Burgan Bank Sponsors Nexus 2024, Kuwait’s Biggest Technology and Innovation Event

Press release
Published November 28th, 2024 - 09:38 GMT

Burgan Bank Sponsors Nexus 2024, Kuwait’s Biggest Technology and Innovation Event
Fadel Abdullah.

Burgan Bank announced its participation in Kuwait’s biggest technology and innovation event, Nexus 2024, as a platinum sponsor. The event is scheduled to take place on 5-7 December at The Arena Kuwait under the patronage of H.E. the Minister of State for Communication Affairs Omar Al-Omar, with an expected turnout of 30,000 visitors and 60 leading companies from diverse sectors. Burgan Bank’s sponsorship is an extension of its efforts to share the latest developments in its digital transformation and innovation journey with the market’s most impactful institutions, in addition to showcasing its digital initiatives’ alignment with the Kuwait Vision 2035.
“We are very proud to sponsor an event as future-focused as Nexus, which aims to catalyze technological advancement in Kuwait through industry-wide conversations and sharing of expertise,” commented Mr. Fadel Mahmoud Abdullah, CEO of Burgan Bank – Kuwait. “For several years, digital transformation has been a primary pillar of our business success and institutional growth, and we believe that innovative tech solutions have the capacity to thrust our national economy forward, solidifying Kuwait’s position among the leading countries in technology on the regional level.”
This first-of-its-kind event in Kuwait offers its participants a comprehensive, multi-layer technology and innovation experience, including an exhibition space where leading domestic and regional companies will showcase their forward-looking tech solutions and products. Meanwhile, the startup hub will gather 100 emerging startups competing for six mega prizes that amount to KD 30,000 awarded to the most innovative and groundbreaking ideas, including the grand prize of KD 10,000. In addition, a number of tech talks and workshops will be delivered by industry gurus, covering a wide spectrum of timely topics about the future of sustainable and inclusive technology, from artificial intelligence (AI) to the internet of things (IoT), cybersecurity, the role of women in the tech industry, fintech, gaming, and so much more.
As the Bank continues leveraging tech in the digital transformation era, Burgan will be delivering several workshops about the latest technology trends in banking, data protection, and the future of digital banking as part of its contribution to the success of Nexus.
Burgan Bank remains steadfast in its digital transformation journey, offering innovative digital solutions and products while investing in advanced cybersecurity technologies. Burgan Bank’s earnest dedication to digital and technology transformation further echoes its commitment to adopting the highest standards of environmental, social, and governance (ESG) standards in banking.

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.

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