Illuminating its headquarters to serve as a beacon of hope against gender-based violene Kuwait, 3 December 2024 Burgan Bank announced joining forces with Soroptimist Kuwait in a powerful display of solidarity for the global “Orange the World” campaign, in line with the directives of the General Secretariat of the Supreme Council for Planning and Development. Taking place from November 25 to December 10, this annual initiative highlights the importance of ending all forms of gender-based violence and promoting a brighter, safer future for women and girls worldwide, with this year’s theme being “Educate to Empower”. Casting a radiant glow across Kuwait's skyline, and as part of its support, Burgan Bank’s headquarters will be illuminated in orange throughout the campaign period to symbolize ......read more

Kuwait, 2 December 2024: Kuwait International Bank (KIB) has been recognized by the World Union of Arab Bankers (WUAB) with the prestigious “Excellence in FinTech Innovation & Digital Leadership in Kuwait for the Year 2024” Award. Presented to the Bank during the 10th Arab Banks Awards and Commendations of Excellence 2024 ceremony held in Cairo by the union’s Banking Executive Magazine, this accolade reflects KIB’s unwavering commitment to advancing financial technology and driving digital innovation across the Kuwaiti banking sector. The rigorous selection process conducted by the Awards Committee was based on comprehensive criteria and data spanning 2023 and 2024. The criteria included commitment to fintech innovation, AI and machine learning integration, focus on cybersecurity and data privacy, digital ......read more

In line with its commitment to advancing digital transformation in Kuwait and supporting national SMEs Kuwait, 29 November 2024 Burgan Bank announced its participation in Kuwait’s biggest technology and innovation event, Nexus 2024, as a platinum sponsor. The event is scheduled to take place on 5-7 December at The Arena Kuwait under the patronage of H.E. the Minister of State for Communication Affairs Omar Al-Omar, with an expected turnout of 30,000 visitors and 60 leading companies from diverse sectors. Burgan Bank’s sponsorship is an extension of its efforts to share the latest developments in its digital transformation and innovation journey with the market’s most impactful institutions, in addition to showcasing its digital initiatives’ alignment with the Kuwait Vision 2035. “We are very ......read more

Kuwait, 28 November 2024: Kuwait International Bank (KIB) announced that it will continue to provide its online banking services around the clock during the day of the 45th Supreme Council of the Gulf Cooperation Council (GCC) Summit, which will be hosted in Kuwait. The Bank aims to meet the needs of its customers, whether inside Kuwait or abroad, during the holiday. The Bank will be closed for business on Sunday, 1 December 2024, in observance of the GCC Summit. Normal working hours will resume on Monday, 2 December 2024. KIB highlighted its commitment to serving its customers and enabling them to follow up on their financial affairs and complete their banking transactions with the utmost efficiency and without disruption at all times. The Bank indicated that it will continue to provide its banking services through all its digital ......read more

The best account of its kind in Kuwait in terms of the number of winners and offering the highest monthly expected returns Kuwait, 25 November 2024: Kuwait International Bank (KIB) announced the winners of the weekly draw held under the Al Dirwaza account’s 2024 campaign, which is distinguished by the highest number of winners throughout the year. The fourth weekly draw, based on customers’ October deposits, recently took place in the presence of representatives from the Ministry of Commerce and Industry, as well as representatives from the Bank. The KD 1,000 prize was awarded to Loyal Dsouza Isac Dsouza, Mohammad Hadi Barrak Aldousari, Nawal Abdullah Barrak Lafi, Hamid Albarjas, Khalid Abdulmohsen Khalid Alkhuzam, whilst the KD 500 prize was awarded to Nesreen Mohammad Khair Alsharif, Mohamed Shehata Ismail Ali, ......read more

The best account of its kind in Kuwait in terms of the number of winners and offering the highest monthly expected returns Kuwait, 25 November 2024: Kuwait International Bank (KIB) announced the winners of the weekly draw held under the Al Dirwaza account’s 2024 campaign, which is distinguished by the highest number of winners throughout the year. The fourth weekly draw, based on customers’ October deposits, recently took place in the presence of representatives from the Ministry of Commerce and Industry, as well as representatives from the Bank. The KD 1,000 prize was awarded to Loyal Dsouza Isac Dsouza, Mohammad Hadi Barrak Aldousari, Nawal Abdullah Barrak Lafi, Hamid Albarjas, Khalid Abdulmohsen Khalid Alkhuzam, whilst the KD 500 prize was awarded to Nesreen Mohammad Khair Alsharif, Mohamed Shehata Ismail Ali, ......read more

