Goldman Sachs Group has announced the opening of a new office in Kuwait, marking a significant step in expanding its Middle East footprint and reinforcing its five-decade partnership with the country.
The move highlights Goldman Sachs’ long-term commitment to the Kuwaiti market and the wider Gulf region, as the firm continues to scale its presence across Investment Banking, Asset Management, and Private Wealth Management.
David Solomon, Chairman and CEO of Goldman Sachs, said Kuwait is moving forward with an ambitious transformation agenda to deliver economic growth and opportunity.
Goldman Sachs eyes Kuwait growth
Solomon said: “Kuwait is driving forward a rapid transformation to deliver economic growth and opportunities for its citizens.
“We look forward to deepening our longstanding partnership with Kuwait as we establish this office to grow our capabilities across the Middle East and better serve our clients.”
Goldman Sachs’ relationship with Kuwait spans 50 years, encompassing collaboration in Investment Banking, Capital Markets, and Asset Management.
A key element of that partnership has been a Goldman Sachs-led professional training programme supporting talent development at leading national institutions including the Kuwait Investment Authority (KIA), the Public Institution for Social Security (PIFSS), and the Kuwait Fund for Arab Economic Development.
The firm said it will continue investing in the recruitment and development of top Kuwaiti talent to serve its regional and global client base.
Sheikh Dr. Meshaal Jaber Al-Ahmad Al-Sabah, Director General of the Kuwait Direct Investment Promotion Authority (KDIPA), said Kuwait remains committed to attracting long-term global investors that contribute to national priorities such as talent development and economic diversification.
“Kuwait remains committed to attracting high-impact, long-term global investors who contribute to our national priorities—particularly in talent development and the nurturing of local expertise,” Sheikh Dr. Meshaal said.
“These efforts directly support our economic diversification strategy and reflect our broader vision for sustainable growth and global integration, in line with Kuwait Vision 2035.”
New leadership appointments
As part of its expansion in Kuwait, Goldman Sachs has appointed Mohammad Almatrouk as Managing Director to lead the new office and oversee the firm’s growth in the country, pending final regulatory approval.
The firm also recently appointed Fahad Alebrahim as Managing Director in its Private Wealth Management division, further strengthening its leadership team in the Gulf.
Goldman Sachs said it continues to scale its presence in the Middle East, identifying the region as a strategic growth market for the firm.
Its Kuwait expansion follows ongoing activity across its regional hubs, as the firm deepens relationships with governments, institutional investors, and family offices.
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