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
Kuwait Fund for Arab Economic Development its original mandate of solely helping countries in the Arab World) and its capital increased from KWD 200 million to KWD 1000 million. In March 1981, Kuwait Fund’s capital was again increased, this time doubled to KWD 2000 million, with its range enlarged to include participation in the capital and resources of development institutions and in the equity capital of certain corporate entities. The Kuwait Fund remained operational during the 1990 Iraqi Invasion of Kuwait While the headquarters were completely ransacked, the Fund regained its operational momentum shortly after the liberation of Kuwait. Through the Kuwait Fund, Kuwait maintains a