A Legacy Intertwined with Kuwait’s Progress

• Since its establishment on October 29, 1960, Gulf Bank has been a steadfast partner in the infrastructure and socioeconomic renaissance of the State of Kuwait.
• Gulf Bank is regarded as one of the principal supporters of Kuwait Vision 2035, distinguished by its pivotal role in financing major national development projects.
• Gulf Bank continues to receive international accolades and recognitions, ranking among the top 100 listed companies in the Middle East.
• It is ranked among Kuwait’s top ten strongest brands and fourth among local banks, with a brand value of USD 244 million.
• The Bank provides a comprehensive portfolio of banking services through an extensive network of over 50 branches and more than 300 ATMs across Kuwait.
• Leading international rating agencies affirm the Bank’s creditworthiness and financial strength, supported by its solid capitalization, profitability, and high-quality asset base.
• The Bank’s headquarters is recognized as one of the most prominent architectural landmarks in the heart of Kuwait City, symbolizing its history, heritage, and enduring legacy.
• The Al Danah Millionaire Account, launched in 1998, has evolved into the largest cash prize linked to a bank account worldwide, reinforcing Gulf Bank’s reputation for innovation and customer engagement.
• Since 2014, Gulf Bank has organized the Gulf Bank 642 Marathon, which has become Kuwait’s largest and only internationally certified marathon, reflecting the Bank’s commitment to promoting health, wellness, and community engagement.

Sixty-five years ago, a modest dream took shape on Fahad Al-Salem Street in the heart of Kuwait City. In a small rented apartment, with only fifty employees and a capital of twenty-four million rupees — equivalent to 1.8 million Kuwaiti Dinars — twelve visionary merchants laid the foundation of what would become one of Kuwait’s most enduring institutions: Gulf Bank.

From those humble beginnings in 1960, Gulf Bank embarked on a journey that would soon intertwine with the story of Kuwait itself — its progress, its people, and its future.

On November 27, 1960, Amiri Decree No. (44) officially recognized Gulf Bank as a Kuwaiti shareholding company, marking the beginning of a remarkable era of banking excellence and national contribution.

A Journey of Growth and Transformation

Over the decades, Gulf Bank transformed from a small local establishment into a pillar of Kuwait’s economy and one of the region’s most trusted financial institutions.

With total assets reaching KD 7.3 billion as of June 2025, the Bank today provides a comprehensive range of consumer, corporate, and treasury services through a network of over 50 branches and more than 300 ATMs spread across the country.

Behind this growth lies a steadfast philosophy- one rooted in careful expansion, digital innovation, and a deep commitment to sustainability. Gulf Bank’s strategy has always balanced progress with responsibility, ensuring that every step forward aligns with the economic, environmental, and social pillars of Kuwait’s vision for the future.

Financial Strength, Proven Trust

Gulf Bank’s reputation for financial soundness has long been recognized by international rating agencies. Its ratings; A3 from Moody’s, A from Fitch, and A+ from Capital Intelligence, all with Stable Outlooks reflect the Bank’s prudent management, strong capitalization, and resilient profitability.

These achievements are not merely financial milestones, but a testament to Gulf Bank’s unwavering commitment to stability and excellence, even in times of change.

A Legacy Carved in Stone

The Bank’s enduring presence is perhaps best symbolized by its headquarters in Kuwait City, a masterpiece of mid-century architecture that remains one of the city’s most recognizable landmarks.

Designed in 1961 by the renowned French architect Jean Robert Delb, the nine-story building combined innovation and elegance, using precast concrete elements to manage sunlight and distinctive columns that gave the structure its bold, modern identity.

Recently restored to preserve its historical essence, the building now stands as both a heritage icon and a model of green design, reflecting the Bank’s respect for the past and its readiness for the future.

Financing Kuwait’s Vision

Throughout its history, Gulf Bank has stood as a partner in Kuwait’s national development, helping build the foundations of the nation’s infrastructure and prosperity.

The Bank has financed many of the country’s most transformative projects — from Sheikh Jaber Al-Ahmad Bridge, Sabah Al-Ahmad Residential City, and Farwaniya Hospital, to the Sheikh Abdullah Al-Salem and Sheikh Jaber Al-Ahmad Cultural Centers, Sabah Al-Salem University City, and the Clean Fuels and Al-Zour Refinery projects.

Through these partnerships, Gulf Bank has not only supported the nation’s Vision 2035 but also played an active role in shaping a Kuwait that is more connected, sustainable, and forward-looking.

At the Heart of the Community

If the Bank’s financial achievements define its strength, its relationship with the community defines its soul. For six and a half decades, Gulf Bank has remained the closest to the people, organizing initiatives that touch lives and create opportunities. From education and youth programs to environmental and cultural initiatives, every effort reflects the Bank’s belief that true success lies in serving society, not just shareholders.

Among its most celebrated contributions is the Al Danah Millionaire Account, launched in 1998. What began as a simple savings initiative has become a Kuwaiti phenomenon, recently earning recognition from Guinness World Records as the largest cash prize linked to a bank account worldwide.

Now celebrating its 25th anniversary, Al Danah Millionaire Account continues to transform lives with prizes totaling over KD 2 million annually, making dreams come true for hundreds of loyal customers every year.

Running Toward a Healthier Nation

Beyond banking, Gulf Bank has championed the values of wellness and inclusion through the Gulf Bank 642 Marathon- Kuwait’s only internationally certified marathon.

Since its first edition in 2014, the marathon has grown into a national celebration of unity and perseverance, welcoming more than 10,000 runners each year — from children and professionals to people with special needs.

It is more than a race; it is a testament to the Bank’s belief that progress is achieved step by step, together.

A Trusted Brand, A Progressive Vision

Today, Gulf Bank stands proudly among Kuwait’s Top Ten Strongest Brands and fourth among local banks, with a brand value of USD 244 million, according to Brand Finance.

his recognition underscores the Bank’s sustained growth, market leadership, and reputation for trust, innovation, and customer-centricity.

Equally, Gulf Bank takes pride in its people. Women now represent 42% of the workforce, while youth under 35 comprise more than 58% — a reflection of the Bank’s culture of diversity, empowerment, and equal opportunity.

65 Years Forward

From a single rented office in 1960 to a nationwide network serving generations of Kuwaitis, Gulf Bank’s story is one of vision, resilience, and belonging.

For sixty-five years, it has grown with Kuwait — through prosperity and change, challenges and triumphs — always guided by one enduring promise: to move forward together.

As Gulf Bank looks ahead, it does so with renewed confidence and purpose committed to innovation, sustainability, and progress, as it continues to shape the financial future of Kuwait for generations to come.