Gulf Bank

Publicly listed since 1984, Gulf Bank generated an average of USD 1 million of net profit per day in 2006. Gulf Bank was one of the first Kuwaiti Banks to be established after the independence of the State of Kuwait.

Its main business activities include retail banking, corporate banking, and treasury and investment management. Founded in 1960 with 50 employees working out of a rented apartment, Gulf Bank has expanded to offer a network of 41 branches across Kuwait by 2007.

Gulf Bank was the first bank in Kuwait to introduce an ATM service in the country.
More about the company
Address: Al Mubarak Al Kabir Street PO Box 3200 , Kuwait City, KUWAIT


Joint stock

29 October 1960


965 2449501

965 2412849

Related articles

Gulf Bank reports net profit of $1.82m in Q1

Gulf Bank reports net profit of $1.82m in Q1

Sunday, 25 April 2010 12:09 PM

Bank results fall below analysts' forecasts for first quarter of 2010 - Reuters survey.

Kuwait's Gulf Bank narrows 2009 loss

Kuwait's Gulf Bank narrows 2009 loss

Monday, 22 February 2010 9:42 PM

Bank's operating profits expected to be sufficient to absorb additional provisioning requirements.

Kuwait markets affected by Dubai downturn

Wednesday, 2 December 2009 1:11 AM

Although markets slumped, Kuwait experts confidently predict Dubai's crisis to be only temporary.

Gulf Bank CEO eyes start of recovery in 2010

Monday, 28 September 2009 1:08 PM

Crisis-hit Kuwait bank also says exposure to Saad, Algosaibi would be contained, dealt with.

Zain Saudi Arabia seals $2.5bn loan

Tuesday, 11 August 2009 10:30 PM

Facility to be used to repay existing Murabaha, as well as fund network expansion and future growth.

Gulf Bank makes Q2 loss after H1 Saudi provisions

Sunday, 2 August 2009 7:14 PM

UPDATE 2: Analyst expects performance of Kuwait-based bank to improve in H2.

Gulf Bank reports $20.4m Q2 loss

Sunday, 2 August 2009 3:18 PM

The Kuwaiti lender says in a statement it made a net loss in the first half of the year to June 30 of KD7.5m.

Gulf Bank back to profitability

Wednesday, 13 May 2009 7:47 PM

Despite improvement at Kuwait-based bank, net profit still down 95% on corresponding quarter last year.

Kuwait financial sector 'nearly stable'

Saturday, 9 May 2009 8:09 PM

Central bank governor says too early to tell whether it has totally overcome impact of global crisis.

Gulf Bank share price halves as trading resumes

Gulf Bank share price halves as trading resumes

Tuesday, 14 April 2009 10:43 AM

Kuwaiti bank badly hit by losses in derivative trading and stopped trading last Oct.

'Worst over' for Kuwaiti banking sector

Sunday, 12 April 2009 8:38 PM

Q1 profits expected to decline year on year, but improve from losses in prior quarter.

Gulf Bank to make Q1 profit on back of rescue plan

Saturday, 11 April 2009 3:49 PM

December's bailout from shareholders covered $1.29bn loss in derivitives.

Kuwait to launch $275m bond scheme on April 8

Kuwait to launch $275m bond scheme on April 8

Monday, 6 April 2009 3:03 PM

The new one-year treasury bond is fifth in a year, it will carry 2.25% coupon.

Kuwait Gulf Bank made $5.52m net loss in Jan

Monday, 23 March 2009 1:30 PM

Start of 2009 shows improvement for troubled bank despite on-going losses.

Kuwait central bank to issue further tranche of T-bills

Sunday, 22 March 2009 9:53 PM

Latest tranche to be issued (92m dinars) carries a coupon rate of 2.25%.

Kuwait's Gulf Bank posts $1.54bn losses for Q4 2008

Saturday, 21 March 2009 3:13 PM

Fourth-largest bank suffers full-year net loss for 2008, against net profits, 2007.  

Kuwait ruler accepts cabinet resignation

Monday, 16 March 2009 11:10 PM

UPDATE 3: Economic stimulus plan under threat as fifth cabinet in two years hands in its resignation.

