Industry: Banking & Finance
Company: Arab Bank - Jordan
There is no one in the Middle East’s banking community who would not take Abdel Hamid Shoman’s call. Chairman of
— which was founded by his grandfather — Shoman has presided over his charge with the same degree of prudent responsibility as did his father and grandfather.
At its inception in 1930,
was a small affair. Today it is one of the largest financial institutions in the Middle East, with 500 branches in 30 countries. The bank has over $50bn in assets at the end of 2009, compared with $45.6bn the previous year.
The bank was established in Jerusalem with a view to serving the Arabs of Palestine. It is testament to the Shoman family’s management and foresight that
has not only survived the political and military turmoil of the Middle East, but has thrived.