Kuwait, 2 November 2010: Gulf Bank has achieved an unprecedented accomplishment by winning the coveted Localization Award for the sixth consecutive year from the GCC Council of Ministers of Labour and Social Affairs. Mr. Surour Alsamerai, General Manager of Human Resources at Gulf Bank received the Localization Award at an event hosted by the GCC Council of Ministers of Labour and Social Affairs at the Regency Hotel in Kuwait on Monday, November 1st, 2010.

The award reflects Gulf Bank's ability to overcome challenges which is demonstrated by its exemplary success in surpassing expectations. The Bank managed to recruit and develop the national workforce throughout the years, guaranteeing its leadership over any other institution in Kuwait or the GCC, and therefore reinforcing the significance of this achievement for the Bank and the Kuwaiti people.

The award further builds on the Bank's excellence in localization, demonstrating a commitment to developing careers for Kuwaitis within the Bank. Through dedicated human resources practices geared to supporting Kuwaitis, including tailored training and development, Gulf Bank is focused on helping people to achieve their career aspirations in the banking industry. The award highlights Gulf Bank's continuous efforts in achieving and maintaining one of the highest employment percentages of Kuwaiti nationals across the private sector, as well as being the first Kuwaiti bank to achieve this status.

The Localization Award by the GCC Council of Ministers of Labour and Social Affairs, which was awarded to Gulf Bank, is amongst many awards the Bank has received for its contributions across various sectors. To find out more about Gulf Bank's awards, please visit the Bank's bilingual website: www.e-gulfbank.com