second draw, Abdullah Ahmad AlKandari, became the owner of a SuperJet from Yamaha. The second winner, Omar Sami AlFuraih, received four fully paid round-trip tickets to Abu Dhabi and Yas Island, as well as tickets to two of Abu Dhabi's most popular theme parks, such as Ferrari World, SeaWorld, Yas ......read more
The best account of its kind in Kuwait for offering the highest monthly expected returns and cash prize draws Kuwait, 16 September 2023: Kuwait International Bank (KIB) announced the names of the winners in the eighth Al Dirwaza account monthly draw, based on customers’ August deposits. The draw was held in the presence of representatives from the Ministry of Commerce and Industry, as well as representatives from the Bank. In this draw, Abdulwahab Ali Abbas Redha won KD 10,000, whilst the KD 1,000 prize was awarded to 10 winners in total: Sharefa Ahmed Ali AlKandery, Yousef Abdullah Mohammad Ahmad, Basmah Salem AlOthman, Naser Abdulrahman Ahmad AlAhmad, Semri Mohammad Semri AlAzmi, Hamad Abdullah Yousef Alkandari, Jassim Yaqoub Teaib AlShaheen, Eissa Ahmad Ali Ahmad, Hamad Fhaid AlHashmi AlAjmi, and Adel Abd ......read more
As part of its committed support to CBK’s ‘Let’s Be Aware’ campaign Kuwait, 13 September 2023: In a new effort to raise awareness about financial literacy and secure banking practices, Burgan Bank, represented by Mohammad Al Sarraf, Assistant Manager of Corporate and CSR Communications, recently took part in a lively and informative conversation on the Marina FM show, Diwaniya. The radio appearance comes as part of Burgan Bank’s comprehensive social responsibility program and its ongoing support of the “Let’s Be Aware” (Diraya) campaign, which was launched by the Central Bank of Kuwait (CBK) and the Kuwait Banking Association (KBA) in cooperation with Kuwaiti banks. During the radio talk, Al Sarraf tackled several vital topics for the show’s mass audience, including ......read more
Stemming from its faith in the importance of customers’ awareness of their rights and responsibilities, as part of its support of the ‘Diraya’ campaign Kuwait, 12 September 2023: Kuwait International Bank (KIB) announced its continued support of the banking awareness campaign, ‘Let’s Be Aware’ (Diraya), which was initiated by the Central Bank of Kuwait (CBK) in cooperation with Kuwait Banking Association (KBA). Since the launch of Diraya, KIB has contributed to the campaign’s success by raising customers’ awareness of the various personal funding services and products that the Bank offers, as well as the differences between the mandates of each service. The Bank also focused its efforts on educating its audience about the benefits that add unique value to the customers’ ......read more
Kuwait, 10 September 2023: Burgan Bank announced today the names of the Kanz account monthly draw winners, who will each take home a KD 2,000 cash-prize. All Kanz customers who maintain a minimum balance of KD 200 for at least one week before the draw date, are included in the draw, and their chances of winning increase with higher deposits. The 20 lucky winners are: • ABBAS AHMAD ALHADDAD • HANY RADY ZARIF • KADHEM MOUSA ALSARRAF • ASMAHAN MOHAMMAD QABAZARD • ABDELAZIZ AHMED ABDELAZIZ • NEDHAM AHMAD ALKHAYAT • ABDULLAH HEZAM ALDHAFEERI • MANSOURAH RASHEED ALRASHDAN • HAMAD MOHAMMED ALSAAD • ABDULNASER MOHAMMAD ABOU TALEB • JASSIM JAWAD ALSHATTI • ALI HASSAN HUSSEIN • SALEH MAJED KHAMEES • YONUS ......read more
Kuwait, 10 September 2023: Kuwait International Bank (KIB) concluded the Field Training and Part-Time Work Program for Fresh Graduates, which was organized in cooperation with Al Fintass Co-Operative Society and Sabah Al-Ahmad City Co-Operative Society. This training came within the framework of the Bank's strategy that aims to focus on training and qualifying participants to contribute to the work of the sales and customer service sector at KIB’s Retail Banking Department. Commenting on the initiative, Head of Central Sales at KIB, Abdulaziz Al-Shammari, said: “This training program has achieved all the desired results. It enabled freshly graduated Kuwaiti youth to get substantive practical training and develop their skills in the banking field. It also provided them with basic expertise that would help them ......read more
Ensuring seamless adaptation to the new strategic direction Mr. Manaf Khaled Al-Menaifi General Manager of Strategic Planning and Monitoring Kuwait, 9 September 2023: In line with its ongoing commitment to empowering Kuwaiti talents within its leadership team, Burgan Bank has announced the establishment of the Transformation Unit under the leadership of Mr. Manaf Khaled Al-Menaifi. In addition to his current role as the General Manager of Strategic Planning and Monitoring, Mr. Al-Menaifi will spearhead the Bank's strategic transformation efforts in his expanded role. The creation of the Transformation Unit follows the approval of Burgan Bank's Board of Directors, which recognized the need for strategic transformation to sustain growth and success in a rapidly evolving market. The unit will play a ......read more