Pace’s Palace of Justice project sets a new benchmark in architecture, bringing Kuwait’s Vision 2035 to life Kuwait, 25 November 2024: Kuwait’s New Palace of Justice – POJ – project, a transformative development and architectural landmark, has been awarded the title of ‘MENA Winner’ in the Building Project of the Year category at the prestigious 2024 MEED Projects Awards, sparking a wave of national pride for elevating Kuwait’s standing on the world stage. This award-winning unique collaboration between the Amiri Diwan, the Ministry of Justice, and leading multidisciplinary consultancy firm Pace, underscores the powerful efforts and everlasting impact made with a Kuwaiti firm designing and building for Kuwait. The Palace of Justice plays a pioneering role in redefining Kuwait’s ......read more

New branch focuses on providing tailored financial solutions to support business growth and operational efficience Kuwait, 25 November 2024 In line with its nationwide network expansion efforts, Burgan Bank announced the opening of its newest corporate branch in Sabhan, strategically positioned to cater to the expanding business community in the area. This new branch underscores the Bank's commitment to delivering personalized banking services tailored for corporate clients while facilitating efficient daily operations. The Sabhan branch complements Burgan Bank’s existing network of corporate branches, including those at the Bank’s Head Office and Al-Shaheed Tower, further enhancing the Bank's ability to serve businesses throughout Kuwait. With services designed for routine banking needs such as account ......read more

Kuwait, 24 November 2024: Kuwait International Bank (KIB) announced the ongoing strengthening of its strategic partnership with the Union of Cooperative Societies in Kuwait. This collaboration aims to promote banking and financial literacy while making banking services and products easily accessible to customers as they shop at cooperative societies across Kuwait. This initiative supports the "Let's Be Aware" (Diraya) campaign, launched by the Central Bank of Kuwait (CBK) and the Kuwait Banking Association (KBA) in collaboration with local banks. In this regard, Musab Al-Shalan, Deputy General Manager - Retail Banking Department at KIB, met with the President of the Union of Cooperative Societies Musab Al-Mulla at the Union’s headquarters. Representatives from the cooperative societies participating in ......read more

Under the umbrella of its comprehensive social responsibility program and its efforts to elevate the work environment by focusing on employee wellbeing  Kuwait, 24 November 2024 Burgan Bank hosted a workshop on the detection and prevention of prostate cancer in collaboration with Kuwait Hospital, as part of its continued efforts to raise vital health awareness amongst its staff. The workshop, delivered by Urology Consultant Dr. Faisal AlHajeri at Burgan head office, is one of several activities the Bank has planned for the Prostate Cancer Awareness Month of November, as part of Burgan’s comprehensive social responsibility program. Hosting the workshop is also driven by the Bank’s strategy to instill the principles of sustainability into its operations and elevate the work environment by keeping an eye on employee ......read more

Kuwait, 23 November 2024: Kuwait International Bank (KIB) recently concluded its participation in International Fraud Awareness Week, running a comprehensive anti-fraud awareness campaign on its social media platforms, in addition to launching numerous initiatives to raise banking awareness. This initiative comes as part of KIB’s continuous support of the “Let’s Be Aware” (Diraya) financial awareness campaign, which aims to promote financial literacy across diverse segments of the community to help protect them from falling victim to fraud. Commenting on the occasion, Basil Al-Suwaidan, General Manager of the Information Security, Privacy and Anti-Fraud Department, said: “We are delighted with the enthusiastic engagement and responses from our customers and the community throughout the week-long ......read more

The best account of its kind in Kuwait in terms of the number of winners and offering the highest monthly expected returns Kuwait, 21 November 2024: Kuwait International Bank (KIB) announced the winners of the weekly draw held under the Al Dirwaza account’s 2024 campaign, which is distinguished by the highest number of winners throughout the year. The third weekly draw, based on customers’ October deposits, recently took place in the presence of representatives from the Ministry of Commerce and Industry, as well as representatives from the Bank. The KD 1,000 prize was awarded Khalifah Abdullah Mohammad Almuraikhi, Abdulmohsen Haidar Abbas Yateem, Mohammed Atef Mohamed Abdullah, Shaikhah Khaled Mohammad Alholi, and Abdullah Faheed Hamad Alajmi, whilst the KD 500 prize was awarded to Eissa Mohammad Mahmoud Ali, Abdullah ......read more

