financetom
Business
financetom
/
Business
/
Goldman Sachs opens Kuwait office to expand Middle East presence
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Goldman Sachs opens Kuwait office to expand Middle East presence
Oct 6, 2025 3:26 PM

Oct 6 (Reuters) - Goldman Sachs ( GS ) has opened a new

office in Kuwait, it said on Monday, in a bid to expand its

services to regional clients and deepen its footprint in the

Middle East.

The bank said it had been Kuwait's strategic partner across

investment banking, capital markets and asset management for

more than 50 years.

A Goldman Sachs ( GS )-led professional training initiative aimed

at developing local talent across KIA, the Public Institution

for Social Security and the Kuwait Fund has been a key element

of the partnership.

"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," CEO David

Solomon said.

As part of the expansion, Goldman Sachs ( GS ) appointed Mohammad

Almatrouk as managing director to lead the new office, subject

to regulatory approval. The bank also recently named Fahad

Alebrahim as managing director in its private wealth management

division.

Oil-rich Kuwait is home to Kuwait Investment Authority

(KIA), one of the world's biggest sovereign wealth funds.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Tsakos Energy Navigation Expands Tanker Fleet
Tsakos Energy Navigation Expands Tanker Fleet
May 16, 2024
05:16 PM EDT, 05/16/2024 (MT Newswires) -- Tsakos Energy Navigation ( TNP ) said late Thursday it expanded its tanker fleet to six this year with the Poppy S super eco Suezmax vessel, which was delivered Tuesday. The company expects another vessel to be delivered by the end of this month. Tsakos said all the vessels are employed on time-charter...
Cirrus Logic CFO Venk Nathamuni Resigns
Cirrus Logic CFO Venk Nathamuni Resigns
May 16, 2024
05:15 PM EDT, 05/16/2024 (MT Newswires) -- Cirrus Logic ( CRUS ) said late Thursday that Chief Financial Officer Venk Nathamuni has resigned, effective May 24, to pursue an opportunity outside the semiconductor industry. The board appointed Ulf Habermann as interim CFO. Habermann will continue to serve as principal accounting officer, the company said. ...
--Unity Bancorp Keeps Dividend at $0.13 a Share, Payable June 21 to Holders of Record June 7
--Unity Bancorp Keeps Dividend at $0.13 a Share, Payable June 21 to Holders of Record June 7
May 16, 2024
05:01 PM EDT, 05/16/2024 (MT Newswires) -- Price: 27.59, Change: -0.11, Percent Change: -0.40 ...
Arcosa Insider Sold Shares Worth $853,953, According to a Recent SEC Filing
Arcosa Insider Sold Shares Worth $853,953, According to a Recent SEC Filing
May 16, 2024
05:12 PM EDT, 05/16/2024 (MT Newswires) -- Jesse E. Collins Jr., Group President, on May 15, 2024, sold 9,626 shares in Arcosa ( ACA ) for $853,953. Following the Form 4 filing with the SEC, Collins has control over a total of 12,970 shares of the company, with 12,970 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1739445/000173944524000095/xslF345X03/wk-form4_1715893542.xml ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved