Goldman Sachs Opens Kuwait Office to Expand Middle East Presence

Goldman Sachs has opened a new office in Kuwait, marking a significant expansion in the Middle East and underscoring its long-term commitment to the country and the region. The firm has appointed Mohammad Almatrouk as managing director to lead the Kuwait office, with his appointment pending final regulatory approval, alongside recent hire Fahad Alebrahim in wealth management. Goldman Sachs' partnership with Kuwait spans 50 years and includes collaboration on investment banking, capital markets, and asset management, as well as professional training programs to develop local talent within key Kuwaiti institutions. The move aligns with Kuwait's ambitious transformation agenda aimed at economic growth, diversification, and talent development, consistent with the Kuwait Vision 2035 plan. The expansion has been positively received, reflected in a 1.4% increase in Goldman Sachs' stock price. Both Goldman Sachs and Kuwaiti officials emphasize the importance of attracting long-term global investors to support national priorities and sustainable growth.