Kuwait, 9 September 2023: In a bid to uphold its committed support of the Let’s Be Aware “Diraya” campaign, Kuwait International Bank (KIB) announced setting up a booth at the Kuwait Bar Association headquarters with the purpose of raising awareness of fundamental financial literacy, as well as the Bank’s services, products, and special offers. Realizing the central role that financial literacy plays in the success and growth of Kuwait’s society, the Central Bank of Kuwait (CBK) in collaboration with the Kuwait Banking Association (KBA) launched “Diraya”, which continues to run for its third consecutive year. In light of KIB’s latest contribution to the success of “Diraya”, Musab Al-Shalan, Deputy General Manager of the Retail Banking Department at KIB, stated: ......read more
Kuwait, 6 September 2023: Kuwait International Bank (KIB) announced the name of the winner of its Al Dirwaza digital account opening campaign for the month of August, whereby customer Ahmad Saleh Ahmad Alnamash won the draw. This draw comes as part of the Bank’s renewed campaign that is designed to provide a distinctive digital banking experience and reward customers who open an Al Dirwaza account through its digital platforms, whether KIB Online or the KIB Mobile application. On this occasion, Nawaf Al-Khrayef, Assistant General Manager of the Retail Banking Department at KIB, said: “We continue to announce new winners of the draws and prizes of this distinctive campaign on a regular basis. Apart from rewarding customers, the campaign contributes to educating them about the importance of saving and allows them to enjoy ......read more
In collaboration with INJAZ and as part of the Bank’s efforts to advance education and training and support micro-enterprises Kuwait, 5 September 2023: Kuwait International Bank (KIB) recently concluded the activities of its summer camp designed specifically for its employees’ children and relatives. Organized in collaboration with INJAZ Kuwait, the KIB Summer Camp stems from the Bank’s firm belief in the power of education and training in the KIB Life Academy. The step comes as part of KIB’s eagerness and commitment to support entrepreneurs and micro-enterprises in line with government directives to encourage entrepreneurship among Kuwaiti youth within the framework of achieving Kuwait Vision 2035. Commenting on the initiative, Siham AlKhorayef, Manager – Learning and Development at KIB said: “The ......read more
Enabling the collection of payments through a smart device app Kuwait, 4 September 2023: Kuwait International Bank (KIB) announced offering a digital point of sale service, SoftPOS, for its business-owning customers. The new service enables them to collect payments using an innovative app for smart devices, developed by the Shared Electronic Banking Services Company (KNET) specifically for this purpose. Commenting on the service, Abdullah Mubarak AlShatti, Head of Merchants, Retail Banking Department, said: “As one of the most advanced payment technology solutions, the SoftPOS service reflects KIB’s commitment to keeping up with the latest digital innovations. This comes as part of the Bank’s strategy to expand its electronic banking services and products, meeting all its business-owning customers’ ......read more
As a part of its comprehensive social responsibility program Kuwait, 3 September 2023: As part of its ongoing efforts to embed the principles of environmental sustainability into society, Kuwait International Bank (KIB) announced launching an awareness campaign in collaboration with AlBohayra Farm, one of the leading agri-tourism farms in the Middle East. Under the slogan ‘Plant Life with KIB’, the campaign comes as part of the Bank’s comprehensive social responsibility program. Commenting on the new collaboration, Abdulaziz Althawab, Marketing and Corporate Communications Specialist at KIB, said: “This special collaboration with AlBohayra Farm is a testament to KIB’s unwavering dedication to furthering environmental sustainability, enhancing community prosperity, and contributing to economic ......read more
