Burgan Bank ‘appoints’ Al-Haqhaq as Deputy Group Chief Executive Officer

KUWAIT CITY, Nov 23: Burgan Bank announced today the appointment of Raed Al-Haqhaq as Deputy Group Chief Executive Officer, and Chief Executive Officer-Kuwait, after obtaining necessary approvals from the Central Bank of Kuwait. AlHaqhaq will continue to play an outstanding role as usual.

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

Masoud Hayat, Burgan Bank ViceChairman 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 AlHaqhaq 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

Raed Al-Haqhaq

and regional levels.

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 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.