THE MIDDLE EAST’S

81. Gulf Bank

Country: Kuwait
Sector: Banks & Financial Services
Acting CEO: Waleed Mandani
Market Value: $4.4 billion
Sales: $1.5 billion
Profits: $196 million
Assets: $24.4 billion

Established in 1960 and listed on the Boursa Kuwait in 1984, Gulf Bank has over 50 branches and more than 300 ATMs in Kuwait. In February 2025, InvestGB, Gulf Bank's investment arm, launched its first money market fund, the Lulwa KD Money Market Fund, based on Islamic Shariah principles, with a variable capital ranging from $6.5 million to a maximum of $1.6 billion. In the same month, the bank signed a $650 million senior unsecured syndicated term loan facility.