Goldman Sachs Opens Kuwait Office
New York-based Goldman Sachs has further expanded in the Middle East with its latest opening of a new office in Kuwait.
Goldman Sachs has opened a new office in Kuwait, according to a statement. The bank hired Mohammad Almatrouk as a managing director to lead the office and its continued growth in the Middle Eastern country, pending final regulatory approval. Fahad Alebrahim was also recently hired as a managing director within the private wealth management business.
«Kuwait is driving forward a rapid transformation to deliver economic growth and opportunities for its citizens,» said David Solomon, chairman and CEO of Goldman Sachs. «We look forward to deepening our longstanding partnership with Kuwait as we establish this office to grow our capabilities across the Middle East and better serve our clients.»
50-Year Partnership
According to the statement, Goldman and Kuwait have been strategic partners for 50 years, collaborating across initiatives related to investment banking, capital markets and asset management. Efforts include a professional training program led by the US lender to develop local talent within the Kuwait Investment Authority (KIA), the Public Institution for Social Security (PIFSS) and the Kuwait Fund.
«Kuwait remains committed to attracting high-impact, long-term global investors who contribute to our national priorities—particularly in talent development and the nurturing of local expertise,» said Sheikh Dr. Meshaal Jaber Al-Ahmad Al-Sabah, director general of Kuwait Direct Investment Promotion Authority (KDIPA).
«These efforts directly support our economic diversification strategy and reflect our broader vision for sustainable growth and global integration, in line with Kuwait Vision 2035.»