Kuwait, 2 September 2023: Kuwait International Bank (KIB) announced its diamond sponsorship of the 2023 Arab Banking Conference, organized by the Union of Arab Banks (UAB) and set to be hosted by the Saudi capital Riyadh on the 4th and 5th of September. Taking place in Hilton Hotel, and under the slogan “Arab Economic Outlook in Light of International Changes,” the conference will be attended by an elite group of leaders and specialists in the banking sector. Commenting on the occasion, Othman Tawfeqe, General Manager of the Retail Banking Department at KIB, said: “This conference is a golden chance for banks and participating entities to share ideas and information about the challenges and opportunities within the Arab banking sector in light of the continuously changing international economic ......read more
In continued efforts to achieve customer satisfaction through innovating comprehensive services Kuwait, 26 August 2023: Kuwait International Bank (KIB) announced that its Retail Banking Department continues to spare no effort to provide its customers with a wide range of innovative and comprehensive digital services that adhere to the highest international standards and the latest technologies across the global banking industry. This is further supported by the Bank’s relentless effort to build and reinforce a reliable and advanced digital infrastructure, capable of ensuring a smooth banking experience for all customers, and with it guaranteeing the highest levels of customer satisfaction. As proof of the Bank’s earnest pursuits, the Retail Banking Department recorded a wide range of achievements during the first ......read more
With customized benefits and integrated banking services in one platform Kuwait, 23 August 2023: Kuwait International Bank (KIB) announced the relaunch of its digital platform, KIB Mobile, dedicated to personal banking customers. The revamped application comes as part of the Bank’s comprehensive digital strategy, which includes introducing new services and products that keep pace with the digitization process and its developments in the banking sector. This step emphasizes KIB’s continuing efforts toward improving the banking experience for all customer segments, as an embodiment of its main slogan ‘Bank for Life’. Commenting on KIB’s advanced step, Othman Tawfeqe, Retail Banking Department General Manager at KIB, said: “We have been making significant and continuous efforts to reach this vital ......read more
Kuwait, 22 August 2023: Kuwait International Bank (KIB) was crowned the “Best Islamic Bank in Kuwait in 2023” by UK-based World Finance magazine, holding the title for the tenth consecutive year. The award came in recognition of the Bank continually delivering outstanding Islamic banking products and services, with exceptional customer service. As one of the world's leading media platforms in the economic and financial field, World Finance has been holding its annual Islamic Finance awards program since 2007. The awards honor several of the most prominent financial and banking institutions globally, based on some of the highest standards and best practices from within the world of business and finance. After its nomination alongside a curated list of numerous top banking institutions, KIB emerged victorious. The ......read more
As part of its commitment to constantly supporting the ‘Let’s Be Aware’ campaign Kuwait, 21 August 2023: Kuwait International Bank (KIB) remains committed to its social responsibility and awareness efforts through its support of the ‘Let’s Be Aware’ (Diraya) campaign, launched by the Central Bank of Kuwait in cooperation with the Kuwait Banking Association. As part of this commitment, KIB has been shedding light on the dangers of trading and investing in virtual assets or cryptocurrencies on its various electronic and social media platforms. The Bank has also been sharing information about the negative impact of virtual investments on investors' and traders’ assets and funds. Commenting on this issue, General Manager of KIB’s Investment Department Jamal Al-Barrak said: “We ......read more
Kuwait, 20 August 2023: Driven by their corporate social responsibility (CSR) strategy, Ooredoo Kuwait, the leading telecom company, has joined forces with the United Nations Office for the Coordination of Humanitarian Affairs (UN OCHA) and launched a fundraising campaign to help struggling families. This collaborative initiative, undertaken on World Humanitarian Day, showcases Ooredoo’s commitment to aid people in need. Contributions will enable humanitarian organizations to respond quickly and save lives by providing safe shelters, warmth, food, education, Water and Sanitation, and protection. Along with Ooredoo’s effort to achieve the United Nations Sustainable Development Goals (UN SDG), which aim to improve the lives of people and create an all-round healthier world for tomorrow and the future. In a statement by ......read more
