InvestGB, serves as the fully owned investment arm of Gulf Bank, one of Kuwait leading banks, and is entrusted with the meticulous management of our valued clients assets. The establishment of InvestGB is part of Gulf Bank strategy 2025 and complements the Bank core business while enhancing customer offerings predominantly for its private and corporate banking clients. The consolidated investment activities will positively enhance the fees and commission income of the bank in the future.

As of the end of December 2023, Gulf Bank stands as one of Kuwait leading banks, with total assets amounting to KD 7.2 billion and continues to be well recognized in terms of its creditworthiness and financial strength internationally. During the year 2023, Moodys Investor Services has affirmed the A3 long term deposit ratings of Gulf Bank and changed the outlook to Positive from Stable. This upgrade is an acknowledgement of Gulf Bank sound capitalization, improving profitability and strong asset quality. In addition, Fitch Ratings affirmed the Banks Long Term Issuer Default Rating at A with a Stable Outlook and a Viability Rating of bbb-. The Bank has also an affirmed Long term Foreign Currency Rating of A+ with a Stable Outlook from Capital Intelligence Ratings.

During 2023, Gulf Bank was recognized by several prestigious organizations. Gulf Bank was awarded with Best Prepaid Card Program in Kuwait award for 2023 during the Mastercard MENA East Business Forum, for the Gulf Bank Mastercard Prepaid Card. In addition, Gulf Bank was awarded two awards for Best Training and Development and Excellence in Diversity and Inclusion by the Middle East and North Africa Human Resources Management Summit 2023 signifying Gulf Bank outstanding efforts in enhancing its employees skills and achievements in promoting sustainability principles within the workplace. Furthermore, Gulf Bank was awarded The Prestigious Excellence in Data Innovation award by the 2023 Finnovex Awards Summit in recognition of its excellence in leveraging data to drive transformative change and create new opportunities in the banking industry.

Our strategic partnership with Avaloq aligns perfectly with our commitment to innovation and our mission to deliver long term value to our clients