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

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

Burgan Bank Wins Elite J.P. Morgan Quality Recognition Award for 2018

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

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

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

Burgan Bank Concludes its Sponsorship of the Ministry of Electricity and Water Team

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

Burgan Bank Sponsors Ahmadi Music Group's Biggest Concert in Kuwait's History

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

Burgan Bank attends the Institute of Banking Studies (IBS) Annual Graduation Ceremony which Honors its Employees

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

Burgan Bank's Cricket Team Wins Prestigious Kuwait Cricket Bank League Championship Cup Trophy

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

Burgan Bank Conducts Emergency Evacuation Drill for Staff

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

Burgan Bank's airport branch resumes normal working hours during New Year's holiday

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.

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Burgan Bank Successfully Issues KWD 100 Million Bonds in the Local Market

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

Burgan Bank Increases Authorized Capital in its 34th Extra-Ordinary General Meeting

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

Burgan Bank Employees Attend Exclusive Workshop on Planning for Impact - Frameworks for CSR Initiatives” organized by En.v & Pearl Initiative

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

Burgan Bank Employees Successfully Conclude Participation in the ‘Productivity, Engagement & Peak Performance' Conference

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

Burgan Bank Appoints Raed Al-Haqhaq as Chief Executive Officer for its Kuwait Operations

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

Jean-Damien Marie appointed as Head of Investments EMEA in Barclays Private Bank & Overseas Services

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

Burgan Bank Sponsors ‘Waves of Brazil' for the Second Consecutive Year

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

INJAZ Al-Arab Gears-up for the 12th Annual Young Arab Entrepreneurs Competition to be held in Kuwait

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

Burgan Bank Invites Every Kid to the ‘International Children's Day' Festival' at the Avenues Mall

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

Burgan Bank Celebrates Successful Graduation of Young Bankers

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

Burgan Bank Offers Exclusive Discount to Youth Customers on Richards Coffee Bar

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

Burgan Bank Announces Another Strong Quarter

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

Burgan Bank Sponsors the First “Awaken Festival” in Collaboration with en.v

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

Burgan Bank Hosts the “Job Shadow” Program in Collaboration with INJAZ Kuwait

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

Burgan Bank Holds Annual Awareness Campaign ‘Together Against Breast Cancer'

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

Burgan Bank Group successfully completes its Rights Issue

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

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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

Arabian Anti-Piracy Alliance named as REACT partner for the GCC…

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

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

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