Kuwait, 19 February, 2025 Burgan Bank (“Burgan” or “the Bank”) announced its financial results for the fiscal year ended December 31, 2024 (FY’24). The Bank’s good performance in FY’24 reflects a focus on executing its strategy, achieving growth, and delivering consistent profitable performance while maintaining robust asset quality and resilient capital levels. The Bank generated a net income of KD 46 million in FY’24 compared to KD 44 million reported the year before – marking a growth of 7% y-o-y. This performance was primarily driven by well-diversified and resilient revenue streams, risk-calibrated asset growth, and lower cost of credit. The Bank reported total revenues of KD 229 million during FY’24, marking a 3% y-o-y increase. Higher revenues were driven by ......read more

Kuwait, 18 February 2025: Kuwait International Bank (KIB) announced the winners of the weekly draw held under the Al Dirwaza account’s 2025 campaign, which is distinguished by the highest expected annual return and winning chances. The third weekly draw in February, based on customers’ January 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 Mohammad Abdullah Alhussain Zaid, Hajar Khaled Motlaq Almutairi, Yaser Mohammad Abdullah Jarkhi, Fuad Ibrahim Ahmad Rudhwan, Barrak Abdulmohsen Mohammad Alhussaini, whilst the KD 500 prize was awarded to Abdullah Hussain Fadhel Faras, Maysoon Saleh Ghufran Abdulrahman, Eman Ahmad Khulaif Alrasheedi, Huda Waleed Ali Hashem, Fares Abdullah Saleh Alshammari, ......read more

Expanding on the premium value it offers cardholders with every purchase Kuwait, 18 February 2025  In a new effort to elevate customers’ banking experience, Burgan Bank revealed its latest partnership with Turkish Airlines, offering all Burgan credit and prepaid card users a 15% discount on the base fare for all one-way and roundtrip flights from Kuwait to any destination worldwide throughout 2025. This comes as part of the Bank’s robust mission to deliver excellent customer experience and its committed strategy for adding value to customers’ everyday card purchases, ensuring its cards remain a top-of-wallet choice. “Everything can be made easier and more exciting with enough understanding of our customers’ needs and lifestyles and the right partners, and there’s no better way to ground this ......read more

Kuwait, 17 February 2025: Kuwait International Bank (KIB) recently announced signing a strategic memorandum of understanding (MoU) with PayTabs Kuwait, a member of MENA's award-winning payment orchestration powerhouse PayTabs Group. This partnership aims to enhance the Bank’s suite of customized solutions tailored to meet the needs of merchants and business owners through a dedicated referral program. This partnership also underscores KIB's ongoing commitment to expanding its customer base by equipping businesses across various sectors with advanced payment solutions, thereby supporting Kuwait’s economic growth and fostering digital transformation. Expressing his enthusiasm for the new partnership, Anwar Al-Qenaei, General Manager of PayTabs Kuwait, said: “This collaboration represents a significant ......read more

In line with its dedicated strategy for rewarding loyal customers and elevating their banking experience Kuwait, 17 February 2025  At what has become one of its signature annual events, Burgan Bank announced the winner of its Kanz annual draw amid vast festivities at The Avenues Mall, crowning Yousef Mohammad Dashti as the third Kanz millionaire and winner of the KD 1,500,000 cash prize. This comes as part of the Bank’s robust strategy for rewarding loyal customers, enhancing their banking experience, and enabling them to fulfill their aspirations. “Our consistent growth would not have been possible without our loyal customers who have trusted us for decades, and whose dreams and aspirations have inspired our product and service innovations, constantly pushing us to advance further and remain abreast of their ......read more

