Burgan Bank Appoints Raed Al-Haqhaq as Deputy Group Chief Executive Officer

Burgan Bank announced today the appointment of Mr. Raed Al-Haqhaq as Deputy Group Chief Executive Officer, and Chief Executive Officer-Kuwait, after obtaining necessary approvals from the Central Bank of Kuwait. Mr. Al-Haqhaq will continue to play an outstanding role as usual.

Mr. Majed Essa Al-Ajeel, Chairman of Burgan Bank said: “I would like to congratulate Mr. Raed Al-Haqhaq on his new position. His vast experience and execution during the past 24 years will definitely contribute to executing and realizing the Bank’s growth strategy to drive the Group performance, and to reinforce our brand positioning.”

Mr. Masoud Hayat, Burgan Bank Vice-Chairman and Group CEO commented, “Burgan Bank possesses a clear vision, strategy with a set of identified objectives, and an aspiration to keep growing. The appointment of Mr. Al-Haqhaq comes in line with our belief in supporting national talents, whom enjoy vast experiences and qualifications and are able to utilize them to achieve strategic targets and objectives. This is what Burgan Bank Group is aiming to achieve, as it works towards pioneering in the banking industry, on local and regional levels.

Mr. Al-Haqhaq is an industry veteran with more than 24 years of local and international banking experience in various sectors which include corporate, private banking and investment Mr. Al-Haqhaq holds a Bachelor of Science majoring in Strategic Management from California State University, Sacramento, USA. Al-Haqhaq has also completed a number of preparatory and administrative programs at Harvard Business School and INSEAD.