BlackRock will open an office in Kuwait and has appointed Ali AlQadhi to lead operations in the country, Kuwaiti state news agency KUNA reported as the world's largest asset manager pursues a Gulf expansion. Al-Qadi joined BlackRock in 2023 and is regarded as one of the most talented young Kuwaiti professionals within the firm.
The company confirmed it will begin operations in Kuwait through an office licensed to provide investment advisory services. The office will host a customer service team, a financial consulting unit, and an Aladdin platform team to deliver advanced investment solutions.
Larry Fink, the CEO and Chairman of BlackRock said, “Our decades-long partnership with the State of Kuwait is one of our most cherished and important international relationships. We look forward to strengthening this partnership through a physical presence in Kuwait and contributing to the financial system while developing national talent.”
BlackRock noted that the initiative seeks to achieve several strategic goals, including enhancing client trust and supporting the “New Kuwait 2035” vision, in line with its broader plan to contribute to the development of capital markets in the Middle East.
