Kuwait · Financial institution
Gulf Bank, K.S.C.P.
Legal name in the LEI recordGulf Bank KSCP
Gulf Bank K.S.C.P. is a public shareholding company incorporated in Kuwait on 29 October 1960. It is registered as a bank with the Central Bank of Kuwait and its shares are listed on Boursa Kuwait. Warba Bank became its largest shareholder with 32.75% in April 2025, when it completed the purchase of Alghanim Trading Company. The bank offers consumer, wholesale, treasury and investment services in Kuwait. It received the Central Bank's initial approval to convert to Islamic banking in August 2025. It has been studying a possible merger with Warba Bank since May 2025.
Licences and registrations
Matched by LEI on the 22 tracked registers
None matched by LEI in the 22 tracked registers.
- The tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked.
Swift network
Swift’s ISO 9362 BIC directory
- BIC
- GULBKWKWXXX head office
- Connection to Swift
- Connected to SwiftThis BIC is registered as a live address on the Swift network. The institution sends and receives Swift messages under GULBKWKW directly.
- Swift GPI
- Live member
- Payment schemes and systems
- No entry in the EPC registers, the ECB T2 and TIPS lists or the SIX Bank Master cites this BIC
- Branch codes
- 3 branch codes
- BIC first registered
- 1988-11-21
- Last updated
- 2022-02-14
Overview
Researched 29 Sep 2026 · Sources
Employees
Not published
Ownership
Publicly listed
Ticker GBK
Institution type
Commercial bank
Trades as Gulf Bank
- Standing
- The Central Bank of Kuwait granted initial approval on 18 August 2025 for the bank's conversion to a Sharia-compliant bank. On 18 August 2026 the bank disclosed that it had submitted all requirements and was awaiting the Central Bank's approval to complete the conversion.
- Ownership
- Warba Bank holds 32.75% through Alghanim Trading Company, which it acquired in April 2025, and the remaining shares trade on Boursa Kuwait.
- Major shareholder
- Warba Bank K.S.C.P. (through Alghanim Trading Company) 32.75% · 9 Apr 2025
- Stock listing
- Boursa Kuwait GBK
- Head office
- Mubarak Al Kabir Street, P.O. Box 3200, 13032 Kuwait City, Kuwait
- Company register
- Commercial Registration No. 8347 (Kuwait)
Business lines
The bank reports two segments: Commercial Banking (deposits, consumer and corporate lending, cards and transfers) and Treasury & Investments (money market, FX and funding). Its securities activities are carried out by a wholly owned subsidiary, Gulf Capital Investment Company.
Online
- Websites & references
- e-gulfbank.com ↗
e-tradegulf.com ↗ Boursa Kuwait online trading platform linked from the bank's site
Wikipedia ↗ - Official social accounts
- LinkedIn ↗ · X ↗ · Facebook ↗ · Instagram ↗ · YouTube ↗
Sources · 15 pages consulted
- e-gulfbank.com/media/27614e577a8e2c7d4badf141c58248ac.pdf
- e-gulfbank.com/media/cbbdb24f44f76411bcce4df8ed78d934.pdf
- e-gulfbank.com/en/about-us/executives/executive-management/
- e-gulfbank.com/en/about-us/board/bod/
- e-gulfbank.com/en/investors/announcements/investors-news/2026/07/gulf-bank-records-kd-274-million-in-net
- e-gulfbank.com/en/investors/
- e-gulfbank.com/en/contact-us/
- e-gulfbank.com/en/about-us/converting-islamic-banking/
- e-gulfbank.com/en/about-us/media/press-releases/2025/08/cbk-issued-its-initial-approval-on-the-conversio
- e-gulfbank.com/en/about-us/media/press-releases/2026/07/gulf-bank-appoints-faisal-aladsani-as-deputy-ceo
- kuwaittimes.com/article/47603/business/gulf-bank-holds-first-half-2026-earnings-webcast/amp/
- marketscreener.com/quote/stock/GULF-BANK-K-S-C-P-6545133/news/Gulf-Bank-K-S-C-P-Supplementary-Disclosure-on-
- zawya.com/en/business/m-a/kuwaiti-lenders-gulf-bank-and-warba-bank-exploring-potential-merger-fee48
- islamicfinancenews.com/warba-banks-acquisition-of-gulf-bank.html
- en.wikipedia.org/wiki/Gulf_Bank_of_Kuwait
Leadership
Researched 29 Sep 2026 · Sources
- Chief executive
-
Sami Mahfouz
Acting Chief Executive Officer
- Chair
-
Ahmad Mohammad Al Bahar
Chairman of the Board of Directors
- Chief financial officer
-
David Challinor
Chief Financial Officer - Finance
- Executive
-
Faisal AlAdsani
Deputy CEO
- Executive
-
Soly Mathew
Acting Chief Risk Officer
Supervisors & regulators
Researched 29 Sep 2026 · Sources
- Kuwait
- Central Bank of Kuwait Central bankPrudential supervisorAML supervisor
Recent events
Researched 29 Sep 2026 · Sources
-
Licence
The bank told Boursa Kuwait it had met all initial-approval requirements and asked the Central Bank of Kuwait for approval to complete its Islamic conversion.
