Sun 21 Mar 2010 12:01 PM
Abdel Hamid Shoman
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Abdel Hamid Shoman

Industry: Banking & Finance

Company: Arab Bank - Jordan

Designation: Chairman

Country: Palestine

Occupation: Chairman

There is no one in the Middle East’s banking community who would not take Abdel Hamid Shoman’s call. Chairman of
Arab Bank

— 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,
Arab Bank

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
Arab Bank

has not only survived the political and military turmoil of the Middle East, but has thrived.