Goldman Sachs Opens its New Office in Kuwait

Global financial powerhouse Goldman Sachs Group Inc. has officially announced the opening of its new office in Kuwait, marking a significant expansion of the firm’s presence in the Middle East.

The move underscores Goldman Sachs’ commitment to supporting Kuwait’s rapidly evolving economy and deepening its long-standing partnership with the country.

“Kuwait is driving forward a rapid transformation to deliver economic growth and opportunities for its citizens,” said David Solomon, Chairman and CEO of Goldman Sachs. “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,” he added.

To lead its operations in the country, Goldman Sachs has appointed Mohammad Al-Matrouk as Managing Director to head the Kuwait office. Al-Matrouk will oversee the firm’s local strategy and strengthen ties with public and private sector clients as Kuwait continues to advance its Vision 2035 diversification goals.

Additionally, the firm has named Fahad Al-Ibrahim as Managing Director of Private Wealth Management, emphasizing Goldman Sachs’ growing focus on the region’s wealth management market. His appointment reflects the firm’s strategic commitment to offering world-class financial advisory services and investment solutions tailored to high-net-worth clients in the Gulf region.

The establishment of the Kuwait office follows Goldman Sachs’ broader regional expansion, complementing its existing presence in cities such as Dubai, Riyadh, and Doha. This move further positions the firm at the heart of economic transformation across the Gulf Cooperation Council (GCC), as regional economies accelerate diversification, investment, and innovation.

By opening its Kuwait office, Goldman Sachs not only strengthens its footprint in the Middle East but also reinforces its role as a key financial partner in supporting the region’s economic growth and modernization.