NATIONAL Bank of Kuwait (NBK) Group, the largest financial institution in Kuwait, has broken ground on its first international headquarters in Bahrain, marking a significant milestone in its regional expansion.
The new headquarters, which was granted the kingdom’s Golden Licence, represents a total investment value of $66 million and is one of the largest contributors to Bahrain’s foreign direct investment (FDI) within the financial sector.
The groundbreaking ceremony took place on the sidelines of the Gateway Gulf 2025 investment forum.
Sustainable Development Minister and Bahrain Economic Development Board (EDB) chief executive Noor Alkhulaif welcomed the move.
“NBK’s decision to establish its first international headquarters in Bahrain is a strong vote of confidence in the kingdom’s dynamic financial ecosystem, our talented workforce, and our sustainable development vision,” she said.
Ali Fardan, chief executive of NBK Bahrain, noted the bank has operated in the kingdom for nearly four decades. “The establishment of our first headquarters outside Kuwait reflects the depth of our partnership with Bahrain and our continued confidence in its role as a platform for regional growth,” he added.
The new building will be developed in alignment with LEED (Leadership in Energy and Environmental Design) standards, reflecting NBK’s commitment to sustainability. Once completed, the headquarters will consolidate all of NBK Bahrain’s operations and provide room for future expansion and new lines of business.
NBK Bahrain, established in 1987, obtained its retail banking license in 2003 and plays a vital role in regional financial connectivity.
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