Gulf Group inaugurates Grade A offices to consolidate subsidiaries in Nairobi

Built to international commercial standards, the property is set to host Gulf African Bank, GulfCap Investment Bank and GulfCap Real Estate under a single, purpose-built address in Lavington, Nairobi.

Suleiman Shahbal, Chairman of the Gulf Group of Companies; Osama Daoud, Chairman of DAL Group; and Ahmed Bajaber, Director of the Gulf Group of Companies, witnessed the groundbreaking on Monday.

Shahbal said the groundbreaking carries the weight of an institution that has spent decades earning its place in the markets it serves and a responsibility to build infrastructure worthy of the next generation of that journey.

“The Gulf Group has spent decades earning the trust of the communities, clients and countries it serves. This development is the physical expression of that trust, and of our commitment to building institutions that endure,” said the group’s chairman.

Shahbal added that by having the subsidiaries in one address, the Group will be able to strengthen the governance, the collaboration and the strategic clarity that will define its next chapter.

During the groundbreaking, DAL Group’s Osama Daoud said his investment in this development reflects his belief in the Gulf Group of Companies, the Kenyan market, and the broader potential of East Africa.

“When you bring together banking, investment and real estate under one roof, with the governance and the talent that the Gulf Group commands, you create something that is greater than the sum of its parts,” said Osama.

According to the Group's shareholders, the decision to invest in a purpose-built headquarters is a deliberate and considered act of capital deployment that reflects maturity and readiness to grow.

“This development represents disciplined capital deployment at its most purposeful: a long-term commitment to infrastructure that will compound in value, in influence and in impact for years to come,” said Ahmed Bajaber, the Director, Gulf Group of Companies.

Gulf Cap Real Estate CEO Chris Ochieng' said the developments “do not simply add to the skyline, but redefine what is possible within it.”