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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

Burgan Bank Conducts Successful ‘Team-Building Day' for Employees

Applying world-class learning events to foster a positive workplace culture Kuwait – 21 February 2019: Burgan Bank, a leading banking institution and sought-after career destination, recently held a fun-filled day of team-building activities to enhance cross-functional communication and collaboration. The bank’s initiative aimed to elevate employee skills through innovative training techniques and global best practises in a relaxed and engaging environment. The team building event took place at Safir Fintas Hotel in Kuwait. In an effort to boost team spirit and upgrade capabilities, Burgan Bank’s staff and leadership were inspired to work in teams, celebrate achievements together and maximize interdepartmental collaboration through a plethora of interactive activities. These activities were designed with clear ......read more

Burgan Bank Launches First-of-its-Kind Interactive Bank Statement in Kuwait

Driven to enhance overall banking experience Kuwait, 19 February 2019:  Burgan Bank, one of the most innovative banks in Kuwait, recently launched the first-of-its-kind interactive statement as part of its ongoing digital evolution. Keeping in line with the latest technological applications in banking, the eco-friendly interactive e-statements will enable Burgan Bank’s customers to view their account details in an interactive manner, instead of the traditional static version. Expanding on the eco-friendly email statements platform, the new interactive offering delivers optimal convenience through a dynamic search and sort feature, personalized infographics and a single point view of the entire relationship with the Bank, ensuring a differentiated experience. While the traditional statement that comes in a PDF ......read more

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

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