Confirming its commitment to advancing Kuwait’s sports sector and empowering its aspiring female talents Kuwait, 21 November 2024 Burgan Bank announced sponsoring the women’s handball and volleyball teams at Salwa Al-Sabah Sport Club during the fall/winter season; its latest effort to support the growth and development of Kuwait’s sports sector and the advancement of its athletic talents. This comes as part of Burgan Bank’s comprehensive social responsibility program and steadfast commitment to incorporating Environmental, Social, and Governance (ESG) considerations into its operations and activities. It also reflects the Bank’s dedication to empowering Kuwaiti women to excel in their fields of interest and to represent the nation in the different regional and international arenas. “We ......read more

Kuwait, 20 November 2024: In a new effort to elevate its elite customers’ banking experience, Kuwait International Bank (KIB) announced that all Visa Infinite credit card holders are eligible for free valet parking at 57 prime locations across Kuwait. This comes as part of the Bank’s commitment to offering credit card holders access to a world of exclusive benefits and upholding its promise to be a “Bank for Life”. Commenting on the new offer Faisal Al-Shuwaired, Assistant General Manager of Retail Banking at KIB, said: “Associating our credit cards with privilege and convenience is a defining feature of the banking experience we offer our customers, especially our esteemed Black segment customers. We strive to add unbounded ease to our credit holders’ everyday experiences, such as enjoying the ......read more

Kuwait, 19 November 2024: Kuwait International Bank (KIB) has announced the draw winners of its ‘Win with KIB Rewards’ campaign for the month of October. Running monthly until the end of the year, the campaign aims to reward customers who use KIB’s Banking App to open an Al Dirwaza account, issue a Multicurrency prepaid card, or open a deposit investment of any kind. The sixth batch of winners who won 3,000 reward points each are Ahmed Abdelraouf Elsayed Abdelrahman, Danah Mohammed Abdullateef Alshuwatti, Abdulaziz Waleed Abdullah Alsane, Hebah Ibrahim Abdullateef Abu Sewan and Anwar Hamed Sayed Alrifaei. Commenting on the occasion, Nawaf Al-Khrayef, Assistant General Manager of the Retail Banking Department at KIB, said: “We are delighted to congratulate the sixth group of winners in this exceptional campaign, ......read more

Kuwait, 18 November 2024: Kuwait International Bank (KIB) announced its participation in International Fraud Awareness Week with a comprehensive awareness campaign across all its digital platforms, alongside various initiatives aimed at increasing public awareness of financial fraud risks and prevention methods. This campaign reflects KIB's ongoing commitment to promoting banking awareness, enhancing financial literacy, and offering guidance to help protect customers from fraudulent activities. Additionally, it marks KIB's fourth consecutive year supporting the "Let’s Be Aware" (Diraya) campaign, an initiative launched by the Central Bank of Kuwait (CBK) and the Kuwait Banking Association (KBA) in collaboration with local banks. Commenting on the occasion, Basil Al-Suwaidan, General Manager of ......read more

Kuwait, 17 November 2024 – Ooredoo Kuwait, a trailblazer in telecommunications and digital solutions, is reaffirming its commitment to corporate responsibility by investing in the health and well-being of its employees. Anchored in its Environmental, Social, and Governance (ESG) strategy, the company has rolled out its annual wellness campaign, spotlighting physical and mental health through an array of educational and preventative initiatives. Timed to coincide with World Diabetes Day, Ooredoo Kuwait’s Human Resources team hosts annual health-focused events at its flagship Ooredoo Tower. Collaborating with top-tier healthcare providers, the company offers employees complimentary blood sugar tests, comprehensive health check-ups, and personalized consultations with leading medical professionals. Visiting diabetes ......read more

