Burgan Bank announces its Annual General Assembly of Shareholders and Shafafiyah Forum to be held on 29 March

Press release

Published March 26th, 2017 - 07:20 GMT

Burgan Bank announced today that its Annual General Assembly meeting of shareholders will be held on Wednesday, 29 March 2017 at 12:00 PM at the KIPCO Tower - 56^th floor.

As part of its corporate philosophy of advocating transparency with its investors, Burgan Bank will hold its annual Shafafiyah forum following the AGM. The forum will allow the Bank to present a business review for 2016 and earnings forecasts for 2017 to shareholders, partners, institutional investors and other members of the financial community.

The Shafafiya Forum is an annual event that is held amongst Kuwait Projects Company’s (KIPCO) subsidiaries, and reflects a strong corporate governance practice, which promotes corporate fairness, transparency and accountability. The forum provides an ideal platform to discuss financial reports and outlook as well as market predictions openly with shareholders.

Background Information

Burgan Bank

Established in 1977, Burgan Bank is the youngest conventional Bank and second largest by assets in Kuwait, with a significant focus on the corporate and financial institutions sectors, as well as having a growing retail, and private bank customer base. Burgan Bank has majority owned subsidiaries in the MENAT region supported by one of the largest regional branch networks. which include Gulf Bank Algeria - AGB (Algeria), Bank of Baghdad - BOB (Iraq & Lebanon),Tunis International Bank – TIB (Tunisia), and fully owned Burgan Bank – Turkey, (collectively known as the “Burgan Bank Group”). Furthermore, Burgan Bank has a present in the UAE through its corporate office (“Burgan Financial Services Limited) which had helped the bank to participate in multiple financing opportunities in the UAE.