Kuwait, 11 February 2025: Kuwait International Bank (KIB) has announced the winners of the campaign for its Youth Account segment customers. Four lucky customers, Bodour Saad Aifan AlEnezi, Ali Khaled Ali AlMutairi, Bandar Mubarak Dinar Jaroub and Fahad AlHumaidi Maajoun AlHussaini, won the draw for iPhone 16 devices after having transferred their student allowance to the Bank. Congratulating the winners of the campaign, Khaled Al-Hulaibi, Segments Manager at KIB, said: "the Youth Account customers campaign reflects our commitment to providing added value for our customers, particularly the youth segment, which we view as a cornerstone of our society. Through these special campaigns, we aim to strengthen our relationship with Youth Account holders, encouraging them to save and achieve early financial independence by leveraging ......read more

Kuwait, February 12, 2025 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: •           MOHALLAB ABDULLAH ALKANDARI •           FATEMAH MOSTAFA QABAZARD •           LOLWAH MOHAMMED ALSANOUSI •           ALYA MOHAMMED ABDIN •           AMIR ABDULHAMEED ......read more

Kuwait, 10 February 2025: Kamco Invest and Burgan Bank successfully hosted the second edition of their investment conference under the theme “Exploring Trends: Ideas That Move Markets”. The conference, attended by thought leaders and industry experts, in addition to institutional and high-net-worth investors from Kuwait and the region, discussed crucial topics spanning the global economy, geopolitics, and various asset classes. The conference actively supports the vision to transform Kuwait into a regional financial and trade hub. Sarkhou: The collaboration between Kamco Invest and Burgan Bank brings together two established institutions with independent track records and deep-rooted expertise, creating a more integrated financial ecosystem. In his capacity as the Chief Executive Officer of Kamco Invest and the Vice ......read more

Sheikh Nasser bin Hamad Al Thani: "I am very confident in our team's ability to sustain growth and drive profitability in line with our strategic approach." Abdulaziz Yaqoub Al-Babtain: "We continue to work on strategic projects aimed at cementing our position as a leading provider of integrated digital solutions." Kuwait City, Kuwait: National Mobile Telecommunications Company K.S.C.P “Ooredoo” (Ticker: OOREDOO) announced today its financial results for the year ended 31 December 2024:  Financial Highlights: Consolidated revenue increased by 9% to reach KWD 711 million in 2024, compared to KWD 653 million in 2023. Revenue benefited from sustained commercial momentum in Kuwait, Tunisia, Algeria and Maldives. Consolidated customer base increased by 5% to reach 26.6 million in 2024 ......read more

In line with the Bank’s strategy for diversifying its investment portfolio and optimizing financial performance Kuwait, 6 February 2025 Burgan Bank announced the establishment of a strategic USD 500 million Certificates of Deposit (CDs) program in Kuwait, rated 'F1' by Fitch Ratings which is equivalent of “A”. This short-term debt instrument, spearheaded by the Bank’s Treasury team, serves as a strategic mechanism for the bank to maintain a diversified source of liquidity, optimize the balance sheet and allow for sufficient access to funding.  The program has been established in coordination with Mizuho, as the Lead Arranger, whereas MUFG Bank, the Industrial and Commercial Bank of China (ICBC), the Korea Development Bank (KDB), the Development Bank of Singapore (DBS), and Standard ......read more

In line with its comprehensive social responsibility program, Ooredoo Kuwait has announced the renewal of its strategic partnership with Spark Athletic Center. This initiative aims to promote sustainable development and foster a healthy community that maintains a balanced lifestyle. The renewed collaboration aligns with the shared objectives of both Ooredoo and Spark to support a variety of sports activities and events. The signing ceremony was attended by officials from both organizations, including Nouf Al-Mashaan, Senior Director External Affairs | Head of Strategic and Innovative Business Projects at Ooredoo Kuwait and Farah Al-Babtain, Operations and Design Manager at Spark Athletic Centre. Spark Athletic Club offers a wide range of modern facilities, including fitness classes, personal and group training sessions, and ......read more

