Latest News
- Dubai lender Emirates NBD launches $1 bln bond at 5.75 pct
- BMI Bank & ASBB Boards of Directors approve merger
- Enterprise Qatar subsidises Qatar's Core Skills programme by 70 per cent for SMEs
- Prince Alwaleed receives Chief Executive of UK Trade & Investment
- Oman participates in World Economic Forum on the Middle East & Africa
- Economic obstacles fail to deter unstoppable entrepreneurs
- HE Obaid Humaid Al Tayer heads UAE delegation at 38th Annual Meeting of IDB Board
- Dubai Women Establishment organises first Professional Development Session in 2013
- KFH sponsors 12 graduation projects of College of Engineering and Petroleum students
- ICIEC supports member countries by more than $3 billion in 2012
Gulf Bank
| Financial | 2010 | 2011 | $ Growth | % Growth |
|---|---|---|---|---|
| Total Assets | 16,395,569,417 | 17,181,457,548 | 785,888,131 | 4.79% |
| Total Liabilities | 14,931,605,774 | 15,636,819,243 | 705,213,468 | 4.72% |
| Total Income | 649,281,768 | 543,956,202 | -99,993,183 | -15.53% |
| Net Attributable | 67,934,415 | 109,926,405 | 41,991,990 | 61.81% |
| Return On Assets | 0.41% | 0.64% | 54.41% |
Executive Management
Ali Abdul Rahman Al Rashaid Al Bader
Chairman of the Board
Michel Accad
Chief Executive Officer & Chief General Manager
Michel Accad Prior to joining Gulf Bank, from 2006 to 2009, Michel was the Assistant CEO of Arab Bank PLC, with direct responsibility over all banking businesses globally, and served on the Group’s various boards. Before moving to Arab Bank, Michel had spent 27 years with Citigroup, which he joined in 1979. His last position with Citigroup, from 2002 to 2006, was as MD and Division Executive for the Middle East and North Africa region. Michel has an MBA Honors from the University of Texas in Austin, obtained in 1978.