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Burgan Bank Convenes its 57th Ordinary General Meeting

Burgan Bank Convenes its 57th Ordinary General Meeting

Thursday, June 23, 2022/ Editor -  

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Mr. Masoud M. J Hayat and Mr Raed Abdullah Al Haqhaq during the 57th AGM

 Attendees at the AGM

Kuwait- June 23d, 2022:  Burgan Bank has convened its 57th Annual General Assembly meeting on Wednesday 22nd of June at KIPCO Tower with a quorum of 85.138%. During the meeting, all the items on the Assembly’s agenda were approved, including the nomination of the Board of Directors for the 2022-2024 board cycle. In conformity with the Central Bank of Kuwait’s mandate on independent Board membership, Burgan Bank shareholders have elected five independent board members with proven leadership and extensive expertise. 


Following its first meeting, the new Board of Directors announced that it has elected Sheikh Abdullah Nasser Sabah Al Ahmad Al Sabah as a new Chairman to succeed Mr. Majed Essa Al Ajeel, who chaired Burgan Bank’s Board for the past 12 years. 
On this occasion, Sheikh Abdullah Nasser Sabah Al Ahmad Al Sabah, Burgan Bank’s Chairman stated: “I am confident that, with the expertise and capabilities of the Board members, and the trust of our esteemed shareholders, we can keep steadily advancing Burgan Bank towards further sustainable development, growth and excellence.” 


Sheikh Abdullah Nasser Sabah Al Ahmad Al Sabah further added “I would like to thank Burgan’s executive management and all the Bank’s employees for their dedication and perseverance that led to the positioning of Burgan Bank as one of the leading financial institutions in Kuwait”, he added. 


Mr. Masoud M.J. Hayat, Burgan Bank’s Vice Chairman and Group Chief Executive Officer, declared: “Today we welcome the new Board Chairman and members, wishing them success in their mission during the new cycle. We will continue, with the expected support of the Board of Directors, to successfully implement the Bank's plans and strategy. With this new cycle, we will pursue our strategic course and focus closely on diversifying our business offerings, expanding our product portfolio and accelerating our investment in innovation and digital transformation.”


Burgan Bank’s Board of Directors members elected for the next three-year term, are as follows:


Chairman: Sheikh Abdullah Nasser Sabah Al-Ahmad Al-Sabah
Deputy Chairman: Mr. Masoud M. J Hayat
Member: H.E Abdulkareem El-Kabariti 
Member: Mr. Abdullah Mohammed AlSharekh
Member: Mr. Faisal Mansour Sarkhou
Member: Mr. Mazen Issam Hawwa
Independent Member: Mr. Fouad Husni Douglas
Independent member: Mr. Faisal Mohammed Al-Radwan
Independent member: Dr. Amani Khalid Bouresli
Independent member: Mr. Sager Abdullah Al-Sharhan
Independent member: Mr. Michel A. Accad


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