Established in 1977, the Burgan Bank is a majority-owned subsidiary of KIPCO. It operated a network of 123 branches and 283 ATMs as of March 2025. In January 2025, the bank signed a Share Purchase Agreement to acquire a 100% stake in the United Gulf Bank in Bahrain from United Gulf Holding Company for $190 million. The bank’s net profit rose by 12% in 2024 to $165 million.