KuwaitPR.com, Online Press Release from Kuwait
Featured in Banking and Investments
'Burgan Bank announces names of the daily lucky winners of Yawmi account draw'

Kuwait –  July 8, 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:    1. KHAIRIYAH IBRAHIM MARAFI   2. VAIKUNTA RAJA CHENGIAH RAJA   3. ABDULHADI MOHAMMAD SADEQ ALMOUSAWI   4. MOHAMMAD ABDULLAH ALI   5. AHMAD ADEL MOHAMMAD GHULOUM   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. ......read more

Burgan Bank Customers Rewarded with Discounts at Salmiya Clinic

Kuwait – 6 July, 2019:  Presenting its clients with unique benefits and privileges, Burgan Bank customers can now enjoy valuable deals at one of the growing health centers in Kuwait, Salmiya Clinic. Ensuring its customers with the highest quality of medical services, all Burgan Bank cardholders can avail of the discounts that come under different specialties and sub specialties.  Keeping in line with the latest demands and expectations of the community, Burgan Bank customers can receive a 20% discount at the medical laboratory, 15% for diagnostics radiology and sonar, and 10% at the endocrinology clinic, nutrition clinic, and for laser and dental and oral facilities. For more information on Burgan Bank products or services, customers can contact the personal banking executive at the branch, or contact the ......read more

Burgan Bank K.p.s.c. Successfully Issues Us$500,000,000 Perpetual Tier 1 Capital Securities

Kuwait – 02 July 2019:  Burgan Bank K.P.S.C., the second largest conventional bank by assets size in Kuwait, announced it has successfully placed Perpetual Tier 1 Capital Securities in the international debt capital markets. The securities comply with the Basel III regulatory framework that's adopted by the Central Bank of Kuwait.  The transaction came on the back of a comprehensive global roadshow, covering the key financial centers in London, Hong Kong, Singapore, Abu Dhabi and Dubai. Following strongly positive feedback from the roadshow, the orderbook saw strong momentum from investors globally, which allowed the Bank to ultimately place US$500,000,000 Perpetual Tier 1 Capital Securities at a yield of 5.750% (which translates to a margin of 400.7bps over the 5-year US Treasury Rate). The transaction saw ......read more

Joyalukkas Exchange opens branches in 3 new locations in Kuwait

June 26,  2019: Joyalukkas Exchange, the money exchange arm of Joyalukkas Group, further enhanced its presence in the Kuwait region with the inauguration of 3 new branches.  The new branches were inaugurated by Mr. Antony Jos, Director, Joyalukkas Exchange in the presence of other dignitaries and customers. “Kuwait is a key market for Joyalukkas Exchange, we have a strong history here with our jewellery business and the response to our Exchange business has been as positive. I take this opportunity to thank the residents of Kuwait for their patronage and support and hope our 3 new outlets make their access to one of the Joyalukkas Exchange centers more convenient. At Joyalukkas Exchange, we are committed to serving our customers with the fastest, convenient, most innovative and best value in Money Exchange ......read more

Burgan Bank announces names of the daily lucky winners of Yawmi account draw''

Kuwait –  June 23, 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:    • HAROUN ABD ALHUSSAIN MOHAMMAD BAHMAN   • ADEL MAHMOD MOHAMMAD BIN NEKHI   • MOHAMMAD ABDULLAH ALI   • MUSAED ABDULLAH HOMOUD ABDULLAH   • ABBAS AHMAD HAMAD ALHADDAD   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 ......read more

Burgan Bank's Introduces Exciting Summer Campaign “spend & win 200% cash back”

Kuwait – 16 June, 2019:  In line with the latest trends to provide its customers with the most innovative offers, Burgan Bank recently launched a new and compelling summer campaign “Spend & Win 200% cash back”. Continuously keeping abreast of customers’ expectations and seasonal demands, the Cash Back draw entitles its credit, debit and prepaid cardholders a chance to gain back  double  their spending when using their cards locally and internationally.  Creating opportunities for more winners, the summer offer is designed as a three month campaign starting from 16th of June to 29th of September 2019 with minimum spending’s of KD 200 per month to be eligible to enter the draws. Burgan Bank’s new campaign will announce five winners during July and August and 10 winners ......read more

Burgan Bank announces the new winner of the Al Thuraya Salary Account Monthly draw'

Kuwait – 11 June 2019:  Burgan Bank, announced today Mr. HUSAIN MUSTAFA MOHAMMAD ALFAHAD 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 ......read more

Burgan Bank Announces Working Hours during Eid Al Fitr Holiday

Kuwait – 1 June, 2019:  Burgan Bank today announced that its airport branch will continue its operations during the upcoming Eid Al Fitr holiday. The branch will remain open 24 hours for seven days a week, to conveniently provide services to its clients during public holidays.  The contact center will also be at customers’ service over the clock at 1804080, to ensure customers enjoy services throughout the holiday period. On this occasion, Burgan Bank extends its best wishes and greetings to the public on the coming of Eid Al Fitr.