Kuwait, 3 February 2025: Kuwait International Bank (KIB) has expanded its network with the opening of a new retail banking branch in Al Sideeq, making it its 19th location. This move reflects KIB’s commitment to meeting customer needs and strengthening its geographical presence. The new branch offers a comprehensive range of advanced services, supported by cutting-edge banking technologies, designed to cater to the diverse requirements of its customer base. The new branch’s opening ceremony was held under the patronage of the Governor of Hawalli, Ali Salem Al-Asfar, and was attended by KIB’s Vice Chairman and CEO, Raed Jawad Bukhamseen, along with KIB’s General Manager of Retail Banking, Othman Tawfeqe, and several of the Bank's senior executives. Commenting on the occasion, Tawfeqe expressed his pride, ......read more

Reaffirming its commitment to providing clients with innovative and secure financial solutions Kuwait, 30 January 2025  Burgan Bank announced the renewal of its partnership agreement with world leader in  digital payments, Visa, confirming its commitment to collaborating with industry leaders to maintain and elevate the outstanding banking and payment experience it offers its clients. This comes as part of Burgan’s mission to lead with innovation and deliver an excellent customer experience, as well as its robust digital transformation strategy. “We are delighted to renew our strategic agreement with one of Burgan’s most valued partners, Visa, whose vast experience in developing cutting-edge and secure payment solutions has contributed greatly to our success in delivering a world-class banking experience ......read more

The best account of its kind in Kuwait for offering the highest monthly expected returns and cash prize draws  Kuwait, 28 January 2025: Kuwait International Bank (KIB) announced the winner of its Al Dirwaza account Mega Draw, based on customers’ balances from November and December, through a special appearance on Marina FM. The draw was held in the presence of representatives from the Ministry of Commerce and Industry, as well as representatives from the Bank. Mrs. Hayfa Abdulrahman Abdulmughni Alabdulmughni won the grand prize of KD 100,000. As for the weekly draw, based on customers’ December deposits, the KD 1,000 prize was awarded to Tahous Talaq Tahous Alazmi, Marshad Obaid Mohammad Alazmi, Khaled Hamad Ayed Aljenfawi, Fouad Ahmed Motawea Hassan, Bader Abdulaziz Mohsen Almutairi, whilst the KD 500 prize was ......read more

Kuwait, 27 January 2025: Kuwait International Bank (KIB) announced that it will continue to provide advice that ensures its customers an exceptional and seamless banking experience with outstanding security standards, both in Kuwait and abroad. This initiative supports the ongoing financial awareness campaign, ‘Let's Be Aware’ (Diraya), which aims to enhance understanding of essential banking safety practices within the community. As part of these efforts, the Bank highlights the importance of following the campaign's tips and recommendations on using various types of bank’s channels and cards—credit, debit, and prepaid—to help customers avoid fraud and theft while traveling. During an interview with KTV’s morning show ‘Good Morning Kuwait’, Basil Al-Suwaidan, General Manager of ......read more

Kuwait, 25 January 2025: Kuwait International Bank (KIB) is proud to announce that it has been named the Best Sharia-Compliant Bank – MENA 2024 by Capital Finance International (CFI.co) magazine. This prestigious award recognizes KIB's unwavering commitment to providing innovative financial solutions that adhere to the standards of Sharia law. The esteemed judging panel of the magazine selected KIB from a group of nominated banking and financial institutions, recognizing the Bank for its comprehensive range of banking solutions that adhere to Sharia principles, its tailored financial products that meet the unique needs of its customers, its strategic initiatives aimed at enhancing customer experience and operational efficiency, its cutting-edge online and mobile banking platforms, and, finally, its active participation in ......read more

Kuwait, 23 January 2025: The highly anticipated third season of KIB | The Stadium, Kuwait’s first-of-its-kind show jumping tournament by the sea, officially launched with a grand opening ceremony at Marina Beach. This year’s edition, organized by KIB’s strategic partner Suffix, takes center stage by spotlighting equestrian sports for the second consecutive year over the span of three weeks. The championship builds on the legacy of its previous seasons and promises an even more exceptional experience this year, further reinforcing KIB’s commitment to nurturing Kuwait’s sporting culture as part of the Bank’s expansive social responsibility program. The opening ceremony was held in the presence of influential figures and distinguished attendees, including H.E. the First Deputy Prime Minister, Minister ......read more