Kuwait, 20 August 2023: In a recent study on Kuwait’s West Abu Fatira Al-Herafia and Ardiya Al-Herafia areas, Kuwait International Bank (KIB) reported that demand for light industrial properties witnessed a sharp rise over the past five years. The increase comes in conjunction with the support the Kuwaiti state has been providing to owners of small and medium enterprises to launch their various projects, as they play a vital role in diversifying different sectors of the local economy. Discussing the report, Mubarak Al Harbi, Team Leader of the Real Estate Appraisal Engineers at KIB’s Real Estate Department, said that both West Abu Fatira Al-Herafia (Aswaq Al Qurain) in Mubarak Al-Kabeer Governorate and Ardiya Al-Herafia in Al Farwaniyah Governorate are distinguished areas. He explained that the two are service areas for ......read more
As part of its commitment to elevating the sports sector Kuwait, 20 August 2023: In continued efforts to support Kuwait’s top athletic talents and as part of its strategic partnership with the Kuwait Olympic Committee and its Olympic Athlete Preparation Program, Burgan Bank is sponsoring the three Kuwaiti Olympians competing at the 2023 World Athletics Championship. This includes Yaqoub Al-Youha, Mudhawi Al-Shammari, and Ebrahim Al-Dhafeeri who are all now vying for gold at the tournament currently taking place in Budapest, Hungary. The three Olympians, Al-Youha, Al-Shammari, and Al-Dhafeeri, have all competed in numerous worldwide championships, bringing home numerous medals. With such a notable track record of triumphs, the Olympians’ participation in the 2023 World Athletics ......read more
Al Dirwaza account is the best of its kind in Kuwait for offering the highest monthly expected returns and cash prize draws Kuwait, 19 August 2023: Kuwait International Bank (KIB) announced the names of the winners in the seventh Al Dirwaza account monthly draw, based on customers’ July deposits. The draw was held in the presence of representatives from the Ministry of Commerce and Industry, as well as representatives from the Bank. In this draw, Naflah Saleh Hamed Alsenafi won KD 10,000, whilst the KD 1,000 prize was awarded to 10 winners in total: Abdulrazzaq Montadher Abdulrazzaq Almahdi, Ahmad Hamed Mater Alenezi, Sawsan Hashim Jabbar, Falah Soud Hadmol Alreshedi, Khaled Salem Abdullah Adwah Alajmi, Hussain Ali Mohammad AlHammadi, Jaafar Yousef Abdullah Alhaddad, Azer Abdel Messih, Maha Zakariya ......read more
Kuwait, 17 August 2023: Kuwait International Bank (KIB) announced the name of the winner of its Al Dirwaza digital account opening campaign for the month of July, whereby customer Mohammad Hussain Salman Al Ansari won the draw. This draw comes after the Bank renewed the campaign designed to provide a distinctive digital banking experience and to reward customers who opened an Al Dirwaza account through its digital platforms, whether KIB Online or the KIB Mobile application. Commenting on the draw, Nawaf Al-Khrayef, Assistant General Manager of the Retail Banking Department at KIB, said: “We are pleased to continue announcing the new winners of the draws and prizes of this distinctive campaign, which contributes to encouraging customers to save more and embodies KIB’s commitment to providing the opportunity to enjoy the ......read more
As part of its social responsibility program and in support of young national talents Kuwait, 16 August 2023: Burgan Bank recently concluded its 2023 Young Bankers Summer Program; an initiative that aims to equip young individuals with essential financial skills, while instilling a strong sense of community responsibility. The training program comes as part of Burgan’s comprehensive social responsibility strategy, as well as its continuous support of the national ‘Let's Be Aware' (Diraya) banking awareness campaign. Over a three-week period, 17 young participants had the opportunity to gain a wealth of knowledge from a series of interactive workshops. Conducted by seasoned financial experts from Burgan, these workshops provided valuable insights into the banking industry and how to build a strong network ......read more
In continued support of the banking awareness campaign “Diraya” Kuwait, 16 August 2023: For the third consecutive year, Kuwait International Bank (KIB) upholds its committed support for the Let’s Be Aware “Diraya” campaign, the financial literacy and banking awareness initiative launched by the Central Bank of Kuwait (CBK) and the Kuwait Banking Association (KBA). This comes hand-in-hand with the Bank’s comprehensive social responsibility program, which aims, among many goals, to reinforce the community’s financial literacy and awareness of banking features and safety precautions. To ensure maximum benefit across society’s different circles, KIB set up a booth at the headquarters of STC, the prominent Kuwaiti telecom company and patron of digital transformation in the ......read more