Kuwait, 17 November 2024: Kuwait International Bank (KIB) signed a strategic partnership agreement with Med Cell, a subsidiary of Mazaya, aiming to launch and develop the 'Salamtek' platform. This advanced digital platform offers a comprehensive range of health services for users. The agreement was signed on behalf of KIB by Vice Chairman and CEO Mr. Raed Bukhamseen, and on behalf of Med Cell by Chairman Mr. Eid Al-Rashidi. This strategic partnership with the 'Salamtek' platform marks an advanced step toward building an integrated ecosystem of solutions that combines banking and healthcare services, specifically designed to fit the lifestyle of each customer segment and support their needs. This initiative aligns with KIB's role as a leading national institution and a trusted financial partner, in line with its ......read more

Kuwait, 14 November 2024: Kuwait International Bank (KIB), represented by its Real Estate Department, conducted its third specialized workshop on the fundamentals of investment and real estate appraisal at Kuwait University. The workshop aimed to strengthen students' skills and deepen their knowledge in line with local market needs and international standards. This initiative is part of KIB's comprehensive social responsibility program, focusing on educational support, practical knowledge transfer, and expanded collaboration with academic institutions. It also underscores the Bank's commitment to implementing Environmental, Social, and Governance (ESG) principles to actively contribute to community development. The workshop included the participation of Real Estate Advisor Arch. Basil Salem, and Engineer Ahmad ......read more

The best account of its kind in Kuwait in terms of the number of winners and offering the highest monthly expected returns Kuwait, 13 November 2024: Kuwait International Bank (KIB) announced the winners of the weekly draw held under the Al Dirwaza account’s 2024 campaign, which is distinguished by the highest number of winners throughout the year. The second weekly draw, based on customers’ October deposits, recently took place in the presence of representatives from the Ministry of Commerce and Industry, as well as representatives from the Bank. The KD 1,000 prize was awarded Deemah Khaled Saad Abdullah, Rashed Abdullah Sunaideh Almuwaizri, Awatef Khudhair Abdulrahman Alkhamees, Fadhila Shehab Ouda Alfadhli, Walid Ahmed Ali Abdelrehim, whilst the KD 500 prize was awarded to Ahmed Hanafy Hassan Elsayed, Ashraf Mohamed ......read more

Kuwait, 12 November 2024: Kuwait International Bank (KIB) took part in the 10th edition of the "Best Cyber Warrior" competition, organized by the Cyber Operations Directorate of the Kuwait Army in collaboration with the U.S. Army Central Command and under the patronage of First Deputy Prime Minister, Minister of Defense, and Minister of Interior Sheikh Fahad Al-Yousef. KIB's participation in this significant event reflects its ongoing support for the "Let's Be Aware" (Diraya) banking awareness campaign and its commitment to enhancing the capabilities of national cadres in cybersecurity and information security. This engagement also seeks to strengthen cooperation with leading international cybersecurity organizations and to exchange expertise to address the growing challenges in this critical field. As part ......read more

Kuwait, 11 November 2024: Kuwait International Bank (KIB) is proud to announce the official launch of its investment arm, KIB Invest, designed to provide Islamic investment products and services. This new company will offer a diversified suite of investment solutions tailored to meet the evolving needs of clients, delivered by a team of seasoned professionals with extensive experience in local and international markets. On the occasion of the launch, Sheikh Mohammed Jarrah Al-Sabah, Chairman of KIB, said: “We are delighted to officially introduce KIB Invest, which forms an integral part of our strategy to further strengthen our leading market position. Our aim is to address the growing demand for sophisticated, integrated, and diversified investment solutions.”   He further added: “Through KIB Invest, we ......read more

Leading Telecommunications Provider Invests in Employee Satisfaction to Drive Successa space where individuals feel motivated and appreciated." Kuwait 11-11-2024-  Ooredoo Kuwait, a leader in telecommunications across the region, remains committed to fostering a workplace that prioritizes happiness, engagement, and overall well-being. With a strong belief that a thriving corporate culture directly enhances organizational performance, the company has invested significantly in initiatives and partnerships designed to improve employee satisfaction and wellness. Omar Al Bassam, Chief Human Resources & Administration Services Officer (CHRO) at Ooredoo Kuwait, highlighted the importance of employee well-being in the company’s operations. “Our team is at the heart of everything we do. By focusing on workplace ......read more

