Kuwait, 26 March, 2008:  Gulf Bank has successfully supported Kuwait's Noor Financial Investment Company to increase its capital by 50% to KD 75 Million by allowing investors the opportunity to apply for and buy shares through Gulf Bank's branches.

Gulf Bank's Acting General Manager for Investments, Mr. Khaled Al-Mutawa said," We are delighted to have been able to use our network of branches to help Noor Financial Investment Company achieve its objectives of increasing their capital through this new share offering.  As a Kuwaiti bank we are committed to helping local companies and organizations to grow and succeed and are very pleased that Noor has displayed  confidence in our expertise and network across Kuwait to help them in this important initiative".  In addition, Gulf Bank offers a complex range of custody services to maximize efficiency while measuring and managing risk.  Mr. Al-Mutawa added, "We work closely with our customers to ensure that our services suit their aims and operations.  Our technology infrastructure is being continuously enhanced to interface easily with our customers' requirements. We continually develop and enhance our banking platforms to meet today's global processing requirements'.

"The 50% increase in capital will make a significant difference to Noor in their business growth strategy and Gulf Bank is proud to have taken part in this important step in their development", said Mr. Khaled Al-Mutawa.

Gulf Bank is fully committed to offering its professional expertise to support investment in Kuwaiti companies and Noor's capital increase is the latest demonstration of this commitment from Gulf Bank.