The fully integrated science and technology park is poised to cultivate a vibrant ecosystem that will breathe new life into innovation, research, and development within Pakistan's flourishing technology sector. Kuwait, 16 August 2023 - In a significant stride towards propelling Pakistan's flourishing technology sector, EnerTech, a Kuwaiti state-owned investor and developer in clean energy and sustainable infrastructure, and the NED University of Engineering and Technology (NEDUET) have unveiled the newly completed EnerTech-NED Science and Technology Park. The fully integrated science and technology park, stemming from a robust government-to-government agreement between Kuwait and Pakistan, is poised to become a nexus for technology enthusiasts, visionary entrepreneurs, and multinational corporations. The initiative will set ......read more
Reinforcing its longstanding commitment to sustainability and community welfare Kuwait, 15 August 2023: In a new effort to reinforce its commitment to society, sustainability and the planet, Kuwait International Bank (KIB) organized a comprehensive workshop that discussed environmental, social, and governance (ESG) essentials in the banking industry. The workshop, which addressed staff members across all departments and job grades, was delivered in cooperation with the American University of Kuwait’s (AUK) Center for Continuing Education (CCE). This workshop comes under the umbrella of KIB’s dedication to the overall development of its staff, in addition to its role as a proactive advocate of sustainability in Kuwait. In a bid to offer a well-rounded educational experience for the attendees, the ......read more
Kuwait, 14 August 2023: KIB Chairman Sheikh Mohammed Jarrah Al Sabah has revealed the Bank’s financial results for the first half of the year, ending on 30 June 2023. During this period, the Bank achieved almost KD 6 million of net profit attributable to shareholders, with earnings per share (EPS) standing at 2.87 fils (i.e. 88% growth). Total operating income amounted to KD 35.4 million, which grew 14% compared to the first six months of 2022. Announcing the Bank’s results, Al-Jarrah pointed to the Bank’s solid financial foundation and resilient business model, which are vital for navigating the banking landscape with confidence, clarity, and agility. He said: “KIB’s FY2023 first-half financial results are a testament to our track record of good performance, competitive advantages, and unwavering ......read more
Up to KD 25,000 to spend at the most prestigious hospitals and health resorts around the world Kuwait, 13 August 2023: Kuwait International Bank (KIB) announced signing an agreement with Alsawan Group, a pioneer in the medical tourism field, to offer customers the best financing service for treatment abroad. The value of this new service can go up to KD 25,000, with flexible, easy and convenient installments for up to a maximum of 36 months. Commenting on the new service, Abdulaziz Al-Shammari, Head of Central Sales at KIB, said: “KIB is the first bank in Kuwait to offer this type of non-profit financing for people seeking medical treatment overseas. Providing this service stems from the Bank’s constant keenness to offer flexible banking solutions that comply with Islamic Sharia and meet the medical needs of its ......read more
Q2 2023 (Million KD) Q2 2022 (Million KD) Variance (%) 1H 2023 (Million KD) 1H 2022 (Million KD) Variance (%) Revenue 327.8 138.4 136.8% 648.4 270.5 139.7% Net Revenue 199.8 72.0 177.3% 386.9 139.2 177.9% EBITDA 60.5 37.0 63.4% 120.9 70.9 70.4% Net Profit 14.2 16.1 -11.7% 29.4 28.8 2.3% EPS (fils) 5.55 6.35 -12.6% 11.55 11.41 1.2% Numbers above are rounded KUWAIT – August 14th, 2023 – Agility, a long-term investor and operator in supply chain services, infrastructure, and innovation, today reported second quarter 2023 earnings of KD 14.2 million, or 5.55 fils per share, a decrease of 11.7% over the same period in 2022. Net profit this quarter was impacted by higher interest rate expenses resulting from a general increase in interest rates in addition to an increase in debt ......read more
Kuwait, 12 August 2023: Kuwait International Bank (KIB) held the first draw of its special ‘Surprises for Every Season’ campaign, announcing five winners of the ‘Cruise the World’ prize for the month of July. The lucky winners are Ali Mubarak Ali Hadi Alshehri, Mamdouh Abdulhadi Mohammad Abdulhadi, Ali Ahmad Mohammad AlKandari, Najwa Marafie, and Aly Alseehan. The campaign is one of the many ways the Bank is enhancing its customers’ banking experience, along with a wide range of exclusive offers, benefits, and prizes throughout the year. Commenting on the occasion, Khalid Al Hulaibi, Segments Manager at KIB, said: “We are delighted to congratulate the lucky winners of this unique prize, and we wish them a safe journey full of enjoyable experiences. We also want to stress our keenness to ......read more
