Rank: 31
Gulf Bank
Date of Establishment: 1960
Country: Kuwait
CEO: Antoine Daher
Sales: $807.5 million
Profits: $95.7 million
Assets: $20.3 billion
Market Value: $2.4 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%.