In line with the Bank’s vision of investing in its human capital and cultivating its top talents
Kuwait, 25 July 2023 : Burgan Bank announced the promotion of Mr. Fadhel Mahmoud Abdullah to the position of Acting Chief Executive Officer (CEO) – Kuwait, in line with the Bank’s strategy to strengthen Its leadership team.
Regarded among Burgan’s longest-serving and most highly respected strategic leaders, Mr. Fadhel will play an integral role in designing, implementing, and steering the new strategic direction of the Bank over the next five years to enhance its market share in Kuwait and help drive higher profitability. The new vision of the Bank entails a plan to expand its network of branches and increase focus on the Kuwaiti market, while striving to meet the needs of Burgan’s customers and reach the largest segment of society.
Furthermore, his appointment comes in line with the Bank’s key strategic goal of investing in its human capital and the long-term growth and development of its exceptional talents, especially when it comes to senior leadership roles.
Commenting on this occasion, Sheikh Abdullah Nasser Sabah Al-Ahmad Al-Sabah, Chairman of Burgan Bank, said: “I would like to congratulate Mr. Fadhel on assuming his new leadership responsibilities at the Bank. We are confident in his banking and financial experience, as well as his proven track record in the local market, which position him as the ideal person to head the Bank’s business in Kuwait during this upcoming period. Under his leadership, we are utterly confident that the Bank will continue on its strong performance path, seizing all business opportunities along the way. On behalf of the Board of Directors, we wish him every success and look forward to continuing to work together.”
On his part, Mr. Fadhel said: “As I embark on the next chapter in my career, I am grateful for the role entrusted to me by the Chairman and members of Burgan’s Board of Directors to lead the Bank to even greater heights. With the overall supervision and guidance of the Board, the support of the Executive Team, and the relentless efforts and commitment of our employees, I am positive that Burgan Bank will continue an upward growth path, creating value for all stakeholders and meeting the aspirations of our valued customers.”
It serves to note that Mr. Fadhel is a seasoned veteran of the banking sector and a long-serving member of Burgan’s management team, bringing 34 years of finance, investment, and corporate banking experience to his new appointment. He has held multiple key leadership roles during his 25-year long career with Burgan Bank since 1998. He also holds a Bachelor of Science degree in Mathematics from Kuwait University.