The Kuwait Banking Association (KBA) has announced that all banks across Kuwait will be closed on Sunday, December 1, 2024, in observance of the 45th Gulf Cooperation Council (GCC) Summit. This significant summit will bring leaders from the GCC member states to Kuwait, reinforcing regional cooperation and addressing key development goals.

According to the KBA’s statement, the decision to close banks on this date was made in coordination with the Central Bank of Kuwait, ensuring that both financial institutions and employees participate in honoring this important event. Regular banking operations are expected to resume on Monday, December 2, following the summit.

The Gulf Cooperation Council Summit, marking its 45th session this year, holds considerable importance for Kuwait and the wider GCC region. The summit provides a platform for leaders to address vital topics such as economic growth, regional security, and sustainable development among the GCC nations. Kuwait’s role as the summit host underscores its ongoing commitment to fostering unity and collaboration within the region.