Gulf Bank
Top 100 Companies in the Middle East 2021

SR.No: 45

Gulf Bank

Sector: Banks & Financial Services

Date of Establishment: 1960
Country: Kuwait
CEO: Antoine Daher

Sales: $807.5 million

Profits: $95.7 million

Assets: $20.3 billion

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%.