Burgan Bank Holds its 59th General Assembly

Shareholders elected two Supplementary Members for the remainder of the Board of Directors’ 2022-2024 term 

Kuwait, 15 July 2023: Burgan Bank held its 59th General Assembly meeting at the Banking Hall of its premises in Sharq Area on Saturday, July 15 , 2023, with a quorum of %82.112.  

The Assembly approved the release of the two resigned Board Members, Mr. Masoud M.J. Hayat  and Mr. Faisal Al-Radwan, and discharging them from all liability up to the date of the AGM, The Assembly also elected Mr. Abdulaziz Saad Al-Rashed as an Independent Member and Mr. Jamal Abdullah Dashti as a Non-Independent Member for the remainder of the 2022-2024 term of the Board of Directors.  

Burgan Bank Vice Chairman Mr. Faisal Mansour Sarkhou welcomed the new Supplementary Members. He said: “We are grateful for each board member’s commitment to the Bank’s vision and responsibility toward protecting our standing as one of the leading conventional banks in Kuwait while further elevating our brand. Trust, dedication, excellence, and progression form the foundation on which we stand today as we follow through on our transformational journey of developing our operational model and investing in digital technologies to grow our market share and remain competitive.”  

Mr. Sarkhou concluded his statement by expressing good wishes to the new Members of the Board of Directors for the remaining current term, stressing his confidence in their ability to support and add value to the Bank as it continues to deliver on its broad strategy.