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08 April 07:33 AM

Burgan Bank (BURG`R)

Last update: 7 April 01:09 PM market time.
216.00
-18.00
-7.69%
Open 216.00
Previous Close 234.00
High 216.00
Low 214.00
Stock Statistics
Volume 1,420,145
Turnover 305,656.18
All data are 15 minutes late during market session

News

18 November 2014 11:10 AM KIPCO ups Burgan Bank's stake to 44.52%
Kuwait Stock Exchange official website data revealed that ownership ratios witnessed a number of changes by end of Monday November 18 trading session.Mubasher’s report revealed that, Kuwait Projects Holding continued in increasing its …
Company News
17 November 2014 10:37 AM Burgan Bank Group comments on Bank of Baghdad appointment of Mr. Faisal Al Haimus as CEO
Burgan Bank Group, the regional commercial bank and the second largest commercial bank by Assets in Kuwait where it is headquartered, announced that the appointment of Mr. Faisal Al Haimus, as the Chief Executive officer to Bank of …
Banking and Finance
16 November 2014 10:55 AM Burgan Bank kicks off capital hike Subscription today Nov16
Burgan Bank, Kuwait’s second largest commercial bank by Assets, announced the receipt of all regulatory approvals for the increase in the bank’s issued and paid up capital by KWD 21,600,000/- (twenty one million and six hundred …
Company News
13 November 2014 06:38 PM Kuwaiti indices vary for 2nd session; weighted index gains
Kuwait’s top indices ended at a varied performance for the second successive session with the Priced Index inching down by 0.01% or 0.65 points to 7201.26 points, while the Weighted Index saw the only gain today, adding 0.07% or 0.31 …
Banking and Finance
12 November 2014 06:14 PM Kuwaiti indices jittery amid improved activity
Indices on the Kuwait Stock Exchange (KSE) ended Wednesday at a varied performance as the Price Index gained 0.33%, adding 23.3 points and closing at 7201.91 points, thus passing the level of 7200 points, which it has stayed below for …
Stock Evaluations
11 November 2014 05:32 PM KSE indices in the green; liquidity falls 15.3%
Top indices in the Kuwait Stock Exchange (KSE) ended Tuesday in the green as the price index rose by 0.64%, adding 45.7 points and closing at 7178.64 points. Meanwhile the weighted price index added 0.77% or 3.6 points and closed at …
Trading Activities
9 November 2014 04:31 PM Burgan Bank to kick off capital hike Subscription on Nov16
Burgan Bank, Kuwait’s second largest commercial bank by Assets, announced the receipt of all regulatory approvals for the increase in the bank’s issued and paid up capital by KWD 21,600,000/- (twenty one million and six hundred …
Company News
3 November 2014 10:09 AM Burgan bank Q3 profit misses forecast, likely on provisions -EFG
Burgan Bank disclosed recently its interim financial statements for the third quarter of 2014 where net income stood at KWD15.4 million, compared to a net loss of KWD10.3 million in 3Q2013, which included one-off precautionary …
Company News
2 November 2014 02:31 PM Burgan bank delivers KWD48.7m profit in nine months
Burgan Bank Group disclosed the first nine month results for the financial year 2014. Compared to the same period last year, Operating income surged to KWD200.8 million while Operating Profits before provisions soared to register …
Company News
30 October 2014 09:33 AM Burgan Bank cleared to raise capital by KWD 21.6m
The Central Bank of Kuwait (CBK) gave the green light for Burgan Bank to increase its issued and paid-up capital by KWD 21.6 million ($74.6 million).This increase is divided into 216 million shares at EGP 100 fils each.The bank will …
Corporate Actions
20 October 2014 10:27 AM EFG: Burgan Bank plans KWD100m rights issue, as expected
