Kuwait – February 11, 2019 - Burgan Bank announced today the names of the daily draw winners of its Yawmi account draw, each taking home a cash-prize of KD 5,000.
The lucky winners are:
SANA AHAMD ABDULHUSSAIN ALBUSTAN
ASAM JAFFAR JASEM ABDULRAHIM
MAJEDAH IBRAHIM MULLA ABBAS ALBULOUSHI
MAHMOUD ABDULLAH ABOU AMER
SUAD AHMAD SALEM ABU HBAIL
In addition to the daily draw, Burgan Bank also offers a Quarterly Draw with more chances to win higher rewards, offering the chance to one lucky customer to win KD 125,000 every three months. The Yawmi Account offers Daily and Quarterly Draws, wherein the Quarterly Draw requires customers to maintain a minimum amount of KD 500 in their account for two months prior to the draw date. Additionally, every KD 10 in the account will entitle ......read more
The only Bank in Kuwait to have won the Award for the period from 2001-2018 consecutively
Kuwait- 11 February 2019: Burgan Bank recently received the coveted ‘Quality Recognition Award’ for the year 2018 from J.P.Morgan Chase, in recognition of its consistently high quality performance. The award highlights the bank’s advanced standards maintained in the complete range of clients’ US Dollar funds transfer operations by the management and staff.
J. P. Morgan Chase commends the bank for achieving 99.58 percent straight-through processing (STP) in the MT103 category and 99.77 percent for the MT202 category of payments, thus, entitling Burgan Bank to the ‘Elite Quality Recognition Award’ in both categories. Highlighting the best-in-class straight-through processing (STP) rates, Burgan Bank was ......read more
Kuwait – 09 February 2019: Burgan Bank, announced today Mr. AHMED HUSSAIN HASSAN ALI as the lucky winner of the Al Thuraya Salary Account monthly draw.
The draw rewards new and existing customers who transfer their salary to Burgan Bank by offering them a chance to win a Nissan Patrol SUV every month. With every KD 10 available in the account, the customer receives one chance to enter the draw.
The Al Thuraya account holders have the option to hold money in Kuwaiti Dinar and other major currencies and can access account-related services such as standing orders, loans and credit cards, and benefit from the discounts and offers throughout the year.
Customers wishing to open the Al Thuraya account can do so by simply visiting the nearest Burgan Bank branch and obtain all the necessary details, or simply call the ......read more
Ministry of Electricity and Water Wins Indoor Football Championship!
Kuwait – 7 February 2019: Burgan Bank, one of the largest supporters of the sports movements in Kuwait, recently sponsored the Ministry of Electricity and Water team who participated in the 2019 Ministries Indoor Football League that took place at Martyr Fahd Al-Ahmad Hall. The Ministry of Electricity and Water team won the championship league title.
During the awards ceremony, Deputy Director in the Public Authority for Sport, Mishaal Al-Hadba congratulated the Ministry of Electricity and Water team for their stellar performance in winning the title third year in a row as well as the Kuwait National Guard and Ministry of Awqaf and Islamic Affairs teams for their victory in second and third places.
The final match was attended by Deputy ......read more
Empowering national talent and communities with world-class experiences
Kuwait, 05 February 2019: Burgan Bank, a leading contributor to the arts and cultural scene in Kuwait, is sponsoring Kuwait’s biggest orchestra comprising of 130 performers from all over the world. Following the success of the first ever classical music performance last year, Ahmadi Music Group returns to present one of Mozart’s most famous symphonies played by international calibers from the UK, Russia and Bulgaria.
Driven to support social advancement among all communities, Burgan Bank continues to sponsor one of Kuwait’s most prestigious music and arts organizations for the fifth consecutive year. This year, the respected music group celebrates the work of a legend, led by Maestro Richard Bushman, in one of the largest and ......read more
Kuwait – 5 February 2019: Burgan Bank, a leading career destination, recently celebrated the graduation of its employees during the Annual Institute of Banking Studies (IBS) ceremony that took place at the Kuwait Chamber of Commerce & Industry. Supporting up-to-date professional developmental opportunities to enable its employees to thrive in a competitive environment, the Bank congratulated each graduate on the successful completion of their certified programs.
