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

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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.

Kuwait's Gulf Bank in $1.4bn capital hike after shock loss

Monday, 17 November 2008 11:48 PM

Entire board resigns as state fund agrees to mop up any shares left unsubscribed.

Foreign investors 'interested in Gulf Bank stake'

Wednesday, 12 November 2008 10:08 AM

Noor Financial Investment Co says two institutions mull move for Kuwait bank.

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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

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First Gulf Bank prices debut A$250m Kangaroo bond

Tuesday, 25 March 2014 1:17 PM

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First Gulf Bank names bankers for debut Kangaroo bond

Monday, 24 March 2014 2:13 PM

Abu Dhabi bank mandates ANZ, HSBC and Nomura for first move into Aussie dollar market

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Tuesday, 18 March 2014 2:00 PM

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Wednesday, 26 February 2014 7:35 PM

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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
Alghanim Industries
Expansion for Trading and Construction
Behbehani Investment Company
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