Burgan Bank, a subsidiary of Kuwait Projects Company, has announced the appointment of Fadel Mahmoud Abdullah as the Chief Executive Officer (CEO) upon approval of the Central Bank of Kuwait (CBK).

Fadel, a BFSI industry veteran, brings more than 34 years of expertise encompassing finance, investment, and corporate banking experience. He has been working with the bank since 1998, holding key leadership roles, including as a member of the bank’s management team.

Assuming his new role, Fadel will spearhead the bank's ongoing transformation efforts and bolster its focus towards long-term investment in human capital. Recently, the bank announced key leadership changes, including the appointment of Naqeeb Amin as the General Manager of Human Resources and Development. Fadel played a pivotal role in bringing about this leadership change within the bank.

Welcoming Fadel into his new role, Sheikh Abdullah Nasser Al-Sabah, Chairman of Burgan Bank, said, “On behalf of myself and our Board of Directors, I congratulate Fadel on his new role, and I look forward to seeing him achieve even greater success alongside the rest of our Burgan Bank team.”

Tony Daher, the Group CEO, added, “Over the past months, Fadel has proven to be a valuable asset and visionary leader, helping shape our transformation roadmap. Now, in his expanded role, we are confident that he will be able to direct our teams to realize the vision of this transformation; positioning Burgan Bank as the most modern and progressive bank in Kuwait, seeking continuous evolution and remaining an employer of choice for our industry’s brightest.”

Fadel expressed, “I am grateful for the continued trust that Burgan Bank has placed in me. As we accelerate the progress of our exciting transformation in the year ahead, I look forward to working with the rest of our senior leadership team to further strengthen our core Kuwait business: growing and diversifying our corporate portfolio, expanding our retail market share, and elevating our banking journey for our customers.”