Kuwait – November 9th, 2024 - Burgan Bank announced today the names of the Kanz account monthly draw winners, who will each take home a KD 2,000 cash-prize. All Kanz customers who maintain a minimum balance of KD 200 for at least one week before the draw date, are included in the draw, and their chances of winning increase with higher deposits. The 20 lucky winners are: NAEEM ARIF ARIF ALJOUD HAMED BAHMAN KARL JAMES POPE FAEZEH ABDOLREZA GOODARZI AKOUB MOUSSESIAN SHAHAD EMAD ABDULLAH MUNA ABDULLAH ALSANAD SHEIKHA FAWZEYAH ALJABER ALSABAH MOAMEN HARRAN NAJEEB ABDULAZIZ ALFULAIJ MOHAMMAD FAYEZ ALZARBAN AWWAD MUBARAK ALENEZI DALLAH ATEYAH SAGHEER ABD ALAMIR BADER ALMUTAWAA HUSSEIN SALEH ALSALEH WALID ELSAYED ELSAYED JAWAD ASHOUR LERI SHAHEEN KHALIFA ALGHANEM ABDULLAH ABD ALRASOUL ......read more

Under the Patronage of HE the First Deputy Prime Minister, Minister of Defense, and Minister of Interior Sheikh Fahad Al-Yousef Al-Sabah In continued efforts to advance data protection through cooperation with the relevant authorities  Kuwait, 7 November 2024 Burgan Bank recently concluded its sponsorship of and participation in the fifth edition of the Gulf Cyber Security Conference and Exhibition, which was held on November 5-6 at the Courtyard Marriott Hotel, Kuwait. The Bank’s participation in this event, alongside a number of high-level international speakers and cybersecurity experts, confirms its commitment to supporting cybersecurity fortification within the banking sector. It also echoes Burgan’s unyielding efforts to reinforce cooperation with all relevant authorities on their shared mission to protect ......read more

The best account of its kind in Kuwait in terms of the number of winners and offering the highest monthly expected returns Kuwait, 6 November 2024: Kuwait International Bank (KIB) announced the winners of the monthly and weekly draw held under the Al Dirwaza account’s 2024 campaign, which is distinguished by the highest number of winners throughout the year. The monthly and weekly draw, based on customers’ October deposits, recently took place in the presence of representatives from the Ministry of Commerce and Industry, as well as representatives from the Bank. Khawla Mohammed Abdullah Almesfeer and Manal Yaseen Ibrahim Abdullah were named the lucky winners in the monthly draw, with each customer walking away with a prize of KD 5,000. As for the weekly draw, the KD 1,000 prize was awarded to Zainab Mohammad Falah ......read more

Kuwait 4th Nov-2024 - In a bid to meet the growing needs of customers for digital connectivity and seamless experiences, Ooredoo Kuwait, the leader in telecommunications and digital solutions, has announced the launch of its exceptional new offer. These bundles provide diverse options for customers, including unlimited internet at competitive prices tailored for all segments of society, thereby enhancing the digital communication experience and ensuring easy access to their favorite content. This initiative aligns with Ooredoo Kuwait's strategy to empower all community segments to benefit from the latest communication technologies. The new offer allows customers to enjoy reliable and continuous connectivity, whether they are individuals, families, or small business owners, ensuring they remain connected at all times. Diverse ......read more

Kuwait, 3 November 2024: Kuwait International Bank (KIB) announced the signing of a Memorandum of Understanding (MoU) with the Gulf University for Science and Technology (GUST) for collaboration on its innovation program. The MoU will create a strong foundation for innovation incubation and acceleration, offering students significant opportunities for growth and development. The new agreement comes as part of the Bank's commitment to its comprehensive social responsibility strategy, as well as its support of education and youth empowerment for a brighter future. KIB will take the lead in coordinating and overseeing the innovation program, with the support of a globally recognized innovation expert. Through this partnership, GUST students will have the chance to participate in projects aimed at cultivating creative ideas and ......read more

