About Us

The Beginning of the Journey

Shoman decided to return to Palestine. No sooner had he arrived home for the first time since he left to the new world than he arranged for a meeting in Cairo with Tal’at Pasha Harb, the Chairman of the Board of Directors of the Bank of Egypt. Shoman proposed the idea of establishing a joint Egyptian-Palestinian bank, with a capital of 100,000 Palestinian Pounds; however, political developments in the region forced Harb to put the project on hold.

Nonetheless, Shoman was determined to move forward. With seven investors, and a startup capital of 15,000 Palestinian Pounds, Arab Bank was registered on May 21st, 1930, and commenced its operations in Jerusalem on July 14th of the same year. Finally, Shoman’s vision was fulfilled.