Held under the patronage of H.E. Mohammad Yousef Al-Hashel, Governor of the Central Bank of Kuwait and Chairman of the IBS, the event was successfully orchestrated and certificates were distributed to employees who successfully completed the programs. These programs provided employees with a wide range of courses as part of their induction training course ......read more
Winners achieve victory over ten banks and earn leading Run Scorer
January 30, 2019 Kuwait: Burgan Bank is pleased to announce its historic victory as Champion of the annual ‘Kuwait Cricket Bank League’ 2019, crediting its talented in-house Cricket team for the outstanding win. In a pulsating finals match, Burgan Bank defeated Al Ahli United Bank by five wickets, claiming the number one position.
Considered one of the top cricket championship leagues in Kuwait with ten leading banks ¬¬vying for the honor, part of diversified initiatives and activities organized by Kuwait Banks Club for the banks’ staff. The league aimed at encouraging sports as a gateway to maintaining a healthier lifestyle.
The Sports Committee of Burgan Bank congratulated the team on the incredible win and wished them ......read more
Kuwait – 8 January 2019: As part of its regular in-house safety exercise’s,Burgan Bank recently conducted a surprise emergency evacuation drill for its employees at the Head office. The evacuation, which was attended by members of Kuwait Fire Service Directorate(KFSD), helped to evaluate employee response time as well as understand potential gaps and areas for improvement.
Burgan Bank and Kuwait Fire Service Directorate (KFSD) worked together to ensure employee safety and security of internal equipment. The staff underwent comprehensive training on how to manage disasters or accidents. Part of the exercise also involved the simulation of a fire in the building & also situation where few individuals were trapped /r injured in one of the floors on the tenth floor.
Burgan ......read more
Kuwait – 30 December, 2018: Burgan Bank announced today that its airport branch will resume normal working hours during the upcoming New Year holiday, on Tuesday 1st January 2019. The branch will commence operations from 8:00 am to 10:30 pm, in an effort to accommodate banking requirements for travellers’ during the public holiday.
On this occasion, Burgan Bank extends its best wishes and greetings to the public on the arrival of the New Year.
Kuwait – 29 December, 2018: Burgan Bank, the second largest local conventional bank by assets size in Kuwait, announced today the successful private placement issuance of KD 100 million bonds in the local market. The bonds have a three-years tenor, and carry a fixed interest rate of 4.125% per annum.
This transaction, which represents the first of its type to be undertaken by a Kuwaiti bank in the local market, was oversubscribed, being well-received by both institutional investors and high net worth individuals alike.
Mr. Majed Essa Al-Ajeel, the Chairman of Burgan Bank commented: “We are pleased with the trust and confidence placed in us by the investors in our bonds. This issuance is testament to Burgan’s commitment to support the continued development of the local debt capital ......read more
Mr. Al-Ajeel: “We are grateful for the continuous support and trust that our shareholders have placed in us”
Kuwait, 23 December 2018: Burgan Bank, Kuwait’s second largest conventional bank by assets, raised its authorized capital ceiling after obtaining shareholders’ approval in the 34th Extra-Ordinary General meeting held yesterday.
The Bank’s authorized capital ceiling was raised from KD 250,000,000 to KD 400,000,000 and it to be utilized in the future as needed.
Mr. Majed Essa Al Ajeel, the Chairman of Burgan Bank commented: “We are grateful for the continuous support and trust our shareholders have placed in us. Increasing the authorized capital ceiling will allow the Bank in the future, and when needed, to maintain healthy capitalization ratios in accordance with ......read more
Collaborative efforts steered towards enhancing the role and impact of the civil society sector in Kuwait
Kuwait – 20 December 2018: Burgan Bank recently participated in a high-impact workshop named "Planning for Impact - Frameworks for CSR Initiatives”. Dedicated to fostering social development and civic engagement in the Middle East, the event brought together regional and international CSR experts who shared innovative CSR strategies to create positive multidimensional impact. The workshop was delivered by En.v and Pearl Initiative, a non-profit organization focused on enhancing corporate governance, accountability and transparency in the private sector.
The 2-day workshop aimed to upgrade the capabilities of CSR managers across Kuwait. Drawing particular attention to impact measurement, ......read more
Kuwait, 15 December 2018: Burgan Bank staff recently completed its active participation in the final event of the year by the widely popular educational platform – Knowledge Club on December 11. The bank’s middle and senior level employees learned about leading management practices and cutting-edge research to substantiate the importance of employee engagement.
Entitled ‘Productivity, Engagement & Peak Performance’, the conference addressed the art of boosting employee’s engagement levels and productivity to improve business results. During the intensive session, participants interacted with best-selling authors, international keynote speakers, and globally sought-after trainers to gain insights into the trends that affect businesses today, hands-on strategies to enhance employee engagement ......read more
Mr. Al-Ajeel: “We are confident that under the leadership of Mr. Al-Haqhaq, the Bank will continue its solid performance.”
