About Us

A Catalyst for Arab Economies

The decades following were considered a period of rapid expansion; during the 1940’s and 1950’s, the Bank expanded its network of branches in the Arab World with 43 branches extending throughout the Arab World, and a growing capital which has grown to reach JOD 5.5 Million.

Through extensive investments in a wide range of new industries and public projects extending from Casablanca to Baghdad, the Shomans’ new Arab Bank acted as a catalyst for Arab economic developments during a period when no one was willing to take the risk.

Arab Bank loans created jobs for more than 100,000 employees. In Jordan the Bank’s loans for new cement, textile and food processing plants enhanced the country’s growth rate to become second after oil-rich Kuwait in the Middle East. Aside from commercial loans, Shoman gave millions of his own and the Bank’s money to educate hundreds of Arab students by sending them to Universities in the west. Ironically, the unschooled Shoman built a USD 600,000 teachers training college in his native village of Beit Hanina.