Prime Highlights:
- Goldman Sachs opens a new office in Kuwait, reinforcing its commitment to the Middle East and expanding investment banking, asset management, and private wealth management services.
- The firm focuses on developing local talent through training programs and long-term partnerships with key Kuwaiti institutions.
Key Facts:
- Goldman Sachs and Kuwait have maintained a strategic partnership for over 50 years, collaborating on investment banking, capital markets, and asset management initiatives.
- Mohammad Almatrouk has been appointed as Managing Director to lead the new office and oversee regional growth, pending regulatory approval.
Key Background:
Goldman Sachs, a top global financial firm, has opened a new office in Kuwait, showing its commitment to the country and the Middle East. The office will help the firm grow its investment banking, asset management, and private wealth management services.
Kuwait and Goldman Sachs have been working together for over 50 years. During this time, they have collaborated on many projects in investment banking, capital markets, and asset management. A key part of their partnership is a Goldman Sachs training program that develops local talent at institutions like the Kuwait Investment Authority (KIA), the Public Institution for Social Security (PIFSS), and the Kuwait Fund. This program helps Kuwaiti professionals gain skills for the global financial industry.
As part of its expansion, Goldman Sachs has appointed Mohammad Almatrouk as Managing Director to lead the new office and guide the firm’s growth in Kuwait, pending regulatory approval. In addition, Fahad Alebrahim has joined the firm as a Managing Director in its Private Wealth Management division, strengthening the team’s expertise and client offerings.
“Kuwait remains committed to attracting high-impact, long-term global investors who contribute to our national priorities, particularly in talent development and nurturing local expertise,” said Sheikh Dr. Meshaal Jaber Al-Ahmad Al-Sabah, Director General of Kuwait Direct Investment Promotion Authority (KDIPA). He added that such initiatives support Kuwait’s economic diversification strategy and align with the broader vision for sustainable growth under Kuwait Vision 2035.
The Middle East is committed to the expansion of Goldman Sachs, as evidenced by the new office. The company is growing, forming alliances, providing financial solutions, and contributing to the local talent.
It also contributes to the fact that Kuwait has become increasingly appealing as a destination for international investment and enhances the presence of Goldman Sachs in the region on a long-term basis.
