The Arab Bank is a prominent financial institution in the Arab world, with 400 branches and offices in 25 countries. Its parent company is Arab Bank plc incorporated in Amman, Jordan, where its headquarters are also located. The bank was founded by Abdul Hameed Shoman in Jerusalem during the time of the British mandate. The bank's chairman, Abdul Majid Shoman, died July 6, 2005 at the age of 94. As of 2007, the bank is the subject of a lawsuit because it has compensated the families of suicide bombers.
The Arab Bank is a prominent financial institution in the Arab world, with 400 branches and offices in 25 countries. Its parent company is Arab Bank plc incorporated in Amman, Jordan, where its headquarters are also located. The bank was founded by Abdul Hameed Shoman in Jerusalem during the time of the British mandate. The bank's chairman, Abdul Majid Shoman, died July 6, 2005 at the age of 94. As of 2007, the bank is the subject of a lawsuit because it has compensated the families of suicide bombers.