Kuwait, 31 October 2024: Kuwait International Bank (KIB) recently held a special ceremony to celebrate the graduation of its 2023/2024 class from the Waed Talent Program, marking another milestone in the Bank’s efforts to develop and empower the next generation of banking professionals in Kuwait. Held at the Four Seasons Hotel Kuwait, the graduation event was attended by KIB’s Vice Chairman and CEO Raed Jawad Bukhamseen and Deputy CEO Mohamed Said El Saka, alongside the Executive Management. At the ceremony, the Bank’s leaders expressed their pride in the achievements of the graduates, recognizing their dedication and potential to contribute meaningfully to Kuwait’s banking sector. Commenting on the graduation, Feras Al Darmi, General Manager of Human Resources at KIB, stated: “At KIB, we believe in ......read more

 Expanding on its dedicated strategy for sustainable human capital development Kuwait, 31 October 2024 Burgan Bank recently concluded its sponsorship of and participation in the annual career fair hosted by the Australian University in Kuwait (AU). This comes as part of the Bank’s dedicated strategy for sustainable investment in Kuwait’s aspiring talents and top calibers. “We were delighted to renew our collaboration with the Australian University in Kuwait and sponsor their 2024 career fair as part of our robust strategy for sustainable investment in Kuwait’s national talents,” said Mr. Abdulwahab Abdulraheem, Executive Manager – Talent Acquisition at Burgan Bank. “Career fairs, such as the outstanding event organized by AU, help job seekers find the right opportunities ......read more

Kuwait, 30 October 2024: Kuwait International Bank (KIB) Chairman Sheikh Mohammed Jarrah Al-Sabah has revealed the Bank’s financial results for the nine months of 2024. During this period, KIB achieved KD 16 million in net profit attributable to shareholders, an increase of 138% compared to KD 6.8 million during the nine months of 2023, with earnings per share (EPS) standing at 8.62 fils, an increase of 172% during the nine months of 2024. Total operating income rose by 24% to reach KD 65 million compared to nine months of 2023. Commenting on the latest financial results, Al-Jarrah said: "The results of the nine months of 2024 clearly reflect the diligent and focused efforts aimed at enhancing performance and operational efficiency to maintain the Bank’s financial stability. They also reaffirm our commitment to the ......read more

Essa Al-Beshaier: “Empowering the Kuwaiti workforce for sustainable growth and nurturing talent through impactful programs”     Kuwait City, 29th Oct 2024 -   Ooredoo Kuwait, a trailblazer in integrated communications and community development, recently took a bold step forward in employee engagement by hosting a two-day transformational workshop, “Employee Experience: Your Comprehensive Guide to Innovation, Productivity, and Customer Satisfaction.” Held at the Al-Messila Ballroom, Jumeirah Messilah Beach Hotel & Resort, the event brought together Ooredoo employees for an immersive experience designed to reshape workplace dynamics and enhance productivity.   Organized in partnership with ALGAS Events, the workshop was led by Belinda Gannaway, a global authority on ......read more

The best account of its kind in Kuwait in terms of the number of winners and offering the highest monthly expected returns Kuwait, 29 October 2024: Kuwait International Bank (KIB) announced the winners of the weekly draw held under the Al Dirwaza account’s 2024 campaign, which is distinguished by the highest number of winners throughout the year. The fourth weekly draw, based on customers’ September deposits, recently took place in the presence of representatives from the Ministry of Commerce and Industry, as well as representatives from the Bank. The KD 1,000 prize was awarded to Mubarak Shamki Jaber Jasim, Nagia Reda Abdalrazek Alshendal, Hassan Zahid Said Mousawi, Amina Ahmad Daoud, and Khaled Woqayan Khaled Alwoqayan, whilst the KD 500 prize was awarded to Eissa Mohammad Jumaah Alnaddaf, Sameerah Abdullah Hasan ......read more

Reporting KD 165 million in Revenue and KD 33 million in Net Profit                     Kuwait, 30 October 2024 Burgan Bank Group (“Burgan” or “the Bank”) announced its financial results for the nine-month period ended September 30, 2024 (9M’24). The Group reported KD 165 million in revenues for 9M’24, improving by 5% y-o-y, compared to KD 157 million during the same period in 2023. The increase in revenues was mainly driven by higher Net-Interest Income of KD 112 million, up 23% y-o-y, while Non-Interest income remained solid at KD 53 million. The Group’s Net Interest margin also increased to 2.2% for the current period as compared to 1.9% in 9M’23, improving by 30bps y-o-y. Driven by ......read more