Confirming its commitment to sustainability and the highest ESG standards Kuwait, 23 January 2025 Burgan Bank announced launching a waste management and recycling initiative at its head office in collaboration with Tadwire, the first recycling facility of its kind in Kuwait. This initiative reinforces the Bank’s dedication to upholding the highest environmental, social, and governance (ESG) standards in the banking sector. It is the latest in a long series of dedicated efforts to reduce its carbon footprint across all operations, cementing Burgan’s role as a leader in corporate responsibility and supporter of the New Kuwait 2035 Vision. “Environmental sustainability has become an indispensable pillar for the success of businesses and projects, which is why we consistently evaluate the impact of our business choices ......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 January 2025: 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’ December 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 Hamdeyah Jassim Mohammad Albarrak, Rawda Ahmed Mohammed Omar, Nassar Mabrouk Nassar Alazmi, Zainab Yousef Shabaan Husain, Abeer Mohammad Abdullah Aldekheel, whilst the KD 500 prize was awarded Ali Sabah Hussein Albsisi, Huda Naser Haji ......read more

Kuwait, 18 January 2025 Kamco Invest and Burgan Bank are set to co-host the second edition of their exclusive Investment Conference at St. Regis Kuwait on Monday, February 10th, 2025. Building on its the strong foundation of its highly-successful inaugural edition, the event will convene an elite gathering of thought leaders, industry experts, and institutional investors for insightful discussions on critical topics shaping the global economy, geopolitics, and diverse asset classes. Under the theme "Exploring Trends: Ideas That Move Markets", the conference seeks to delve into the intricacies of the global economy, uncover the forces shaping geopolitics, and examine emerging challenges and opportunities across a spectrum of asset classes. In a rapidly changing world with ever-evolving market dynamics, this event serves as ......read more

 Board of Directors proposed an additional cash dividend distribution to the shareholders of 8% of the nominal share value (QAR 0.08 per share), subject to QCB approval and shareholders’ approval at the AGM, taking the total cash dividend for the financial year 2024 to 16% of the nominal share value (QAR 0.16 per share) Highest-ever profitability underpinned by a persistent year-on-year growth in total income by 12% Group’s total assets reached QAR 117.9 billion remaining at historic levels The Bank successfully issued a USD 800 million 5-year senior unsecured Sukuk – the largest issue size achieved by a Qatari Islamic bank since 2020 The Bank achieved an impressive yearly growth of 11% in financing books Robust CAR of 17.3%, well above the minimum statutory limits Lusail, Qatar – 16 ......read more

Kuwait, 16 January 2025: Kuwait International Bank (KIB) recently concluded its sponsorship of the FORMA HYROX fitness competition, which took place in January at the Holiday Inn Kuwait Salmiya. The event brought together athletes of all levels and fitness enthusiasts, offering a dynamic competition that blends challenge with a focus on physical well-being. KIB’s sponsorship of this championship underscored its ongoing commitment to supporting sports and wellness initiatives that promote awareness of the importance of fitness and a healthy lifestyle within the community. The FORMA HYROX championship went beyond a traditional fitness race, incorporating a diverse range of challenging exercises designed to test participants’ strength, speed, and agility—whether professional athletes or fitness ......read more

