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 solid understanding of the market and banking industry, Mr. Al-Haqhaq is the right professional to lead our operations in Kuwait. We have every confidence that under his leadership Burgan Bank- Kuwait will continue its solid performance achieving its strategic goals and capitalizing on opportunities ahead. On behalf of myself and Board, we wish him all the success in his new role.” 

Mr. Al-Haqhaq commented: “I am honored by the trust the Chairman and Members of the Board have placed in me. I look forward to this next phase in my career. Under the direction of the Board, the support of the executive team and with the diligence of commitment of our employees, I am confident that Burgan Bank – Kuwait will continue in its current trajectory, delivering high quality results and creating value for all of its stakeholders.”  

Mr. Al Haqhaq is an industry veteran with more than 20 years of local and international banking experience in various sectors which include corporate, private, and investment banking. While heading different business groups, Mr. Al-Haqhaq was responsible for numerous achievements and noticeable growth in performance and profits.  Mr. Al-Haqhaq holds a Bachelor of Science majoring in Strategic Management from California State University, Sacramento, USA.