Latest from Banking, Investments, Money, Insurance, Futures, Stock in Kuwait and Middle East

Banking, Investments, Money and Insurance

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 ......Read More

Monday, February 11, 2019

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 ......Read More

Monday, February 11, 2019

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 ......Read More

Saturday, February 9, 2019

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 ......Read More

Thursday, February 7, 2019
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 ......Read More

Tuesday, February 5, 2019

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

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 ......Read More

Monday, February 4, 2019

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 ......Read More

Wednesday, January 30, 2019

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 ......Read More

Tuesday, January 8, 2019
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 ......Read More

Sunday, December 30, 2018

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 ......Read More

Saturday, December 29, 2018

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 ......Read More

Sunday, December 23, 2018

Burgan Bank Employees Attend Exclusive Workshop on Planning for Impact - Frameworks for CSR Initiati ...

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 ......Read More

Thursday, December 20, 2018
Burgan Bank Employees Successfully Conclude Participation in the ‘Productivity, Engagement & Peak Pe ...

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 ......Read More

Saturday, December 15, 2018

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 ......Read More

Monday, December 10, 2018

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 ......Read More

Monday, November 26, 2018

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 ......Read More

Monday, November 26, 2018
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 ......Read More

Sunday, November 25, 2018

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 ......Read More

Monday, November 19, 2018

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 ......Read More

Wednesday, October 31, 2018

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 ......Read More

Tuesday, October 30, 2018
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 ......Read More

Monday, October 29, 2018

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 ......Read More

Wednesday, October 24, 2018

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 ......Read More

Tuesday, October 23, 2018

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 ......Read More

Saturday, October 20, 2018
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 ......Read More

Sunday, October 14, 2018

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

Kuwait – 10, October 2018: Burgan Bank, announced today Mr. MUSTAFA SHAIKH ALI HUSAIN 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 ......Read More

Wednesday, October 10, 2018

Burgan Bank concludes "Decision Making Skills" workshop in cooperation with "Knowledg ...

Providing its employees with new business development skills by making the best decisions Kuwait, 9 October 2018: Burgan Bank recently participated in the ‘Decision Mojo’ workshop by leading knowledge transfer platform, Knowledge Club, as part of its long-term commitment to employee development and strengthening of ......Read More

Tuesday, October 9, 2018

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

Kuwait – October 7, 2018: 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: LATEEFAH MOHAMMAD HAMAD ALBUSAILI RAED AHMAD ALDABBOUSI ALQUT EMAN SULAIMAN AHMAD ALZAMEK BADER ESAM BADER ALESSA FATEMAH ......Read More

Sunday, October 7, 2018
Second & Third Batch from Burgan Bank Successfully Complete

The Leadership Challenge® Complete Model Kuwait- 3 October 2018: To further solidify its position as a dynamic financial powerhouse, Burgan Bank recently concluded The Leadership Challenge® (an evidence-based global leadership development program) with the second and third batch of internal management. Continuing to ......Read More

Wednesday, October 3, 2018

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

Kuwait – 23 September 2018: Burgan Bank, the second largest in terms of assets, 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: HAYDAR HASAN ABDULLAH ALMUHANNA NASER ABDULAZIZ ABDULLAH ALAWADHI GHAZI MOHAMMAD ......Read More

Sunday, September 23, 2018

Burgan Bank Group Commenced Today its Rights Offering to raise up to KD62.55 million

Issuing up to 240.58 million shares at KD 0.260 per share Kuwait – September 19, 2018: Burgan Bank, Kuwait’s second largest conventional bank by assets, announced today that it commenced its Capital Rights Offering process to raise up to KWD 62.55 million of additional capital. The subscription period will end on the ......Read More

Wednesday, September 19, 2018

Burgan Bank Group is currently not experiencing any material impact on its profitability

Mr. Al-Ajeel: “Our business model is solid and well prepared to handle volatility if it persists.” Hedging strategy on investment in Burgan Turkey’s capital protects it against currency volatility Kuwait, 18/September/2018: Burgan Bank Group (the Group) announced today that its Turkish subsidiary, Burgan ......Read More

Wednesday, September 19, 2018
Burgan Bank Collaborates exclusively with Al Kazemi Travel & Tourism to Offer Exclusive Discounts

Kuwait - 15, September 2018: Burgan Bank announced its latest exclusive partnership with Al Kazemi Travel & Tourism that will entitle its customers with an exclusive 10% discount on airline tickets. The new offer that is available on First, Business and Economy Class seats enables Burgan Bank customers to enjoy the experience of ......Read More

Saturday, September 15, 2018

Burgan Bank Provides New Summer Trainees Modern Banking Experience

Kuwait- 25 August 2018: Burgan Bank, a sought-after career destination providing opportunities for young achievers to shine and progress, recently selected and trained 20 interns’ girls and boys from secondary school during the summer. Organized by Burgan Bank’s Learning and Development Center, the annual summer ......Read More

Saturday, August 25, 2018

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