Kuwait, 9 August 2023: In order to provide its customers with a seamless and unique banking experience, Kuwait International Bank (KIB) announced activating the contactless near-field communication (NFC) service at its ATMs all around the country. This step comes within the framework of the Bank's comprehensive strategy aimed at keeping pace with the ongoing digital transformation and continuously developing its services and products. Commenting on the new service, Ammar Maqamess, Assistant Manager, Retail Banking Department at KIB, said: “This distinguished step by KIB confirms, once again, its constant keenness to provide more innovative digital solutions that will take its customers’ experience to new horizons with world-class standards, in conjunction with the development of modern digital technologies. We ......read more
Within the framework of its endeavors to attract top talent and support national cadres Kuwait, 7 August 2023: Burgan Bank has announced the appointment of Mr. Barrak Al-Mattar as General Manager of Information Technology. With over 22 years of experience in the tech industry, Mr. Al-Mattar, a seasoned veteran, will lead the Bank's efforts to strengthen its digital transformation while keeping up with the latest technological advancements that offer reliability and security. His primary responsibilities include modernizing IT operations, implementing robust security controls, and aligning IT objectives with the Bank's strategies and goals, especially ensuring a seamless banking experience for customers. The Bank's decision to appoint Mr. Al-Mattar aligns with its commitment to nurturing local talent and attracting ......read more
Kuwait, 6 August 2023: Burgan Bank announced today the names of the Kanz account monthly draw winners, who will each take home a KD 2,000 cash-prize. All Kanz customers who maintain a minimum balance of KD 200 for at least one week before the draw date, are included in the draw, and their chances of winning increase with higher deposits. The 20 lucky winners are: • ABDULAZIZ IHSSEN ABDULAZIZ • ABDULAZIZ MEJBEL NASER • ABDULMOHSEN HAMEED ALTALEB • AHMAD KHALIFA ALSHOHOMI • ALAA HASAN ALSALAH • ALI ABDULRAHMAN ALRAISH • ATTA MOHAMMAD HASSAN • EIMAN ALI ALMEERZA • FAHAD ZUBAIL KHAMEES • FATEMEH ALI MOHEI • HAMAD GHAZI ALMATAR • MARIA NIRMALA MATHIAS • MARZIYEH HASSAN RAEISI • NAWAL ABDULAZIZ ......read more
Enabling customers to report issues via its mobile banking app Mohammad Al-Shamlan Senior Manager - Client Complaints & Protection Unit Kuwait, 5 August 2023: Burgan Bank has announced the launch of an exciting new feature on its mobile banking application that allows customers to submit complaints online conveniently. This initiative is a testament to the Bank's unwavering commitment to enhancing customer satisfaction and elevating their overall banking experience. By introducing this feature, Burgan Bank aims to promote transparency, instill confidence in the effective management and resolution of complaints, and ultimately provide exceptional service to its valued customers. With the new feature, customers can effortlessly submit complaints through their mobile devices, This saves time and effort and ......read more
Stemming from the Bank’s belief in the importance of human capital development Mrs. Kholoud AbdulRedha Al-Feeli Deputy General Manager of Marketing and Communication Kuwait, 3 August 2023: Burgan Bank announced the assignment of the responsibilities for Marketing and Communication to Mrs. Kholoud AbdulRedha Al-Feeli. She will be responsible for conceptualizing, developing, implementing, and communicating the overall marketing and communication strategies and initiatives in line with the Bank's revitalized strategic vision. This new assignment reflects the Bank's belief in the importance of human capital development as a strategic goal to drive greater business success, achieve competitive advantages, and meet customers' evolving needs. Burgan Bank remains committed to supporting, ......read more
Kuwait, 1 August 2023: Kuwait International Bank (KIB) announced the provision of a service to allow customers to submit complaints and receive timely responses and solutions via the new KIB Mobile application. This step reflects KIB’s firm commitment to providing the best banking services and ensuring the satisfaction of its customers from all segments. Commenting on the feature available on the application, Hussain Abdulraheem, Unit Head of the Complaints and Customer Protection Unit at KIB, said: “We at KIB are constantly keen to introduce features and solutions that contribute to providing convenience and credibility to customers. This feature will allow them to submit complaints easily through the KIB Mobile application. It allows the customer to fill out the complaint form electronically through their mobile ......read more