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Burgan Bank announces names of the daily lucky winners of Yawmi account draw'

Kuwait –  May 20, 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:    1. BAHERIN HAKIMUDDIN   2. NASER MOHAMMED MUBARAK ALRASHEEDI   3. MOHAMMAD ABDULBASET ALI   4. MUBARAK HUSSEIN MOHAMMED ALAJMI   5. ABDULMAJED AHMED ALBOHASAN   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 ......read more

Burgan Bank announces names of the daily lucky winners of Yawmi account draw

Kuwait –  May 20, 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:    1. BAHERIN HAKIMUDDIN   2. NASER MOHAMMED MUBARAK ALRASHEEDI   3. MOHAMMAD ABDULBASET ALI   4. MUBARAK HUSSEIN MOHAMMED ALAJMI   5. ABDULMAJED AHMED ALBOHASAN   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. ......read more

Grandweld Shipyards launches tenth boat of KOC fleet

May 20, 2019:  The UAE-based, Grandweld Shipyards, recently announced the launch of its sixth pilot boat for Kuwait Oil Company (KOC). As per a contract signed in May 2017, the “MESKAN” is the final boat of ten – four crew transport boats and six pilot boats – that Grandweld was required to build for KOC’s fleet. With this launch, the total number of six deliverable pilot boats has been completed. Moreover, the remaining four boats that were already launched prior, will be delivered in June 2019 after full inspection and testing for sailing performance. The new “MESKAN” boat, which was specifically designed to meet the needs of KOC, was launched ahead of schedule as per the contract between Grandweld and KOC. In accordance with the classification standards of Lloyd's Register, ......read more

Burgan Bank offers Free Eideya Delivery Service to Premier Banking Customers'

Kuwait, 19 May 2019:  Burgan Bank announced today the free Eideya Delivery service to Premier Banking Customers in collaboration with “Qiblah” company for concierge services. This service enables Premier Banking customers to receive new bank notes before the Eid holidays at their offices or homes, avoiding the hassle of waiting in the branches at that time of the year.  To request this service, Premier customers can simply contact Qiblah concierge services starting 10 am until 4 pm, by calling 22317755 or emailing Burganpremier@qiblah.com.kw to request the amount of Eid money required and state their address in order for the concierge messenger to deliver it accordingly. Noting that this service is available from 19th of  May till 29th  of May 2019. It is worth mentioning that the Eideya ......read more

Burgan Bank offers Free Eideya Delivery Service to Premier Banking Customers

Kuwait, 19 May 2019:  Burgan Bank announced today the free Eideya Delivery service to Premier Banking Customers in collaboration with “Qiblah” company for concierge services. This service enables Premier Banking customers to receive new bank notes before the Eid holidays at their offices or homes, avoiding the hassle of waiting in the branches at that time of the year.  To request this service, Premier customers can simply contact Qiblah concierge services starting 10 am until 4 pm, by calling 22317755 or emailing Burganpremier@qiblah.com.kw to request the amount of Eid money required and state their address in order for the concierge messenger to deliver it accordingly. Noting that this service is available from 19th of  May till 29th  of May 2019. It is worth mentioning that the Eideya delivery ......read more

Burgan Bank Reports Net Income of KD 19.2mn for the First Quarter of 2019

Kuwait – May 15th, 2019:  Burgan Bank Group (Burgan) announced its financial results for the first quarter of 2019.    Beginning this year, Burgan has revised its financial statements’ closing process by changing the reporting date of its subsidiaries to one month earlier than the Group’s reporting date.   Accordingly, Burgan’s Q1’19 financial results include only two months’ (Jan’19 & Feb’19) results of its subsidiaries instead of three months (as included in the prior periods). This change will enable Burgan to accelerate its financial closing process & the required procedures for earliest possible release of the Group’s financial statements to its stakeholders.   Key highlights of Burgan Bank Group’s Q1’19 financial ......read more

Burgan Bank Sponsors TEDxAUK

Organized by AUK’s Center for Research in Informatics, Science and Engineering Kuwait – 13 May, 2019:  Burgan Bank, one of the leading supporters of creative initiatives and knowledge-transfer locally, recently sponsored the American University of Kuwait’s second TEDxAUK, organized by AUK’s Center for Research in Informatics, Science and Engineering (RISE) which was held at the Salwa Sabah Al Ahmad Hall.  Following last year’s successful TEDx platform that hosted an outstanding line-up of inspirational speakers, who shared their personal and professional success stories. This year,  Burgan Bank supported RISE Center under the umbrella of KIPCO - the Kuwait Projects Company (Holding).  The 2019 TEDXAUK saw vibrant discussions among student and non-student participants, spearheaded ......read more

