Kuwait, October 10, 2013: Gulf Bank today announced the resignation of its CEO, Michel Accad, who resigned to the Board of Directors on the 7th October 2013.  Mr. Accad joined Gulf Bank in August 2009, at a most difficult time for the Bank. His     turnaround strategy  saw Gulf Bank not only re- build trust and recover, but  become a market leader, winning numerous awards in various disciplines,  including the award for Bank of the Year by The Banker. He will remain with Gulf Bank until early next year to ensure a smooth transition to a suitable successor.The Chairman of Gulf Bank, Mr. Omar Alghanim, and the Board of Directors take this opportunity to thank Michel for his hard work and dedication and wish him every success in his future endeavors.

Michel Accad, Gulf Bank's CEO