With cutting-edge features designed to meet all customers' banking needs Kuwait, 31 July 2023: Kuwait International Bank (KIB) has announced the launch of its all-new Corporate Online Banking platform, heralding a new phase of financial empowerment and security for its corporate customer. The launch falls in line with the Bank’s commitment to digital innovation and expanding its modern banking solutions. This platform was implemented as part of KIB’s pledge to elevate its state-of-the-art digital banking technologies to cater to the Bank’s corporate customer segment. Designed to seamlessly integrate innovation and security into corporate businesses, the platform promises cutting-edge features and complete control over financial transactions. In his statement on this major announcement, Hesham ......read more
Revenue Increase of 8% year-on-year (Adj. for BoB’s contributions) Kuwait, 29 July 2023: Burgan Bank (“Burgan” or “the Bank”) announced its financial results for the first half of 2023 (H1’23), for the period ending June 30, 2023. The Bank reported robust Revenue of KD 108 million during H1’23 which was up 8% year-on-year (y-o-y). ......read more
As part of the Bank’s comprehensive and dedicated customer satisfaction efforts Kuwait, 26 July 2023: As part of our continuous efforts to provide our customers an added value experiences, Burgan Bank is pleased to announce an added offer under Burgan Rewards program. Our valued Visa credit cardholders can now enjoy a wide range of deals and offers using xperience ......read more
Earnings per share reached 128 fils Kuwait City, Kuwait, July 26th, 2023: National Mobile Telecommunications Company K.S.C.P “Ooredoo” (Ticker: OOREDOO) announced today its financial results for the half year ended 30 June 2023: Financial Highlights: Quarterly Analysis Half Year ......read more
Kuwait, 26 July 2023: Kuwait International Bank (KIB) continues to encourage, support and empower Kuwait’s aspiring entrepreneurs and owners of small and medium enterprises (SMEs) to stimulate economic growth and help create more local jobs. As a demonstration of its support, the Bank is urging current and future customers to benefit from its Mubader Account, which is specifically tailored ......read more
In line with the Bank’s vision of investing in its human capital and cultivating its top talents Kuwait, 25 July 2023 : Burgan Bank announced the promotion of Mr. Fadhel Mahmoud Abdullah to the position of Acting Chief Executive Officer (CEO) – Kuwait, in line with the Bank’s strategy to strengthen Its leadership team. Regarded among Burgan’s longest-serving ......read more
Kuwait, 23 July 2023: Kuwait International Bank (KIB) announced that August 1st is the last date to open or deposit in Al Dirwaza account to enter the September monthly draw for a chance to win prizes of KD 20,000 for 11 winners. Accordingly, the Bank is reminding its current and potential customers to open or deposit more in Al Dirwaza account to increase their chances in September’s Draw ......read more
Kuwait, 22 July 2023: Kuwait International Bank (KIB) launched its brand-new real estate digital platform, dedicated to its customers interested in owning, selling, and renting real estate. The platform, KIB Aqari, is supported by a property appraisal service being launched digitally for the first time in Kuwait. This step comes as part of KIB’s commitment to keep pace with the latest ......read more
Rewarding customers with cash prizes and exceptional awards Kuwait City, 20 July 2023: Ooredoo, the leading telecommunications company in Kuwait, is thrilled to announce the winners of its ongoing Value-Added Services competition. This competition, which has been ongoing throughout the year, reaffirms Ooredoo’s deep commitment to fostering strong relationships with its customers ......read more
Effectively contributing to the success of “Diraya” campaign Kuwait, 19 July 2023: In continuation of its support for the Let’s Be Aware “Diraya” campaign, Kuwait International Bank (KIB) designated a team of its finest talents to raise financial and banking awareness at Al Kout Mall. As part of its contribution to the campaign, which was initiated by the Central ......read more
Kuwait City, 18th July, 2023: Ooredoo, a key contributor to national environmental responsibility announced its most recent sustainability initiative in collaboration Ocean Minded, a renowned company dedicated to ocean conservation, to launch a unique initiative aimed at protecting the marine environment. In a joint effort, Ooredoo and Ocean Minded have strategically placed branded buoys ......read more