Kuwait – December 10, 2018: Burgan Bank has announced today the appointment of Mr. Raed Al-Haqhaq as Chief Executive Officer for its operations in Kuwait after obtaining approval from the Central Bank of Kuwait. Mr. Al-Haqhaq played a vital role in shaping and executing the strategic direction of Burgan Bank - Kuwait under his previous role as Deputy Chief Executive Officer – Kuwait and will continue to lead the bank to the next phase. Mr. Al-Haqhaq assumed his new responsibilities as of 3rd December 2018.
Mr. Majed Essa Al-Ajeel, Chairman of Burgan Bank Group said: “I would like to congratulate Mr. Raed Al-Haqhaq on his new role. With an exemplary track record and a ......read more
Kuwait, 26 November 2018: Barclays announces today that Jean-Damien Marie has joined as Head of Investments EMEA in Private Bank & Overseas Services.
With over 20 years’ experience in capital markets, asset and wealth management business development and portfolio construction for large asset owners, Jean-Damien brings deep private banking and investment expertise to the team to support the delivery of the high-growth strategy for Private Bank & Overseas Services across the region. He will be responsible for the development and positioning of Barclays as a best-in-class advisory and discretionary manager and as a leading sales, trading and transactional idea provider in EMEA and will be based in Geneva.
Jean-Christophe Gerard, Head of Investments, Private Bank & Overseas Services, ......read more
Kuwait, 26 November 2018: Burgan Bank, an important supporter of cultural activities in Kuwait, is pleased to announce it sponsored the Brazilian Musical Night ‘Waves of Brazil’ at the Yarmouk Cultural Center for the second year in a row. Held on 18 November 2018 under the patronage of the Brazilian Ambassador to the State of Kuwait, H.E. Norton de Andrade Mello Rapesta, the event aimed at advancing the soul-soothing musical scene in Kuwait and honoring the essence of rich Brazilian performances.
The musical extravaganza brought by “Choro Livre,” the well-renowned musical group, captivated the audience, and put it at ease with their soothing melody, proving the power of music to bring out positive emotions. ‘Choro Livre’ plays contemporary versions of the classics of Choro and fills ......read more
Held Under the Patronage of His Highness the Amir of the State of Kuwait Sheikh Sabah Al-Ahmed Al-Jaber Al-Sabah
25 November 2018: INJAZ Al-Arab – member of Junior Achievement Worldwide – is hosting their 12th Annual Young Arab Entrepreneurs Competition in Kuwait between November 26 and 29, 2018. The competition will see 80 students from 11 countries across MENA compete over 12 award categories before their peers and a panel of high-profile judges.
Held under the patronage of His Highness the Amir of the State of Kuwait Sheikh Sabah Al-Ahmed Al-Jaber Al-Sabah, the event will welcome over 180 attendees from INJAZ teams, volunteers and chaperons. The competition will conclude with a glittering award ceremony to be held on November 28, welcoming over 400 guests, including high-school and university ......read more
Kuwait – November 19, 2018: In line with its dynamic full-fledged community program that encourages positive change, Burgan Bank is delighted to announce its support as the lead sponsor of the upcoming ‘International Children’s Day Festival’. As an avid advocate for children's development and wellbeing, the bank’s support of this international day promotes children’s welfare worldwide.
Through its first strategic collaboration and sponsorship with Porsche Club Kuwait, the bank will enable a four day celebration filled with exciting and interactive activities dedicated to bringing happy moments for all children. Scheduled to be held from 21- 24 November 2018 at The Avenues - Phase 4 from 10 am till 10 pm, the theme of the event is to remain active and enjoy every second. Burgan Bank ......read more
One-month program aims at providing solid practical & theoretical experience
Kuwait, October 31, 2018: In keeping with its reputation as a leading banking institution and sought-after career destination, Burgan Bank recently celebrated the graduation of the new batch of 20 trainees from Burgan Bank’s new Burganers Development Program . Led by the Learning & Development department, it is dedicated to raising the bar of excellence and performance for future Kuwaiti bankers by accommodating the new graduates with comprehensive training and professional learning experiences which constitutes the ideal start to their career in the banking sector.
