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As part of efforts to create synergy and operational efficiency Kuwait, 6 April 2023: Led by the Vice Chairman and Group CEO of Burgan Bank, the CEOs Summit included both Burgan Bank and KIPCO group subsidiaries banks’ CEOs, which was held in Amman, Jordan, and hosted by Jordan Kuwait Bank. The summit was convened with the objective of discussing and addressing the developments and changes in the global economic environment during a critical year faced by the investment and banking sectors and institutions. The delegation included from Burgan Bank Kuwait Mr. Masoud M. J. Hayat, Vice-Chairman and Group Chief Executive Officer. He was joined by Mrs. Huda AlShammari, Group Head Group International Operations Office - GM, and Mr. Hossam Afifi, Chief Information Officer. As well, the senior leaders from Burgan Bank & KIPCO banking subsidiaries which included Mr. Rabih Soukarieh, General Director of Gulf Bank Algeria, Mr. Murat Dinc, Chief Executive Officer of Burgan Bank Turkey, Mr. Mohamed Fekih, Chief Executive Officer of Tunis International Bank, Mr. Basil Aldhahi, Managing Director of Bank of Baghdad, Mr. Haethum S. Buttikhi, Chief Executive Officer of Jordan Kuwait Bank, Mr. Hussain Lalani, Chief Executive Officer of United Gulf Bank, and Mr. Adrian Gostuski, Chief Executive Officer of FIMBank.
During this year’s summit, senior executives reviewed and discussed key topics, including market trends, the evolution of business, the application of new technologies, the importance of mitigation strategies to manage challenges and constraints, and the diverse opportunities for collaboration. They also discussed the way forward for strategic evolution and the implementation of environmental, social and governance (ESG) elements into business policy and strategy.
Commenting on the summit, Mr. Hayat said: “This presented a unique opportunity to exchange experiences and innovative ideas that underscored our joint endeavors and efforts to generate measurable collaboration and ensure operational efficiency at the group level. This year’s summit aimed to strengthen the line of communications amongst the Group banks, expanding key areas of cooperation amongst us to provide consistent long-term returns and maintain the value-add.”
He added: “To ensure growth and success in these challenging times, Burgan Bank focuses on digital transformation and the empowerment of people as part of its vital strategy that also yields measurable results across the group. At Burgan Bank, we have been building a resilient framework that is integral to meet our goal of creating value for all stakeholders, while maintaining operational efficiency.”
The launch of these summits, led by Burgan Bank Group, seeks to open new opportunities and build on ideas for innovation encouraging cooperation and collaboration between the bank, its subsidiaries and group banks. It is worth noting that this important meeting in Jordan is the first CEOs Summit of Burgan Bank Group for 2023, as previous summits were suspended due to the pandemic and were resumed late 2022.
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