Gulf Bank of Kuwait Gulf Bank of Kuwait Gulf Bank is one of the largest banks in Kuwait with a broad offering of consumer banking, wholesale banking, treasury, and financial services. Gulf Bank was founded in 1960, and listed as GBK on the Kuwait Stock Exchange (KSE) in 1984. The Bank has large network of 58 branches, with total assets of KD5,683 million for year ended 31 December 2017. Gulf Bank was founded in 1960, and commenced business operations in a rented flat on Fahad Al-Salem Street in Kuwait City with a total of 50 employees and a capital of 24 million rupees, equivalent
History of Kuwait terms of the newly drafted constitution, Kuwait held its first parliamentary elections in 1963. Kuwait was the first Arab state in the Persian Gulf to establish a constitution and parliament. In the 1960s and 1970s, Kuwait was the most developed country in the region. Kuwait was first Middle East country to diversify its revenue away from oil exports, establishing the Kuwait Investment Authority as the world's first sovereign wealth fund. From the 1970s onward, Kuwait scored highest of all Arab countries on the Human Development Index, and Kuwait University, founded in 1966, attracted students from neighboring countries. Kuwait's theatre industry