Arab Bank
From Wikipedia, the free encyclopedia
The Arab Bank, formed in 1930, is a prominent financial institution in the Arab world, with 400 branches and offices in 25 countries.[1] Its parent company is Arab Bank plc incorporated in Amman, Jordan, where its headquarters are also located.[1] The bank was founded by Abdul Hameed Shoman in Jerusalem during the time of the British mandate[1]. 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.
[edit] External links
- Official site
- Arab Bank and the fight against terrorism
- Arab Bank fined $24M for funding Palestinian terror by Avi Krawitz, published in the Jerusalem Post, August 19, 2005
- http://www.terror-lawsuit.com/ Home page for the class action Litle v. Arab Bank.