ShareKUWAIT: Burgan Bank announced the appointment of Abdullah Abdulmajeed Marafie as the General Manager of Treasury, after obtaining the necessary approvals from the Central Bank of Kuwait (CBK). In his new position, Marafie will continue to play a pivotal role in providing leadership and direction for one of Burgan’s most important departments; further safeguarding the Bank’s financial resources, managing risks effectively and ensuring long-term stability.
This appointment reflects Burgan Bank’s concentrated efforts to make human capital development a fundamental facet of its strategy; fostering top national talents in its bid to become an employer of choice in the banking sector. Earlier this year, the Bank unveiled a new strategic framework and transformation roadmap, gearing Burgan towards becoming the most modern and progressive Bank in Kuwait. The announcement entails several appointments and promotions at the leadership level to help execute the bank’s ambitious new vision.
Commenting on this announcement, Fadel Mahmoud Abdullah, Chief Executive Officer (CEO) – Kuwait, said: “On behalf of the Bank, I am delighted to congratulate Marafie on his new, well-deserved appointment. Over the years, he has proven to be a major asset to the Bank, especially in terms of identifying and harnessing business growth opportunities while ensuring strict adherence to regulatory guidelines and funding requirements. We are confident that he will continue to make invaluable contributions to the Bank as we expand our footprint, enhance our capabilities and build on our decades’ long legacy of excellence.”
Fadel added: “In our current transformation journey, strengthening our financial core while preserving our exposure to risk is more important than ever. Marafie is the right leader to help guide us through these growth plans with business insight, and we look forward to continuing on this evolution journey together.” With more than 20 years of expertise in banking and the global financial markets, Marafie began his career at Burgan in 2014 and has since been instrumental in spearheading and executing the Treasury’s strategic initiatives for the Group. Prior to joining the Bank, he held leadership roles at renowned financial organizations, such as Qatar National Bank (QNB), mainly within the Treasury and Investment functions.
In addition to his role at Burgan Bank, Marafie actively contributes to the financial landscape as a board member at Real Estate Facilities Investment Company in Kuwait and 91 Springboard in Singapore. He holds a Bachelor’s degree in Electrical Engineering from Cornell University, USA, and has participated in several prestigious Harvard Business School Executive Leadership programs.