Kuwait cabinet approves $1.4bn Gulf Bank issue

Tuesday, 23 December 2008 6:27 PM

Troubled bank's emergency rights issue authorised after it suffered huge losses.

Investors throw lifeline to troubled Gulf Bank

Tuesday, 2 December 2008 12:13 PM

UPDATE 3: Approval by shareholders for $1.3bn emergency rights issue to cover huge losses.

Gulf Bank not seeking merger

Sunday, 23 November 2008 11:06 AM

New chairman says merger not priority until restructuring ordered by Kuwait's central bank is finalised.

Related searches

Gulf banks said to apply for Qatar licence

Tuesday, 15 September 2015 12:18 PM

First Gulf Bank from the UAE, Bank Muscat from Oman are said to be among those who have applied.

UAE's First Gulf Bank Q2 net profit rises 8%

Sunday, 26 July 2015 6:17 PM

FGB made a net profit of $395 million for the three months to June, boosted by lending rise, dip in bad loans

Gulf banks increase lending footprints in Asia, Africa

Wednesday, 20 May 2015 4:12 PM

There's an emerging trend in international capital markets: the rise of the Gulf as a syndicated loan market for Africa and Asia

Gulf banks tighten credit for small firms as cheap oil bites

Tuesday, 28 April 2015 1:39 PM

Move is a sign that the region's economies are not escaping damage from the plunge of oil prices

Gulf bank results to show signs of strain from low oil prices

Tuesday, 7 April 2015 6:34 PM

Lower oil prices are set to end a run of bumper earnings for banks in the Gulf region

Saudi Arabia underperforms Gulf as banks slide on fee worries

Monday, 30 March 2015 6:56 PM

Most Middle East stock markets edge up but banks and petrochemicals drag down Saudi Arabia

Gulf banks in new lending bonanza as foreign banks falter

Tuesday, 22 July 2014 9:55 AM

"Local banks are more eager to lend today than at any time in the last five years"

How Gulf banks are helping to underwrite region's aviation boom

Tuesday, 3 February 2015 3:57 PM

Figures from Airbus show that 47% of MidEast aircraft deals in the first 11 months of last year were funded by local banks

UAE's First Gulf Bank reports 13% jump in Q4 net profit

Wednesday, 28 January 2015 5:30 PM

Third largest lender in the UAE beats analysts estimates by making $422m profit in three months to Dec 31

UAE's First Gulf Bank looks to Asia for expansion

Thursday, 11 December 2014 5:59 PM

Senior exec says Abu Dhabi bank is particularly looking to grow brand in North Asia, mainland China

UAE's First Gulf Bank builds investment banking business

Tuesday, 4 February 2014 5:02 PM

Lender says it is hiring investment bankers to tap pickup in companies issuing debt

Kuwait's Gulf Bank posts 9% rise in Q2 net profit

Tuesday, 15 July 2014 5:03 PM

Gulf state's fourth-largest lender says it made profit of over $24m in three months to end of June

UAE's First Gulf Bank posts 27% rise in Q1 net profit

Wednesday, 23 April 2014 6:40 PM

UAE banks in general have recorded impressive growth in the first quarter, continuing the trend from 2013

Kuwait's Gulf Bank posts 10% rise in Q1 net profit

Monday, 14 April 2014 2:03 PM

Country's fourth-largest lender makes $31.1m in the three months to the end of March

Gulf banking revenues outperform global rivals in 2013

Saturday, 12 April 2014 10:24 AM

New report also says loan loss provisions and profits varied significantly by country in Gulf region

Officers »
Board of Directors Position
Abdulaziz Abdulrahman Abdulaziz Al Shaya
Board Member
Hussain Ahmed Qabazard
Board Member
Khaled Saoud Al Hassan
Board Member
Naser Yousef Naser Bourisli
Board Member
Mahdi Mahmoud Haji Haidar
Board Member
Management Position
Sana Juma
General Manager - Corporate Banking
Nazem Suleiman Al Qennae
General Manager - Retail Banking
Fawzi Al Thunayan
General Manager - Board Affairs
Surour Al Samerai
General Manager - Human Resources
Khaled Al Moutawah
General Manager - International Banking
View all
Major Shareholders
Name Country
Zumorroda Investment Company
Expansion for Trading and Construction
Behbehani Investment Company
Alghanim Industries
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