Reaffirming its unwavering commitment to investing in Kuwait’s top calibers and supporting the nationwide Kuwaitization efforts Kuwait, 17 January 2025  Burgan Bank announced the appointment of Mr. Omar Khalifouh as Deputy General Manager of Digital Transformation, after obtaining all necessary approvals from the Central Bank of Kuwait (CBK). This appointment echoes Burgan’s unwavering commitment to investing in Kuwait’s talented calibers as part of its holistic human capital investment strategy, in turn supporting the nationwide Kuwaitization efforts. It also marks a significant step in advancing the Bank’s digital transformation journey and driving innovation across its operations. Commenting on this announcement, Mr. Fadel Mahmoud Abdullah, CEO of Burgan Bank – Kuwait, said: “On behalf ......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, 14 January 2025: 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’ December 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 Khaled Faraj Salem Alsaad, Ahmad Saleh Ismaeil Saleh, Iman Yousef Jamal Hamdan, Maha Ali Mahmod Albaghli, Layan Talal Abdullah Alawadhi, whilst the KD 500 prize was awarded to Abdalnaser Abdullah Abdulaziz Almasoud, Mohannad Mohammad Ameen ......read more

Under the umbrella of its comprehensive social responsibility program and efforts to foster a healthier lifestyle in Kuwait Kuwait, 14 January 2025 Burgan Bank launched into 2025 with robust resolve and commitment to contribute to its community’s overall growth and development, leading the year with the platinum sponsorship of the first edition of NAWI, Kuwait’s annual health, fitness and wellness expo held at The Arena Kuwait. The sponsorship is part of Burgan’s comprehensive social responsibility program and its unwavering commitment to advancing the health, wellness, and sports sectors. “In line with the Bank’s slogan ‘Driven By You’, we were resolved to begin the new year with our platinum sponsorship of NAWI, the biggest and most important health and fitness summit in Kuwait, ......read more

Kuwait, 13 January 2025: Kuwait International Bank (KIB) has announced the final batch of draw winners under its ‘Win with KIB Rewards’ campaign for the month of December. The campaign, which ended in December 2024, aimed to reward customers who used KIB’s Banking App to open an Al Dirwaza account, issue a Multicurrency prepaid card, or open a deposit investment of any kind. The last batch of winners who won 3,000 reward points each are Wadhha Ghazi Nemer Almutairi, Mohammad Motlaq Hofan Alrasheedi, Mohammad Jawared Mohammad Sifar, Ahmed Theeb Alsaleh, and Abeer Youniss Khalefa Atwa. In this regard, Nawaf Al-Khrayef, Assistant General Manager of the Retail Banking Department at KIB, said: “We would like to congratulate the last group of winners under this campaign, which marked a great opportunity to reward our ......read more

Kuwait – January 12, 2025: Ooredoo Q.P.S.C. announced today the appointment of Sheikh Nasser Bin Hamad Al Thani as Chairman of the Board of Directors for Ooredoo Kuwait, This decision reflects the group’s commitment to enhancing strategic leadership and supporting sustainable growth in its operating markets. Sheikh Nasser Bin Hamad Al Thani boasts an impressive career spanning over 20 years in the telecommunications sector. He is recognized as a prominent executive leader who has played a pivotal role in achieving major strategic objectives and enhancing the performance of organizations he has served on both local and international levels. Currently, he serves as the Regional Chief Executive Officer of Ooredoo Group for the Middle East, a position that highlights his extensive expertise and exceptional contributions to the ......read more

Kuwait, January 13, 2025 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: ARAFA MAHMOUD ARBOUD MADEHA FARHAN SABAH MUHAMMAD ASIF FAZAL KAMAL MOHAMMAD ALMHISEN NAJWA ALI ALHILALY NOURAH RASHED ALRASHED WAEL AHMAD ALSHARHAN FAKHRUDDIN MOHAMMAD OR REHANA GABAJA EMAN RASMI ABU KHADRAH EMAN MOHAMMAD ASHKANANI NASER DAWOUD ALSHAMMARI ALAA JABER KHURAIBET ERINJERI RAPHEL ANTONY KHALAF MOHAMMAD MEZEAL ABDELLAH METAWE MOHAMMAD SHAKEEL KHOKHAR DESOUKI HELMI MAHRAN HANA SALEM AESHAH YOUSEF ......read more

