Burqan completes procedures to increase its capital to KD 427.4 million
Burqan Bank closed the subscription period for its capital increase to KD 427.41 million, strengthening its regulatory capital ratios.
Translated by Qiyas from الجريدة — Original source
Burkan Bank announced that it has completed all procedures related to increasing its issued and paid-up capital from 399.63 million Kuwaiti dinars to 427.41 million dinars through the issuance of 277.78 million new shares.
In a disclosure to the Kuwait Stock Exchange, the bank stated that the subscription period for the capital increase closed on September 14, 2026, and all shares of the issuance were fully subscribed and allocated to subscribers. The total value of the issuance amounted to approximately 50 million dinars, of which 27.77 million dinars represented the nominal value of the new shares, and 22.22 million dinars constituted the issuance premium.
Burkan Bank noted that this move increased the number of fully issued and paid-up shares from approximately 3.996 billion to 4.274 billion, representing an increase of nearly 7%. Additionally, the issued and paid-up capital rose by 27.78 million dinars, from 399.64 million dinars to 427.41 million dinars.
The bank explained that the capital increase is expected to strengthen the capital base and improve regulatory capital ratios by approximately 60 basis points across all capital tiers, including Common Equity Tier 1 (CET1), Tier 1 Capital, and the Total Capital Adequacy Ratio (CAR).
