Gulf Bank officially introduces Gulf Capital Investment Company

Gulf Bank officially introduces Gulf Capital Investment Company

Following approval from the Capital Markets Authority, Gulf Bank has secured all required regulatory authorizations for the establishment of Gulf Capital Investment Company. Functioning as a closed joint stock enterprise specializing in securities activities, it now operates as the fully owned investment arm of the Bank, with a capital of KD 10 million. After obtaining approvals from the Central Bank of Kuwait and the Ministry of Commerce and Industry, Gulf Bank has obtained the approval of the Capital Markets Authority to license Gulf Capital Investment Company, known as Invest GB. This entity is granted authorization to engage in securities activities, functioning as an investment portfolio manager, investment advisor, custodian, investment controller, collective investment scheme manager, subscription agent, and securities broker not registered in the stock exchange. The validity of this license is for a specified duration from the date of issuance by the Capital Markets Authority. Gulf Bank’s Chairman, Mr. Jassim Mustafa Boodai, conveyed his joy regarding the official launch of Gulf Investment Company, following the successful completion of all regulatory approvals. He highlighted the commencement of its operations in providing a comprehensive range of investment services to meet the aspirations of customers in both local and international markets. Mr.