Kuwait, 11 January 2025: Kuwait International Bank (KIB) announced the launch of the third season of the KIB | The Stadium championship, set to officially begin on Friday, January 24, 2025, at Marina Beach, organized by the Bank’s strategic partner Suffix Events. The latest edition will kick off with a local show jumping competition, followed by a 2-star international competition (CSI2*), before ending with the final competition of the 3-star category (CSI3*-W), which serves as a qualifier for the International Equestrian Federation (FEI) Jumping World Cup. The announcement of this prominent annual event was made during a press conference attended by Othman Tawfeqe, General Manager of the Retail Banking Department at KIB; Ahmed Al Huzami, CEO of Suffix; Marwa Marafie, Manager of the Corporate Communications Unit at KIB; and ......read more

Kuwait, 7th January 2025_ –_ CFI Kuwait, the leading provider of online trading services in Kuwait, is proud to announce its role as a strategic partner of the highly anticipated Kuwait Shopping Festival 2025, Ya Hala Festival, the largest and most exciting shopping event in Kuwait's history. The festival, which runs from January 21st to March 31st 2025, will span a remarkable 70 days, offering citizens, residents, and visitors an unparalleled shopping experience. Through this collaboration, CFI continues its commitment to supporting significant cultural events in Kuwait that bring the community together and enrich the local cultural landscape. The Ya Hala Festival offers an exciting mix of commerce, culture, and entertainment with promotions and discounts. Organized under the Supreme Committee for National Celebrations, ......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, 7 January 2025: 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 first weekly draw, based on customers’ December 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 Sayed Hossein Sayed Hashem Mosavi, Ruqayah Saqer Rashed Alarmali, Abduljaleel Bavu Valappil, Fahad Faisal Bader Alqanaee, Yousef Mohammad Ali Alqabandi, whilst the KD 500 prize was awarded to Abdullah Saleh Metni Alkhaldi, Ebrahim Ajel Ali ......read more

Confirming its commitment to human capital investment and providing an inspiring work environment that fosters employees’ growth and career development Kuwait, 7 January 2024 Attesting to its steadfast commitment to remaining a top employer of choice in Kuwait, Burgan Bank revealed that 89% of its staff participated in its Great Place to Work® (GPTW) employee engagement survey, an impressive rate by international standards. The survey showcases the Bank’s numerous efforts to foster effective communication with its employees, recognize their crucial role in achieving strategic goals, and cultivate a work environment that promotes creativity and innovation to align with the aspirations of both employees and the Bank. “Being certified as a Great Place to Work® isn’t a one-time achievement but a ......read more

Kuwait, 31 December 2024 Burgan Bank has announced that it will be closing all branches on Wednesday,  January 1, 2025, on the occasion of the New Year’s holiday. The Bank will resume normal operating hours at all branches on Sunday, January 5, 2025. However, to accommodate Burgan Bank customers, the Airport Branch will continue to operate 24/7 during the holidays.   For more information about Burgan products and services during the holiday, customers can contact the Bank’s contact center or WhatsApp at 1804080. Customers can also continue to conduct their financial transactions easily and securely using the Burgan Bank mobile app or the online banking platform (online.burgan.com). Burgan Bank would like to take this opportunity to extend its warmest wishes and heartfelt greetings to everyone in Kuwait ......read more

Kuwait, 30 December 2024: Kuwait International Bank (KIB) announced that it will continue to provide its online banking services around the clock during the New Year’s holiday. 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 during the official holiday on Wednesday, 1 January 2025, and during the official rest day on Thursday, 2 January 2025. Normal working hours will resume on Sunday, 5 January 2025. 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 platforms 24/7 during the ......read more

