Gulf Bank is pleased to announce the COVID-19 support program for SME’s as per the framework set by Central Bank of Kuwait and the KNF, based on the instructions of the Government of the State of Kuwait.

To apply to this program, all the below parameters must apply to be eligible for funding. Only entities that are operating effectively prior to the Covid-19 crisis and that are not in default to any bank as on 31/12/2019 and up to the date of applying to this program can be eligible.

Two steps are required to complete the application:

  1. Submit the online application at the bottom of this page.
  2. You will receive an email with a unique ID, download the forms attached in auto-reply email. Fill, sign, scan and reply back along with listed supporting documents to the stated email.


Subject to the terms of the SME definition mentioned in the Executive Regulation of The National Fund for SMEs Development:

  • Sales (up to): KD 1,500,000
  • Assets (up to): KD 500,000
  • Employees (up to): 150
  • Enterprise must be independent and not a subsidiary of another legal entity

Other KNF funding requirements are mandatory including but not limited to the following:

  • Kuwaiti Partners above the age of 21 years old.
  • National Manpower must be in accordance to KNF requirements.
  • Registered under Chapter 5 and managing business on a full-time basis.
  • To be of good conduct and reputation
  • Not in default to any bank on 31/12/2019 or by the time of applying to this program

For further details on the terms and conditions of the program:

Forms to Download

The above forms to be downloaded, filled, signed and send to the auto-reply email with your unique ID.

Supporting Documents

  • Memorandum of Association

  • Memorandum of Amendments

  • Commercial Registry

  • Valid Commercial License

  • Owners Civil ID & Passport

  • Chambers of Commerce & Industry Certificate

  • Audited Financials (2 years)

  • Latest Company Prepared Financials (6 months old)

  • Rental Agreements with proof of regular rent payments for 3-months preceding to March 2020

  • Staff Salaries Record with proof or regular salary payments for 3-months preceding to March 2020

  • Other Supporting Documents

The above supporting documents are requirements to your request. Any missing documents would halt your request. These documents to be sent to the auto-reply email with your unique ID.

Online Application

By clicking Submit, I agree that the above information is true and accurate.
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