Goldman Sachs opens Kuwait office to strengthen Middle East presence

Kuwait City, Kuwait – October 8, 2025: Global investment banking leader Goldman Sachs has announced the opening of its new office in Kuwait, marking a major step in expanding its footprint across the Middle East and enhancing its ability to serve regional clients.

The move underscores the firm’s long-standing commitment to Kuwait, where it has been a strategic partner for more than 50 years across investment banking, capital markets, and asset management.

A half-century partnership built on trust

Goldman Sachs’ history in Kuwait stretches back to the early days of the country’s financial sector, having supported both public and private institutions through decades of growth and economic diversification.

A key part of this collaboration has been the Goldman Sachs–led professional training initiative, designed to develop local talent within leading Kuwaiti institutions such as the Kuwait Investment Authority (KIA), the Public Institution for Social Security, and the Kuwait Fund for Arab Economic Development.

The program has played a significant role in building financial expertise and leadership capacity across the country’s investment ecosystem.

Commitment to long-term regional growth

“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,” said David Solomon, Chairman and CEO of Goldman Sachs.

The establishment of the Kuwait office reflects the bank’s broader regional strategy to strengthen its presence across the Gulf, complementing existing operations in Dubai, Riyadh, and Doha.

Leadership appointments and local expertise

As part of the expansion, Mohammad Almatrouk has been appointed Managing Director to lead the new Kuwait office, pending regulatory approval.

The firm also announced the appointment of Fahad Alebrahim as Managing Director in the Private Wealth Management Division, reinforcing Goldman Sachs’ focus on serving high-net-worth and institutional clients in the region.

A key market for global finance

Oil-rich Kuwait is home to the Kuwait Investment Authority (KIA), one of the world’s largest sovereign wealth funds, with assets estimated in the hundreds of billions of USD. The country has long been a focal point for international investors due to its strategic geographic position, economic resilience, and significant capital market potential.

Goldman Sachs’ new office is expected to play a central role in deepening financial cooperation with key Kuwaiti institutions while supporting the growth of the country’s financial sector and its integration into the global economy.