Abdulaziz Al-Babtain: "Implementing our strategy with the dedication of exceptional talents has revolutionized the telecommunications landscape in the region." Executing an ambitious strategy under Al-Babtain's leadership Surpassing 2.9 million customers with steady growth Continuous development of digital infrastructure Strategic partnerships with government institutions and leading private sector companies Empowering human capital and fostering local talent Recognitions from prestigious global telecom organizations Financial benefits and new perks for employees Integration of AI into the company's strategy and launching new services in collaboration with NVIDIA for the Kuwaiti market Aura Mobile: A game-changing telecom service launched by Ooredoo in collaboration with Alshaya Group Leading the ......read more

Kuwait, 22 December 2024: Kuwait International Bank (KIB) has announced the draw winners of its ‘Win with KIB Rewards’ campaign for the month of November. 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 seventh batch of winners who won 3,000 reward points each are Abdullah Murtadha Alsaffar, Hassan Mazhar Moutlaq, Feras Saad Khalifah Alsulaiman, Ahmad Habeeb Mohammad AbedAli, and Yusouf Haidar Hamed Groof. In this regard, Nawaf Al-Khrayef, Assistant General Manager of the Retail Banking Department at KIB, said: “We would like to congratulate the seventh group of winners under this campaign, which marks an opportunity to reward our customers ......read more

Kuwait, 22 December 2024: Kuwait International Bank (KIB) has announced the draw winners of its ‘Win with KIB Rewards' campaign for the month of November. 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 seventh batch of winners who won 3,000 reward points each are Abdullah Murtadha Alsaffar, Hassan Mazhar Moutlaq, Feras Saad Khalifah Alsulaiman, Ahmad Habeeb Mohammad AbedAli, and Yusouf Haidar Hamed Groof. In this regard, Nawaf Al-Khrayef, Assistant General Manager of the Retail Banking Department at KIB, said: “We would like to congratulate the seventh group of winners under this campaign, which marks an opportunity to reward our customers for ......read more

With the transaction expected to be completed by Q1’25= Kuwait, 22 December 2024: Burgan Bank announced that it has obtained the final approval from the Central Bank of Kuwait (CBK) to acquire 100% stake in United Gulf Bank (UGB), a licensed conventional wholesale bank headquartered in Bahrain. The execution of this transaction remains subject to closing formalities that are expected to be completed by the first quarter of 2025 (Q1’25).  The purchase price of this transaction has been settled at USD 190 million, which roughly translates to 1.0x of UGB’s current shareholders’ equity or book value. This acquisition is expected to have an impact of 60 to 70 basis points on Burgan Bank’s regulatory capital ratios, predominantly due to the consolidation of UGB’s assets. The final impact would be ......read more

Kuwait, 24 December 2024: The Family Office, a leading wealth management company in the GCC, is proud to announce the expansion of its operations to Kuwait. Licensed and regulated by the Kuwaiti Capital Markets Authority (CMA), the firm is bringing its legacy of expertise and innovation closer to Kuwaiti investors. With its local office set to open soon, The Family Office is committed to delivering tailored wealth management solutions and exclusive private market opportunities to meet the unique needs of the Kuwaiti market. Over the past two decades, The Family Office has earned the trust of more than 800 clients globally, including families, professionals, and CEOs of publicly traded companies, managing $2.1 billion in assets. Operating from six strategic offices in Bahrain, Saudi Arabia, UAE, Switzerland, the US, and Hong Kong, ......read more

Honoring the Occasion by Changing Its Network Name to “Meshal Al-Ezz” Abdulaziz Yaqoub Al-Babtain: We reaffirm our commitment to achieving Kuwait Vision 2035 [Kuwait, 18 December 2024] In honor of the first anniversary of His Highness the Amir Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah assuming leadership of the State of Kuwait, Ooredoo Kuwait, the leading telecommunications company, has announced renaming its network to “Meshal Al-Ezz”, as an expression of pride and appreciation for His Highness’s wise leadership and visionary direction. Additionally, Ooredoo Kuwait has adorned its headquarters building; Ooredoo Tower, located in the heart of Kuwait City with an image of His Highness as a tribute to this special occasion. This initiative is part of Ooredoo’s efforts to highlight the ......read more