Gulf Bank cel­e­brates its 55th an­niver­sary

Proud to serve Kuwait Thanks to all who are and have been part of the Gulf Bank fam­ily

Kuwait Times - - BUSINESS -

KUWAIT: Gulf Bank is happy to cel­e­brate its 55th an­niver­sary. On 23 Novem­ber 1960, His High­ness Ab­dul­lah Salem Al-Sabah, The Amir of Kuwait, signed Amiri De­cree No (44) rec­og­niz­ing Gulf Bank as a share­hold­ing com­pany. Days later, on 27 Novem­ber 1961, the found­ing de­cree was pub­lished in the of­fi­cial gov­ern­ment news­pa­per “Kuwait Alyoum”.

The Bank was founded by a group of twelve mer­chants and has grown to be­come one of Kuwait’s largest fi­nan­cial in­sti­tu­tions to­day. The Bank’s first Board of Direc­tors in 1961 was com­prised of: Chair­man - Khaled Al Yusuf Al-Mutawa; Vice Chair­man - Ali Ab­dul­rah­man Al-Ba­har; Del­e­gate mem­ber Ab­du­laziz Al-Saleh; Ah­mad Bazea Al-Yassin; Ab­dul­wa­hab Ab­du­laziz Al-Qatami; Ab­du­laziz Ab­dulmohsen Al-Rashed; Ab­dul­wa­hab AlKhal­ifa Al-Sha­heen Al-Ghanim; Da­woud Musaad Al-Saleh; Khalid Fu­laij Al-Ali Al-Fu­laij; Mustafa Sul­tan Al-Essa; Ab­dul­latif Ab­dul­lah Al Mehri; and Jassem Mo­hammed Al-Waz­zan.

Once Gulf Bank was founded it 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 to KD 1.8 mil­lion ($ 6 mil­lion). The Bank re­ceived per­mis­sion from the Kuwait mu­nic­i­pal­ity in 1961, to con­struct its head­quar­ters and was ini­tially granted per­mis­sion to build up to four floors and an op­tional base­ment. Over the years, ad­di­tional floors were con­structed in the head­quar­ters, but care was taken to main­tain the orig­i­nal ar­chi­tec­ture and de­sign of the build­ing whereby main­tain­ing its his­toric look and keep­ing to its early roots. The Bank’s Head­quar­ters is con­sid­ered to be one of Kuwait City’s land­marks.

The Bank’s logo and branch con­cept de­sign is strongly in­spired by Kuwait’s sea­far­ing her­itage. The decor of the cus­tomer area and fur­nish­ings have been spe­cially de­signed in the shape of a dhow and fit­ted with com­ple­men­tary ac­ces­sories match­ing the in­trin­sic nau­ti­cal theme. Cus­tomers en­ter­ing the branch ex­pe­ri­ence the warmth and spirit of true Kuwaiti her­itage cou­pled with an ef­fi­cient and high-qual­ity bank­ing ser­vice en­vi­ron­ment, as well as ex­cep­tional cus­tomer ser­vice. Gulf Bank cur­rently has a net­work of 56 branches strate­gi­cally po­si­tioned in key lo­ca­tions in Kuwait, in­clud­ing its Head­quar­ters (Mubarak Al-Kabeer branch).

Gulf Bank has con­trib­uted to serv­ing the coun­try’s in­creas­ing de­vel­op­men­tal re­quire­ments, and has be­come an in­dus­try lead­ing bank­ing ser­vices provider. Un­der the strate­gic di­rec­tion of its Chair­man Omar Ku­tayba Al­ghanim and its ded­i­cated board of direc­tors the Bank con­tin­ues to grow, ex­pand, and in­no­vate in or­der to bet­ter serve our val­ued cus­tomers. Gulf Bank ex­presses its grat­i­tude and ap­pre­ci­a­tion to all those who, over the years, have been part of the Gulf Bank fam­ily and worked to help the Bank achieve suc­cess.

Newspapers in English

Newspapers from Kuwait

© PressReader. All rights reserved.