Initiated nearly a decade ago, the program focuses on equipping the new recruits with the necessary qualifications, core competencies, and experience to perform ......read more
Kuwait - 30 October 2018: Promising its customers receive advantageous offers from popular outlets in Kuwait, Burgan Bank announced its latest partnership with Richards Coffee Bar that will entitle its Youth customers with an exclusive 15% discount. Youth cardholders can indulge in the genuine and unique taste of coffee beverages served at Richards Coffee Bar, famed for its coffee bean seeds collected from around the world.
Burgan Bank seeks to keep abreast of modern preferences, especially for coffee lovers as coffee grabs a large sector of people in Kuwaiti society. As this new offer allows the customers to benefit from the discount on Richards Coffee Bar, the most prominent specialty coffee bar and professional roaster, situated in Kuwait City. Richards Coffee bar provides a fun and comfortable atmosphere surrounded by ......read more
Net Income reaching KD71.0 million (USD235 million) in Nine months with 32% growth YoY
Operating Income reaching KD206.6 million (USD685 million) in Nine months, 15% growth YoY reflecting Solid Operating Capabilities
Kuwait – October 29, 2018: Burgan Bank Group announced today its nine months earnings for the financial year 2018 reporting a net income of KD71.0 million (USD235 million) with a growth of 32% year on year while during the third quarter of 2018 the Bank registered KD20.5 million (USD68 million) growing 36% in comparison to the same period last year. The set of results for the period ending in 30th September 2018 demonstrated solid operating capabilities and efficiencies.
Earnings per share grew for the first nine months by 38.5% year-on-year reaching 26.6 Fils, and achieving return on ......read more
Long term partnership aims to bolster civil society sector capacity and capabilities within Kuwait
Kuwait –24 October 2018: As a positive contributor to Kuwait’s society, Burgan Bank has forged an eighteen month partnership ending March 2020 with en.v, an organization dedicated to fostering social development and civic engagement in the Middle East. The new strategic collaboration aims to ameliorate the spread of knowledge through innovative platforms and initiatives, and drive the sustainability of local communities. To kick-start the partnership, Burgan Bank is sponsoring the first event, titled ‘Awaken Festival’ to enhance the civil society’s capacity and capabilities in Kuwait. The festival will be held during the period of 15-17 November 2018 at Dar al-Athar al-Islamiyyah in Yarmouk ......read more
Reinforcing its mission to build strong leaders of tomorrow
Kuwait – 23 October 2018: As a sought-after career destination that seeks to develop the skills and expertise of future leaders in the market, Burgan Bank recently hosted a “Job Shadow” program in collaboration with INJAZ-Kuwait. Through the latest skills-building program, Burgan Bank aims to create a highly educated generation of ambitious and driven professionals. The “Job Shadow” Program offers school students the opportunity to explore different business sectors through a series of workshops and field visits that are presented by the respective heads, professionals, and business owners.
INJAZ-Kuwait is a private sector driven, non-profit organization that works on developing and building business and entrepreneurial ......read more
Advocating for better health and wellness among its employees
Kuwait – 20 October 2018: As one of the leading contributors to community development and a pioneer in supporting healthy lifestyles, Burgan Bank recently hosted its yearly breast cancer awareness campaign dedicated to the betterment of its staff. Titled “Together against Breast Cancer,” the bank organized an educational workshop aimed to stress the importance of healthier nutrition, regular exercise, and raise awareness about symptoms, causes, risk factors, treatment, types, and prevention methods.
The workshop brought to light one of the most concerning health risks plaguing the country wherein, an alarming increase of cases have been reported both locally and internationally. This year’s session was led by Dr. Noha ......read more
Rights Issue oversubscribed with healthy shareholder participation
Kuwait, 14 October 2018: Burgan Bank, Kuwait’s second largest conventional bank by assets, announced successful completion of its Rights Issue, whereby the bank raised KD62.55 million of equity by issuing 240.58 million shares. The Rights Issue was oversubscribed with healthy participation from its existing shareholders, underscoring the strength of the franchise.
Mr. Majed Essa Al Ajeel, the chairman of Burgan Bank commented: “We are very pleased with the results of the rights issue and grateful for the support and trust that our shareholders have put in us. The oversubscription reflects their confidence in the bank’s performance and its future prospects.”