Kuwait, 28 October 2024: Kuwait International Bank (KIB) took part in the activities and events of the 2024 Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG), held in Washington, DC, in the United States from October 21 to 26. KIB also attended the Kuwait Banks Evening Reception organized by the Kuwait Banking Association (KBA) under the patronage of His Excellency the Governor of the Central Bank of Kuwait (CBK) Basel A. Al-Haroon on the sidelines of these meetings. The KIB delegation was headed by Raed Jawad Bukhamseen, Vice Chairman and CEO of KIB; Saleh Al Trad and Abdulrazzaq Al Mutawa, KIB Board Members; and Ma'ab Al Qassem, General Manager of International Banking and Financial Institutions Department at KIB. The delegation also included Anwar Bukhamseen, Chairman of KIB Invest; Ahmad ......read more

Reinforcing its role in contributing to discussions on issues of global economic concern  Kuwait, 29 October 2024 In line with its proactive role in participating in vital discussions on the latest developments and economic challenges facing the world that require global coordination, Burgan Bank recently joined world-leading financial institutions and global decision-makers at the 2024 Annual Meetings of the Boards of Governors of the World Bank Group (WBG) and the International Monetary Fund (IMF), held in Washington, D.C., USA on October 21-26. Attending the event on behalf of Burgan Bank were Mr. Tony Daher, Group Chief Executive Officer; Mr. Abdullah Marafie, General Manager – Treasury and Financial Institutions; and Mr. Abdullah AlSharekh, Board Member. In parallel to the annual meetings, the Burgan Bank ......read more

Kuwait, 27 October 2024: Kuwait International Bank (KIB) participated in the 2024 Career Fair organized by the Australian University (AU) in Kuwait, as part of its ongoing commitment to supporting Kuwaiti youth and preparing them for successful integration into the job market. The Bank’s participation aims to provide job opportunities for graduates and prospective graduates, as well as to strengthen the presence of national talent across various banking and financial sectors. The fair serves as an important platform for connecting organizations with ambitious students aspiring to build a promising professional future. On this occasion, Firas Al-Darmi, General Manager of Human Resources Department at KIB, stated: "We place great importance on attracting and developing Kuwaiti talent, and we are committed to supporting young ......read more

In recognition of its Private Banking excellence and outstanding service Kuwait, 27 October 2024 Following a year of all-around dedicated development of its Private Banking offering, Burgan Bank announced receiving three accolades at the Global Private Banker MEA Awards 2024 – a testament to the Bank’s unwavering commitment to excellence and developing competitive products and services, and to its mission to lead with innovation and deliver a differentiated customer experience. Regarded as the world’s most authoritative and transparently judged private wealth awards, the Global Private Banker MEA Awards adopts a rigorous judgment process, which takes into consideration the qualitative and quantitative evaluation of nominees in several criteria, including Innovation, Client Experience and Engagement, ......read more

Kuwait, 26 October 2024: Kuwait International Bank (KIB) announced that it has joined the AFAQ GCC payment system, offering customers a fast, secure, and convenient way to conduct financial transfers across Gulf Cooperation Council (GCC) countries in local currencies. This marks a significant step toward enhancing financial services for customers, which reflects KIB’s advanced role among local banking institutions and aligns with its dedicated strategy to develop its digital infrastructure. Commenting on the occasion, Fahad Othman AlBader, General Manager of the Operations Department at KIB, said: “Joining AFAQ aligns with KIB's commitment to delivering advanced financial solutions to our diverse customer base. The introduction of this service will provide a seamless and highly secure financial transfer experience ......read more

Kuwait, 23 October 2024: Kuwait International Bank (KIB) announced the renewal of its strategic partnership with Suffix Events in preparation for the third season of the KIB | The Stadium tournament, set to take place in 2025. Featuring numerous local and international teams, the tournament aims to strengthen Kuwait’s status as a sports destination, while also spotlighting emerging young Kuwaiti talent and celebrating their diverse athletic achievements. Commenting on the occasion, Marwa Marafie, Manager of Marketing and Corporate Communications at KIB, said: “We are pleased to announce our sponsorship of the third season of the KIB | The Stadium tournament, which has proven to be a tremendous success in its previous two editions and has garnered significant audience engagement. This third edition reflects our unwavering ......read more