Gulf Bank of Kuwait

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The Gulf Bank of Kuwait is one of the leading banks of Kuwait with a total capital of over 82 million Kuwaiti dinars ($280 million US Dollars), over 30 local branches, and over 700 staff members.

[edit] History

The Gulf Bank of Kuwait was first incorporated on November 23, 1960 and began commencing business on October 5, 1961. The bank opened in a rented flat on Fahad Al-Salem Street in Kuwait City with a total of 50 employees and 1.8 million Kuwaiti dinars ($6 million US Dollars). The bank's headquarters relocated to Abdulla Al Salem Street in 1964 and then to Mubarak Al Kabir Street in 1974 which is its current location.