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. It has 42 branches distributed around Kuwait, including the main branch (Mubarak AlKabir branch).