81. Gulf Bank

Country: Kuwait
Sector: Banks & Financial Services
Acting CEO & Deputy CEO: Waleed Mandani
Market Value: $3 billion
Sales: $925 million
Profits: $202 million
Assets: $22.4 billion

Established in 1960, Gulf Bank today operates over 50 branches across Kuwait. In January 2023, Gulf Bank and Kamco Invest issued a KWD-dominated corporate bond worth nearly $537 million for the Kuwait Projects Company (Holding), known as KIPCO. In 2022, the bank recorded net profits of $202 million, an increase of 46.8% compared to 2021. Alghanim Trading Co. is the largest shareholder, with a 32.75% stake.