e-gulfbank.com ↗ -
Leadership
The bank appointed Faisal AlAdsani as Deputy CEO and Faisal AlGharabally as General Manager of Corporate and International Banking, effective 9 July 2026.
e-gulfbank.com ↗ -
Licence
The Central Bank of Kuwait granted one-year initial approval on 18 August 2025 for the bank's conversion to a Sharia-compliant bank.
e-gulfbank.com ↗ -
Merger / acquisition
The board approved a proposal from Warba Bank on 25 May 2025 to study a merger into one Sharia-compliant entity. The Central Bank of Kuwait was informed.
marketscreener.com ↗ -
Other
Warba Bank completed its acquisition of Alghanim Trading Company on 9 April 2025 and so became holder of 32.75% of the bank.
islamicfinancenews.com ↗ -
Merger / acquisition
Merger discussions between the bank and Boubyan Bank were called off after Alghanim Trading disclosed the sale of its 32.75% stake to Warba Bank.
zawya.com ↗
Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, incidents, leadership changes, mergers and licence changes. Each links to its source.
Identifiers
Head-office record
- BIC
- GULBKWKWXXX
- How the BIC breaks down
- GULBBank
- KWCountry · Kuwait
- KWLocation
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- 254900600P224MZQZD69
- LEI record
- View on GLEIF ↗
- How the LEI was matched
- BIC: Mapped to this BIC in the Swift and GLEIF BIC-to-LEI relationship file.
Profile
- Type
- Financial institutionClassified as a financial institution in Swift’s ISO 9362 BIC directory, with no licence on a tracked register. This includes banks that neither the ECB nor the FSB lists, as well as brokers, fund managers, insurers and market infrastructure.
- Regulation
- Not on a tracked registerNo licence or registration was found for this entity on the registers the directory tracks, or on the ECB and FSB bank lists. Most banks are licensed by national supervisors whose registers are not tracked yet. This does not mean that the institution is unregulated.
- Register licences
- None matched by LEI in the 22 tracked registersThe tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked.
- Country · region
- Kuwait · Middle East & North Africa
- Trading venues (MIC)
- No MIC registered under this LEI list of 2026-09-17
- OFAC sanctions
- No listing cites this BIC
- EU sanctions
- No listing matched this BIC or its LEI
- Country sanctions
- No country programme
Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.
No licence or registration was found for this entity on the 22 registers the directory tracks, or on the ECB and FSB bank lists. Most banks are licensed by national supervisors whose registers are not tracked yet. This does not mean that the institution is unregulated.
Ownership and group
GLEIF relationship records
GLEIF’s relationship records name no parent for this LEI, and no group page is published for it.
Addresses
- Registered address
- MUBARAK AL- KABIR STREET SAFAT 13032 3200 KUWAIT
- Operational address
- MUBARAK AL- KABIR STREET KUWAIT 13032 KUWAIT POB 3200 KUWAIT
ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
A CBPR+ message identifies this institution by its BIC, and may add its LEI or a clearing code. CBPR+ does not allow a name and postal address next to a BIC.
- Identified by
- BIC, with its LEI
- Roles in CBPR+
- Any agent, including the instructing and instructed agents
CBPR+
For cross-border payments on Swift: the BIC, with the LEI and clearing code where known
<FinInstnId>
<BICFI>GULBKWKWXXX</BICFI>
<LEI>254900600P224MZQZD69</LEI>
</FinInstnId>Full record
Every ISO 20022 element the directory holds. Base ISO 20022 allows them together. CBPR+ does not allow a name and address next to a BIC
<FinInstnId>
<BICFI>GULBKWKWXXX</BICFI>
<LEI>254900600P224MZQZD69</LEI>
<Nm>GULF BANK, K.S.C.P.</Nm>
<PstlAdr>
<Ctry>KW</Ctry>
<AdrLine>MUBARAK AL- KABIR STREET SAFAT 13032 3200</AdrLine>
</PstlAdr>
</FinInstnId>Swift’s two address fields do not agree on a town, so the full record gives the address as address lines only.
