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Arab Bank is a Jordanian bank that is one of the largest financial institutions in the Middle East. It is headquartered today in Amman, Jordan, and operates as a universal bank that serves clients in more than 600 branches spanning five continents. Arab Bank is a publicly held shareholding company listed on the Amman Stock Exchange.
[1] [3] The bank aimed to support economic development and provide financial services to the Arab community, which was largely underserved at the time. [4] Under Shoman's leadership, the Arab Bank expanded rapidly, opening branches in major cities across the Middle East and North Africa.
In December 2010, the Central Bank of Libya acquired the 17.72% shareholding of Abu Dhabi Investment Authority in ABC, increasing its stake to 59.37%. In June 2015 Arab Banking Corporation revamped its corporate identity and changed its brand name to Bank ABC. The bank's new identity launch coincides with the commemoration of its 35th anniversary.
The Bank was created for the purpose of strengthening economic, financial and technical cooperation between the Arab and African regions and for the embodiment of Arab-African solidarity on foundations of equality and friendship. To achieve this end, the Bank was given a mandate to: Participate in financing economic development in African ...
Oman Arab Bank was established in 1984. In 2014, the bank launched its digital transformation strategy, enhancing its banking channels and services by employing the state-of-the-art technologies, promoting a culture of innovation and talent management, as well as providing added-value services through strategic partnerships. [ 4 ]
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The Data Bank is actively preparing reports and studies about all recent trends in all Arab banks, individual Arab banking sectors, and the Arab-banking sector in general. The objective is to position the Data Bank as the only and true referral center for publishing detailed reports on the development of Arab banking and financial institutions.
The Arab National Bank (anb; Arabic: البنك العربي الوطني) is a major bank based in Riyadh, Saudi Arabia and listed on the Saudi Stock Exchange. [2] It is among the top ten largest banks in the Middle East and has received an 'A' rank from Standard and Poor's. It has 156 branches in Saudi Arabia. [3]