Burgan Bank Renews Its Exclusive Partnership with Grand Cinemas

The only bank in Kuwait that offers its customers exclusive benefits, promotions and discount at Grand Cinemas  Kuwait, April 30, 2019:   Burgan Bank announces today its renewed partnership with Grand Cinemas commencing for another two years. The recent signing is part of the Bank’s continued commitment to accommodate its varied segment of customers with the latest and most fulfilling lifestyle benefits.  As part of the strategic partnership tie up, the bank will be offering additional benefits to its customers, which includes discounted cinema rates all week long for all customers and all account holders as well as free latest blockbuster screenings throughout the year. The discounted cinema tickets can be booked via the Grand Cinemas website - kw.grandcinemasme.com, its designated mobile app or through ......read more

Burgan Bank Organizes a Fun Day for Persons with Special Needs in Sheikh Jaber Al-Ahmad Cultural Center

In Cooperation with the Ministry of Social Affairs and Labor  Kuwait – April 16, 2019:  In cooperation with the Department of Public Events and Media in the Ministry of Social Affairs and Labor, Burgan Bank organized a fun day for persons with special needs at Sheikh Jaber Al-Ahmad Cultural Center. As part of Burgan Bank’s mission to integrate all segments into the society, the fun day falls under the Ministry of Social Affairs and Labors’ regular entertainment programs which constitutes several initiatives and recreational activities for the residents of the home.  Driven to highlight the importance of the special needs involvement within the social fabric of the Kuwaiti community, Burgan Bank organized the event to instill joy and happiness in the hearts of the special needs community by ......read more

Burgan Bank appoints Mr. Masaud Mahmoud Haji Jawhar Hayat as a Group Chief Executive Officer

Career spans over 44 years of experience in banking and investment  Kuwait –13 April 2019:   Burgan Bank is pleased to announce the appointment of Mr. Masaud Mahmoud Haji Jawhar Hayat as a Group Chief Executive Officer after obtaining the approval of the Central Bank of Kuwait and the Board of Directors as of April 11, 2019. This move is a positive step towards facilitating the continuous development of Burgan Bank as one of the pioneering banks in Kuwait, the Middle East, and North Africa. Mr. Masoud has a proven track record in banking, commercial and investment industries and asset management in the region. He has a backing of over 44 years of local and international expertise in executive, leadership, and supervisory positions in financial and banking institutions as well as investment companies. Mr. ......read more

Burgan Bank Sponsors Kuwait Banking Association's "Night Run" for the 2nd time in a row

Kuwait – 6 April, 2019:   Held under the umbrella of the Kuwait Banking Association, Burgan Bank, one of the leading contributors to sustainability and progress in the Kuwaiti community, is sponsoring the 5 KM “KBA Night Run” for the 2nd time in a row scheduled to take place on April 13, 2019 at 7 pm at Murooj complex. As part of Burgan Bank’s ongoing commitment to encourage sports as a gateway to maintaining a healthier lifestyle, the bank encourages the participation of all families, athletes and avid runners to sign up for the much anticipated marathon.  Running under the theme of ‘Ready, Set, Glow ‘, the 5 KM run is a one of a kind event as it takes place at night accommodated by particular gear to glow in the dark, targeting both genders of all age groups at any level of ......read more

Burgan Bank Appoints Mr. Hameed Mohammed Ali Abul as Chief Private Banking Officer

Kuwait – April 3, 2019:   Burgan Bank has appointed Mr. Hameed Abul as Chief Private Banking Officer after obtaining the approval of the Central Bank of Kuwait as of March 27, 2019. Mr. Hameed Abul is responsible for directing, formulating, overseeing and implementing the overall strategy of the Private Banking Group. He is also responsible for guiding and providing strategic direction and leadership to a profitable growth while ensuring revenue potential is realized in a low risk and cost-effective manner. Raed Al-Haqhaq, Chief Executive Officer of Burgan Bank - Kuwait said: “I would like to congratulate Mr. Hameed Abul on his new role as the lead to serve our high-net worth clients. As one of the most well-established wealth management service providers in Kuwait, we wish him luck and look forward to the ......read more

Burgan Bank Continues to Serve its Customers during “Al Esraa Wal Mearaj” Holiday at the Airport Branch

Kuwait - 2 April 2019:   Burgan Bank announces that its airport branch will serve its customers and resume the normal working hours during “Al Esraa Wal Mearaj” holiday, on Thursday, 4th of April, 2019. The branch operates 24 hours in an effort to accommodate banking requirements for travelers’ during the public holiday. On this occasion, Burgan Bank extends its best wishes and greetings to the public.  