The BIC, name and address are as published in Swift’s BIC directory. The LEI comes from the Swift and GLEIF BIC-to-LEI file. Check them against your own records before use.
Network
Branches and correspondent banking
All 3 branch BICs connect to the head office. They are all in Kuwait, and no function or registration year splits them further. 4 other banks publish 4 accounts held with this bank.
- Own offices
- Respondent banks: they hold accounts here
Hover over a branch, account or group to see its details
Respondent banks
From the correspondent lists other banks publish
4 other banks publish 4 accounts held with this bank.
| Currency | Respondent bank | Held at | Account | Purpose | Published in |
|---|---|---|---|---|---|
| KWD | Doha Bank Qatar | GULBKWKW | KW69 GULB 0000 0000 0000 0005 8976 16 | — | dohabank.com.qa ↗ dated Jul 2026 |
| KWD | Mashreqbank Psc. United Arab Emirates | GULBKWKWXXX | — | standard settlement instruction | mashreq.com ↗ |
| KWD | SMBC Bank International PLC United Kingdom | GULBKWKW Listed as Gulf Bank KSC Kuwait | KW38GULB0000000000000009101405 | Corporate banking: FX, money market, loans, trade finance, commercial payments | smbcgroup.com ↗ |
| KWD | State Bank of India India | GULBKWKW | 5514465 | — | sbi.bank.in ↗ |
Each row is an account the respondent bank lists as held with this bank, as published. Only banks that publish their correspondent accounts, and that Elucidate has researched, can appear, so the list is not complete. Confirm settlement instructions with either bank before relying on them.
Branch codes
| BIC | Branch | City | Address | LEI | Updated |
|---|---|---|---|---|---|
| GULBKWKWTFS | TRADE FINANCE | Kuwait | GULFBANK HEAD OFFICE FLOOR B2 21 MUBARAK AL KABEER STREET KUWAIT 13032 KUWAIT KUWAIT | — | 2022-01-25 |
| GULBKWKWTRO | TREASURY OPERATIONS | Kuwait | KUWAIT KUWAIT KUWAIT | — | 2022-01-25 |
| GULBKWKWVOS | VOSTRO/KD DEPARTMENT | Kuwait | KUWAIT KUWAIT KUWAIT | — | 2022-01-25 |
Claim this profile
Work at Gulf Bank, K.S.C.P.?
Claim this page to have it marked as verified by the bank, and to send us corrections. We verify every claim before anything changes on the page.
- 01Submit Tell us who you are, using your work email.
- 02We verify We check the email domain and confirm your role with the bank. This usually takes up to five business days.
- 03Profile claimed The page is marked as claimed and verified. You can send us corrections at any time.
Claim received
Thank you. We will email your work address once the claim is verified. Until then, the page stays unclaimed.
The claim was not sent. Try again, or email contact@elucidate.co.
Sources & method
Every value comes from a public source, such as Swift’s ISO 9362 BIC directory, GLEIF or the OFAC and EU sanctions lists. Most sources are matched on a BIC or an LEI, not on a name.
Swift GPI membership is matched on names and is indicative. A missing sanctions match does not mean that no listing applies. Always screen against the official lists.
The sanctions facts on this page cover the BIC and its LEI only.
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
Read the methodology →Credits for this page
- Overview, leadership, regulators and events—researched per institution by an AI model with web search, from the institution's own website and reports, regulators, company registers and news. Figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.
- Images—logos and photos from Wikimedia Commons (credited with their author and licence) or from the institution's own website, where Wikimedia has none. Elucidate keeps a copy of each; the links lead to the source and the original image. Logo: e-gulfbank.com (official website) · original; Sami Mahfouz: e-gulfbank.com (official website) · original; Ahmad Mohammad Al Bahar: e-gulfbank.com (official website) · original; David Challinor: e-gulfbank.com (official website) · original; Faisal AlAdsani: e-gulfbank.com (official website) · original; Soly Mathew: e-gulfbank.com (official website) · original.
Assess the financial crime risk behind a BIC
A BIC identifies an institution; it does not assess it. The Elucidate FinCrime Index (EFI) is an independent score of the financial crime risk of banks, built for correspondent banking and counterparty due diligence.
Book a demo