Burgan Bank wins ‘Best Investor Relations’ at 2014 annual GCC Investment & Development Awards

Press release

Published July 16th, 2014 - 12:12 GMT

Burgan Bank

Burgan Bank announced its winning of the 'Best Investor Relations in GCC' award from World Finance, one of the world’s leading financial publications. Burgan Bank's success was announced at the World Finance's "Annual GCC Investment and Development Awards".

This annual awards program pays tribute to companies and investment bodies within the Gulf realm for their excellence and contribution to accelerate the development of the region.

Commenting on the award, Mr. Eduardo Eguren, Group Chief Executive Officer said, “Our commitment to a culture of transparency in general and in our Investor Relations’ practices in specific, combined with a sound corporate governance philosophy is paying off. This recognition is a reflection of our healthy and evolving investor relations discipline and our continuous efforts to advocating efficient capital markets and best practices.”

Mr. Eguren added, “On this occasion, I would like to congratulate Mr. Bashir Jaber, Burgan Bank Group Head of Investor Relations and Corporate Communications, and his team for this achievement and thank them for their continuous and innovative efforts in planning and implementing best practices in Investor Relations.”

Mr. Bashir Jaber, Group Head of Investor Relations and Corporate Communications commented, “Burgan Bank’s successful engagement with the investment community locally, regionally and globally has helped in cementing the strong relationships the bank enjoys with investors. The effective reach to existing and potential investors, sell-side analysts as well as buy-side funds and portfolio managers through systematic and targeted initiatives, has taken the investment proposition of the bank to the forefront in capital markets; starting with the annual ‘Shafafiya’ forum which commenced in 2005 as a KIPCO Group-wide initiative, our quarterly earnings calls, non-deal and reverse road shows, IR website management and the daily interactions with investment community.”

Burgan Bank is committed to the highest standards of corporate governance and recognizes that good governance is pivotal in helping the business to deliver its strategies whilst generating sustainable shareholder value and meeting its obligations towards shareholders and other stakeholders.

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.