Established in 1977, the Burgan Bank Group is a majority-owned subsidiary of KIPCO. The bank’s subsidiaries include Burgan Bank Türkiye, Gulf Bank Algeria, and Tunis International Bank with a network of 126 branches. In 2023, the bank completed the sale of a 52% stake in Burgan Bank Türkiye for $187.8 million, as well as its 51.8% stake in Bank of Baghdad for $125 million.