Burgan Bank SAK - Company Profile

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Burgan Bank SAK: Overview

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Burgan Bank SAK (Burgan Bank), a subsidiary of Kuwait Projects Company Holding K.S.C., is a provider of banking and other related financial solutions. It provides a range of commercial and retail banking products and services. Its portfolio of products includes current accounts, savings accounts, youth accounts, fixed time deposits, flexi deposits, special time deposits, salary accounts, consumer loans, multi-benefit credit loans, debit and credit cards, prepaid cards, overdrafts, commercial loans, letters of credit and bank guarantees. It offers services such as mobile banking, internet banking, telephone banking, safe deposit boxes, treasury and investment banking services, ATM services, and premier banking services. Through these products and services, the bank serves its clientele comprising individuals and corporate clients. It distributes its products through a network of branches and subsidiaries. The bank has presence in Kuwait, Jordan, Algeria, Turkey, Tunisia, Iraq, Other Middle East countries, and Europe. Burgan Bank is headquartered in Kuwait City, Kuwait.

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Headquarters Kuwait
Address Burgan Tower, Abdulla Al-Ahmad Street, Safat, P.O. Box 5389, Kuwait City, 12170
Website www.burgan.com
Telephone 965 22988087
No of Employees 3,700
Industry Financial Services
Ticker Symbol & Exchange BURG (KUW)
Revenue (2022) $1.8B 32.2% (2022 vs 2021)
EPS XYZ
Net Income (2022) XYZ -16.5% (2022 vs 2021)
Market Cap* $2.2B
Net Profit Margin (2022) XYZ -36.8% (2022 vs 2021)
* As of and is in US$
View Burgan Bank SAK financials
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Burgan Bank SAK premium industry data and analytics

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IT Services Contracts

Improve competitive bidding with insights into all publicly disclosed IT services contracts for Burgan Bank SAK (including IT outsourcing, business process outsourcing, systems integration & consulting and more).

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ICT Spend & Tech Priorities

IT Client Prospector provides intelligence on Burgan Bank SAK’s likely spend across technology areas enabling you to understand the digital strategy.

Products and Services

Products Services Brands
Retail Banking: Internet Banking Burgan Bank
Accounts International Banking
Haiba Telephone Banking
XYZ XYZ
XYZ XYZ
XYZ XYZ
Understand Burgan Bank SAK portfolio and identify potential areas for collaboration Understand Burgan Bank SAK portfolio and identify potential areas for collaboration Find out more

History

History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.

Year Event Description
2024 Financing Agreements In March, the bank along with Al Ahli Bank of Kuwait, and Commercial Bank of Kuwait (Al-Tijari) signed a credit facility with Daewoo Engineering & Construction (E&C) for US$250 million for three years.
2023 New Products/Services In March, the bank announced the launch of a new biodegradable debit card especially designed to facilitate transactions for its visually impaired customers.
2023 Others In January, the bank received a licence from Capital Markets Authority (CMA) to offer wealth management solutions to its clients.
Dive into past operations, including product releases, deals, acquisitions & more Dive into past operations, including product releases, deals, acquisitions & more Find out more
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Competitor Comparison

Key Parameters Burgan Bank SAK Al Ahli Bank of Kuwait Boubyan Bank KSCP Gulf Bank KSCP Commercial Bank of Kuwait SAK
Headquarters Kuwait Kuwait Kuwait Kuwait Kuwait
City Kuwait City Safat Safat Kuwait City Safat
State/Province - - - - Al Asimah
No. of Employees 3,700 2,374 2,333 1,052 765
Entity Type Public Public Public Public Public
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Chart Financial activity with access to more key stats Chart Financial activity with access to more key stats Find out more
Executives
Name Position Board Since Age
Sheikh Abdullah Nasser Sabah Al-Ahmad Al-Sabah Chairman Executive Board 2022 -
Faisal Mansour Sarkhou Vice Chairman Executive Board - -
Khalid Fahed Al Zouman Chief Financial Officer Senior Management 2003 -
Andrew Christopher Singh Chief Risk Officer Senior Management - -
Naser Mohammad Al Qaisi General Manager - Retail Banking Senior Management - -
Non Dignissim Eros Proin vel Convallis 2024 XY
Non Dignissim Eros Proin vel Convallis 2024 XY
Non Dignissim Eros Proin vel Convallis 2024 XY
Gain insight into Burgan Bank SAK key executives to enhance your sales strategy Gain insight into Burgan Bank SAK key executives to enhance your sales strategy Find out more
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