Arab Bank in Al Hudaydah

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comments 5

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  أبو سراج

  :: 12 August 2018 23:52:36

  With seven investors and a capital of 15,000 Palestinian pounds, the Arab Bank was registered on May 21, 1930 and commenced operations in Jerusalem on July 14 of the same year. The founder, Abdul Hameed Shoman, was named the first Chairman of the Board of Directors of the Arab Bank. The bank's legacy since its inception has been to play an active and important role as a partner in the social and economic development in the region. Trust and commitment from the beginning After the withdrawal of the British Mandate from Palestine in 1948, the bank lost its two branches in Jaffa and Haifa, and when customers who were forced to flee the country demanded their deposits, the Arab Bank insisted on returning all claims in full. This decision earned the Arab Bank a good reputation and was a historical turning point in its development and growth, as it indicated a strong commitment on the part of the bank towards its customers, and instilled in them great loyalty towards it that still exists today. The closed branches were re-established, so the Haifa branch was established in Beirut, followed by the Amman branch and the Jaffa branch in Nablus, and then in Ramallah. When civil unrest began to affect the Jerusalem branch, the bank's business was transferred to offices based in the Old City of Jerusalem. In 1948, the bank's headquarters were moved to Amman, Jordan and it was formally considered a public joint stock company. A stimulating force for the Arab economy during the forties and fifties of the twentieth century, the Arab Bank expanded rapidly, as its network of branches expanded in the Arab world, opening 43 branches throughout the Arab world with a capital of 5.5 million Jordanian dinars. And through numerous investments in a wide range of industries and new public projects Which extended from Casablanca to Baghdad, the Arab Bank was a catalyst for Arab economic developments in a period when no one was willing to take risks. Arab Bank loans have provided jobs for more than 100,000 employees. In Jordan, Arab Bank loans to cement, textile and modern food factories boosted the country's growth rate to rank second in the Middle East after oil-rich Kuwait. In addition to commercial loans, the bank provided financial aid to educate hundreds of Arab students by sending them to universities in the West. Nationalization The era of the sixties brought with it a wave of nationalization that swept the Arab world, as it accompanied the Arab countries, one after the other, to gain their independence from British and French colonialism. 1970. Within ten years, the Arab Bank lost 25 branches. Following Israel's occupation of the West Bank and Gaza Strip in 1967, other branches were closed. The bank continued its expansion, ignoring what happened, establishing its first global presence in 1961 to become the first Arab financial institution to set foot in Switzerland, and in 1962 the Arab Bank was established / Switzerland in Zurich, and another branch was opened in Geneva in 1964. The Arab Bank never failed to make any payment to any of its customers or partners, and it respected all its obligations regardless of the political and economic conditions in the region in which it operates. Steady Expansion In the 1970s, the Bank focused its efforts on the new oil economic powers that had emerged in the Persian Gulf, but at the same time it continued its steady expansion in its new home, Jordan. Abdel Majeed Shoman assumed the position of Chairman and General Manager of the Arab Bank in 1974, intending to expand its activities The bank and the opening of new branches around the world.The global expansion continued through the opening of branches in Frankfurt, London, Australia, New York and Singapore, in addition to many other branches, and after the signing of the Palestinian-Israeli peace agreement in Oslo, an invitation was sent to the Arab Bank to return to the Palestinian territories to open a network of branches in A number of Palestinian cities. In line with the growth witnessed by the Bank, the Bank expanded the range of products and services to include new business areas, and after focusing on trade and financing projects, the Bank assumed a leading role in financing projects on a larger scale, directly or through participating in pool loans. my bank. By the 1990s, the Arab Bank added investment banking to its services.

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  Rama Bazil (Abdullah)

  :: 27 April 2018 01:25:26

  An ancient and distinguished bank

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  Ali AL-Shawesh

  :: 29 November 2017 13:21:54

  With seven investors and a capital of 15,000 Palestinian pounds, the Arab Bank was registered on May 21, 1930 and commenced operations in Jerusalem on July 14 of the same year. The founder, Abdul Hameed Shoman, was named the first Chairman of the Board of Directors of the Arab Bank. The bank's legacy since its inception has been to play an active and important role as a partner in the social and economic development in the region. Trust and commitment from the start After the withdrawal of the British Mandate from Palestine in 1948, the bank lost its two branches in Jaffa and Haifa, and when customers who were forced to flee the country demanded their deposits, the Arab Bank insisted on returning all claims in full. This decision earned the Arab Bank a good reputation and was a historical turning point in its development and growth, as it indicated a strong commitment on the part of the bank towards its customers, and instilled in them great loyalty towards it that still exists today. The closed branches were re-established, so the Haifa branch was established in Beirut, followed by the Amman branch and the Jaffa branch in Nablus, and then in Ramallah. When civil unrest began to affect the Jerusalem branch, the bank's business was transferred to offices based in the Old City of Jerusalem. In 1948, the bank's headquarters were moved to Amman, Jordan and it was formally considered a public joint stock company. A stimulating force for the Arab economy During the forties and fifties of the twentieth century, the Arab Bank expanded rapidly, as its network of branches expanded in the Arab world, opening 43 branches throughout the Arab world with a capital of 5.5 million Jordanian dinars. And through numerous investments in a wide range of industries and new public projects that extended from the house Al-Bayda and even Baghdad, the Arab Bank was a catalyst for Arab economic developments in a period when no one was willing to take risks. Arab Bank loans have provided jobs for more than 100,000 employees. In Jordan, Arab Bank loans to cement, textile and modern food factories boosted the country's growth rate to rank second in the Middle East after oil-rich Kuwait. In addition to commercial loans, the bank provided financial aid to educate hundreds of Arab students by sending them to universities in the West. nationalization The era of the sixties brought with it a wave of nationalization that swept the Arab world, as it accompanied the Arab countries, one after the other, to gain their independence from British and French colonialism. The bank’s branches were nationalized in Egypt and Syria in 1961, in Iraq in 1964, in Aden in 1969, and finally in Sudan and Libya in 1970. Within ten years, the Arab Bank lost 25 branches. Following Israel's occupation of the West Bank and Gaza Strip in 1967, other branches were closed. The bank continued its expansion, ignoring what happened, establishing its first global presence in 1961 to become the first Arab financial institution to set foot in Switzerland, and in 1962 the Arab Bank was established / Switzerland in Zurich, and another branch was opened in Geneva in 1964. The Arab Bank never failed to make any payment to any of its customers or partners, and it respected all its obligations regardless of the political and economic conditions in the region in which it operates. constant expansion In the 1970s, the bank focused its efforts on the new oil economic powers that had emerged in the Persian Gulf, but at the same time it continued its steady expansion in its new home, Jordan. Abdul Majeed Shoman assumed the position of Chairman and General Manager of the Arab Bank in 1974, intending to expand the bank's activities and open New branches around the world.The global expansion continued through the opening of branches in Frankfurt, London, Australia, New York and Singapore, in addition to many other branches, and after the signing of the Palestinian-Israeli peace agreement in Oslo, an invitation was sent to the Arab Bank to return to the Palestinian territories to open a network of branches in a number of Palestinian cities. In line with the growth witnessed by the Bank, the Bank expanded the range of products and services to include new business areas, and after focusing on trade and project financing, the Bank assumed a leading role in financing projects on a larger scale, directly or through participation in bank syndicated loans. By the 1990s, the Arab Bank added investment banking to its services.

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  كمال القدسي

  :: 10 November 2016 12:22:38

  A good bank, as far as I know, I have not tried its services

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  sultan alhidary

  :: 24 June 2013 12:08:55

  Salem Mohammed Shamakh