The Rights Issue represents a 10.6% of increase in the issued ......read more
Abu Dhabi- May 31, 2015– Gulf Capital, one of the largest and most active alternative investment firms in the Middle East, received dual recognition at the Banker Middle East Awards yesterday when its flagship GC Credit Opportunities Fund I was voted as the “Best SME Credit Fund” in MENA and when the firm received the “Best Private Equity Firm” accolade for the 5th ......read more
UAE, May 12, 2015- REACT, an international not-for-profit cooperative association fighting the trade in counterfeit goods, has named the Arabian Anti-Piracy Alliance (AAA) as its strategic partner in the GCC in the efforts to combat piracy and the proliferation of counterfeit products. The AAA was selected by REACT for its contributions and extreme dedication in curbing piracy in the Middle East ......read more
Q1 2015 MENA M&A deal value increases by 9% compared to Q1 2014
69% of MENA executives expect the deal market to remain stable in 2015 according to EY’s Capital Confidence Barometer
Dubai, 05 May 2015: Announced deal value in MENA increased from US$8.2b in Q1 2014 to US$8.9b in Q1 2015, an increase of 9%, according to EY’s Q1 MENA M&A Update. In Q1 2015, 90 deals ......read more
Securitas UAE – the global knowledge leader in security services, has carved a niche with its value-added security solutions and expertise tailored to specific demands in the UAE and the region amidst surging terror and crime incidents across the globe.
With its world-class services, Securitas UAE has achieved exponential growth in 2014, continuing the upward trend over the last three ......read more
Dubai, 06 April 2015 - Henley & Partners announces an innovative partnership with the United Nations High Commissioner for Refugees (UNHCR) and donates more than USD 1 million to help the global refugee cause.
Henley & Partners, the global leaders in residence and citizenship planning for wealthy individuals and families, has announced the creation of an innovative partnership with the ......read more
Positive market development is raising the levels for all
A recent study by The Boston Consulting Group shows that Middle East banking revenues continued to grow and reach double-digit rates in 2014 with a 10 percent increase, while profits rose by 14.7 percent. Increases in operating costs exceeded revenue growth by 10.7 percent. At an aggregate level, provisions for bad loans decreased by ......read more
Sharia-compliant assets in the UAE crossed the US$100b milestone for the first time
UAE Islamic banking industry was estimated to be worth US$127b in 2014
DUBAI, 29 MARCH 2015: The UAE is en route to achieve US$263b of Sharia-compliant assets by 2019 according to EY’s World Islamic Banking Competitiveness (WIBC) report. The industry was estimated to be worth US$127b in 2014, thus ......read more
Region’s leading annual industry conference adds new exhibition component to line-up as IT investment by MEA financial community hits US$4.3 billion in 2014; trend set to continue as customers demand faster, simpler, smarter access and products plus 24/7 connectivity
The annual Middle East Retail Banking Forum & Expo returns to Dubai from 6-7 April 2015 for its 10th anniversary ......read more
Nation’s online shopping totals USD 200 million in 2014; payment solutions firm BPC to spotlight e-commerce and fraud solutions at upcoming banking tech summit
BPC Banking Technologies, the leading provider of Open System payment solutions, today announced its participation at the 2015 installment of the Banking Tech Levant Summit in Amman, Jordan, over March 2 and 3. This edition of the ......read more
Over 1800 business meetings arranged at this premier MICE & Business travel congress
(Dubai, 1 March 2015) – The 3rd edition of MICE Arabia Congress, which was held on February 22-23, 2015 at the Ritz-Carlton Dubai International Financial Centre (DIFC), was concluded with success as it welcomed more than 300 attendees from some of the leading organisations in the Middle East involved ......read more
UAE, 4 February, 2015 - Brazil continues to cement its bilateral trade relations with Arab countries as reflected in a surge in exports from the region. According to statistics released by the Arab-Brazilian Chamber of Commerce (ABCC), collective exports from the Arab World to Brazil recorded a substantial increase in 2014 to reach a total of USD 11,427 billion. The key products imported from the ......read more
Industry to Witness Rapid Growthas Employee Benefits become Determining Factor for Successful Recruitment in Region’s Competitive Business Environment
DUBAI, United Arab Emirates: Insurance and savings penetration will continue to rise in 2015 due to developing regulations and increased awareness about the importance of financial security, according to Nexus Group, the region’s ......read more
[UAE, December 9, 2014] - DuPont recently organized its first-ever demonstration in Kuwait of the Thermo-Man® life-sized instrumented mannequin system, one of the most advanced thermal burn injury evaluation devices, which was held at the capital’s Kuwait Fire Services Directorate Complex. The demonstration was aimed at providing more safety and protection to the country’s oil and ......read more