Burgan Bank has said that it is planning to issue cKWD100 million in new shares by year-end, upon receiving all regulatory approvals. The price per share has not yet been set. The rights issue has been well flagged by management in …
Research
19 October 2014 03:48 PM Burgan Bank Board approves capital increase
Burgan Bank has announced that its Board of Directors has approved a capital increase for both issued and paid-up capital amounting to KWD 21.6 million.Accordingly the Bank’s issued and paid-up capital will reach KWD 195.18 million, …
Banking and Finance
2 October 2014 04:27 PM Al Ruwayeh appointed as legal counsel for Burgan's US$500 mln issuance
ASAR - Al Ruwayeh & Partners (ASAR), Kuwait’s leading and most prominent corporate law firm, and one of the region’s top tier firms, acted as Kuwait legal counsel to the managers of Burgan Bank’s US$500 million Perpetual Tier 1 …
Company News
2 October 2014 11:08 AM Dentons to advise Burgan Bank on $500 mln issuance
Burgan Bank, Kuwait’s second largest commercial bank by assets, has successfully priced USD 500 million Perpetual Additional Tier 1 securities. Pricing took place following successful investor meetings in Europe, Asia and the Middle …
Company News
24 September 2014 03:35 PM Burgan Bank issues US $500M additional Tier1 Capital
Burgan Bank, Kuwait’s second largest commercial bank by assets, has successfully priced USD 500 million Perpetual Additional Tier 1 securities. Pricing took place following successful investor meetings in Europe, Asia and the Middle …
Company News
23 September 2014 10:21 AM Burgan Bank prices Tier 1 Bond ahead of investors meeting
Kuwait's Burgan Bank has attracted orders in excess of $500 million for a Tier 1 capital-boosting bond which should price on today Tuesday, September 23, 2014.the Gulf Arab states’ third-largest by assets, held an investor meeting headed …
Company News
15 September 2014 05:10 PM CI affirms ratings of Burgan Bank Turkey; FSR outlook lowered to Negative
Capital Intelligence (CI) has affirmed the Financial Strength Rating (FSR) of Burgan Bank A.Ş. (Burgan Bank Turkey, or BBT) based in Istanbul, Turkey, at 'BB' in light of overall sound asset quality and very sound …
Company News
4 September 2014 00:06 PM KIPCO obtains CBK approval to up stake in Burgan Bank
Kuwait Projects Company - KIPCO revealed that it has obtained Central Bank of Kuwait approval over raising its stake in Kuwaiti Burgan Bank by 5%.KIPCO already holds direct and indirect 57.94% stake in Burgan bank up today, said a …
Company News
28 August 2014 04:11 PM Burgan Bank, Investors to discuss Potential Tier 1 Bond
Kuwait - based Burgan Bank, the Gulf Arab states’ third-largest by assets, revealed that an investor meeting will be held by HSBC as global coordinator and Citi, JPMorgan and National Bank of Abu Dhabi as lead managers to discuss a …
Company News
26 August 2014 01:15 PM Noor pays back KWD 405 THD debt to Burgan Bank
Noor Financial Investment announced it has paid back KWD 405 thousands to Kuwait's Burgan Bank.  The company said in a statement to Kuwait's bourse that this step comes as part of its debt restructuring plan. Earlier in August, Noor has announced …
Company News
6 August 2014 00:42 PM Standard & Poor's says Burgan Bank outlook remained stable
Standard & Poor's Ratings Services said it affirmed the 'BBB+/A-2' long- and short-term counterparty credit ratings on Kuwait - based Burgan Bank. S&P noted that its outlook on Burgan Bank remained stable in order to reflect the future …
Company News
6 September 2012 10:25 AM CBK clears Burgan Bk to buy back/sell 10% of shares max.
Kuwait Stock Exchange (KSE) announced that the Central Bank of Kuwait (CBK) gave the go-ahead, on 03/09/2012, to Burgan Bank to repurchase or divest 10% maximum of its issued shares for further 6 months, as of the current approval expiry on 05/08/2012.