Sector: Banks & Financial Services
Date of Establishment: 1960
Market Value: $2.1 billion
Established in 1960 in Kuwait with 50 employees and $6 million in capital, Gulf Bank today is one of the country’s largest conventional banks by assets. Its biggest shareholder is the Alghanim family, which owns 32.7% of the bank, worth $686 million as of May 2021. Behbehani Investment owns 5.4%, while the Public Institution for Social Security owns 5.5%.