
Offering of 277,777,777 Ordinary Shares with a Pre-emption Right exercisable by the existing shareholders registered in the shareholder register with the Clearing and Depository Agent as of the Record Date of Burgan Bank K.P.S.C. at an Issue Price of 180 fils per share, representing 100 fils nominal value per share and an issuance premium of 80 fils per share.
Burgan Bank is a Kuwaiti Shareholding Company (Public) (“Burgan Bank” or the “Bank” or the “Company” or the “Issuer”), incorporated in 1975 with authorized capital of KWD 600,000,000 and issued and paid-up capital of KWD 399,635,664.200 as of the Prospectus date. Over five decades of operations, Burgan Bank has become one of Kuwait’s leading full-service commercial banks, with regional operations across the MENAT region.
Burgan Bank is a full-service provider of banking and investment services to corporate and retail clients. The Bank’s business spans corporate and consumer banking, lending, deposits, trade finance, private banking and wealth management, treasury, financial institutions, investment banking, and digital banking channels.