Industry: Banking & Finance
Company: Gulf Bank
Country: Kuwait (Lebanon)
Accad has been “turning around” Gulf Bank since it lost its entire capital, worth nearly $1bn, during 2008-09 and was partially bailed out by the Kuwaiti investment authority, which became a 16 percent shareholder.
Since then, the Kuwait-based institution has recorded consistent profits while ensuring it is one of the most efficient financial institutions in the Gulf.
Established in 1960 it is the fourth-largest in the emirate, according to market value, and has a network of 51 branches.