Kuwait, November 28, 2006: Gulf Bank has signed a major sponsorship agreement with the National Union of Kuwaiti Students (NUKS) U.S. Branch.

The sponsorship will assist NUKS organize events and social activities for Kuwaiti students in the United States. Gulf Bank was also a Gold Sponsor of the 23rd Annual NUKS Conference, USA, held in New York from the 23rd to the 26th of November, 2006.

"Gulf Bank is proud to enter into this relationship with NUKS," said Bassam Y. Alghanim, Chairman of Gulf Bank. "As a leading employer in Kuwait, Gulf Bank is committed to supporting the education and development of young Kuwaitis.

"By assisting Kuwaiti students who have travelled abroad to study at some of the world's best universities, NUKS performs an important role for Kuwait. NUKS students benefit from high-quality academic learning and unique life experiences which will be invaluable in their future professional careers. They are also wonderful young ambassadors for Kuwait.

"Gulf Bank already supports Kuwaiti students through our summer internship programmes. The NUKS sponsorship is an extension of our investment in the development of Kuwaiti talent," Mr. Alghanim said.

"NUKS is delighted to welcome Gulf Bank as a sponsor," said Abdul Aziz Al Turaiji, Deputy President of National Kuwaiti Students Union, USA, and Head of the 23rd Annual Conference organizing committee for the Kuwaiti students union.  "Gulf Bank's support will assist our work in organizing events and providing a network for Kuwaiti students in the U.S. Last year, NUKS organised more than 85 events in 41 cities and 32 States, and with Gulf Bank's contribution we can continue to expand our programme of events.

"Gulf Bank's Gold Sponsorship of the 23rd Annual NUKS Conference is particularly important. The Annual Conference is our most successful event and is always the largest single gathering of Kuwaiti students in the U.S."

Attended by the Kuwaiti Ambassador to the United States, Salem Abdullah Al-Sabah, the 23rd Annual NUKS Conference in New York included seminars, award presentations, sports activities, a graduates' job fair and the annual election of NUKS representatives.

Dr. Yousef Al-Awadi, Senior Advisor to the Chairman of Gulf Bank, attended the conference and spoke at the opening ceremony.

"Gulf Bank was the first private company to attend the Annual NUKS Conference job fair and we were delighted to return as a Gold Sponsor again this year. This reconfirms the Bank's ongoing support for this outstanding group of young Kuwaitis," Mr. Alghanim concluded.