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Burgan Bank Holds Annual General Assembly meeting and 2019 Shafafiyah Forum

Shareholders approve Distribution of 12 fils Cash Dividend and 5% Bonus Shares for 2018    Kuwait – March 30, 2019:   Burgan Bank held its Ordinary Annual General Assembly meeting and Al Shafafiyah Investors’ forum yesterday at the KIPCO Tower.    The Board of Directors presented the bank’s Full Year 2018 Financial Results to its shareholders, highlighting the solid performance delivered by the bank. The shareholders approved the payment of recommended Cash Dividend of 12 fils per share and the distribution of 5% Bonus Shares.     During the General Assembly, Burgan’s Board members for the next three years were elected, who are as follows:    1. Mr. Majed E. Al Ajeel  2. Mr. Masaud M. J. Hayat 3. Mr. Faisal M. Al Radwan 4. ......read more

Burgan Bank Brings its Customers an Offer to Enjoy at ‘Haleeb O Heil' Restaurant

Kuwait – 18 March, 2019:   Burgan Bank is inviting its customers to enjoy a 10% discount at one of the most popular restaurants in Kuwait, “Haleeb O Heil”.  The latest offer is part of the Bank’s aim to ensure every customer receives the chance to experience a wide range of priveleges.  With over five branches in Kuwait and one in Dubai, “Haleeb o Heil” incorporating a modern approach to its offerings, the restaurant offers a diverse range of cuisines while is particularly known for its traditional Kuwaiti food. In the same way, “Haleeb O Heil” offers classical traditional music that creates an entertainment and lively atmosphere, meanwhile, the customers enjoy their meals.

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Burgan Bank Supports Kuwaiti Project for Special Needs Exhibition for the Second Consecutive Year

Kuwait – 09 March 2019:  For the second year in a row, Burgan Bank successfully concluded its sponsorship of the Kuwaiti Project for Special Needs Exhibition that took place on 20 February 2019 under the patronage of Shaikha Sheikha Al Abdullah Al Sabah. Burgan Bank representatives presented how the special needs segment are fully accommodated with a comprehensive banking experience backed by enhanced accessibility and modern world-class technological applications. The annual exhibition is conducted to showcase Kuwait’s concentrated efforts in facilitating their overall requirements and ensuring the optimal comfort of the special needs segment. In support of the Central Bank of Kuwait’s instructions and regulations, Burgan Bank has maintained 6 fully-equipped branches at convenient locations, in Adaliyah, Bayan, ......read more

Burgan Bank's Five Lucky Daily Yawmi Account Draw Winners Take Home KD 10,000

During the National and Liberation celebratory season   Kuwait – 28 February 2019 – In conclusion of Burgan Bank’s special festive offer held during Kuwait’s most celebrated month, the Bank announced today the names of the Yawmi daily draw winners who received a cash-prize of KD 10,000 each.    The lucky winners are: 1. ABDULLAH MOHAMMAD QATEA ALENEZI 2. KAFI SHALLAL OBAID ALENEZI 3. GHASSAN MOHAMMAD ZEIN 4. FIFY MAHER MOHAMED ELNABRAWY 5. ESAM MUSAED MOHAMMAD ALMAILAM   This National and Liberation celebratory season, Burgan Bank welcomed its customers to a grand draw that granted the daily winners of its Yawmi account draw, with double the amount of its regular cash-prize of KD 5,000.    For more information on opening a Yawmi account, the new ......read more

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EY to acquire Integrc, further boosting its governance, risk and compliance consulting services…

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Western Union extends its WU Wish Programme to Kuwait…

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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

Inbound deal value increases five-fold in Q1 2015: EY…

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 offers peace of mind with its holistic security approach…

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

Henley & Partners Forges Partnership with UNHCR to Support Global Refugee Cause…

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

GCC banks continue double-digit growth momentum…

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

The UAE Islamic banking sector is en route to achieve US$263b by 2019…

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

Digital migration to dominate discussions at 10th Retail Banking Expo & Forum…

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

30% Surge in Jordan's E-Commerce Spurs Demand for Fraud Solutions…

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

QnA International wraps up successful MICE Arabia Congress 2015…

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

USD 11,427 billion Arab World Exports to Brazil in 2014…

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

Leading Insurance Broker in the GCC Expects Increasing …

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

DuPont successfully conducts first-ever demonstration in Kuwait of Thermo-Man®…

[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

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