Arab Bank

Arab Bank
Native name
البنك العربي
Company typePublic
XAMM:ARBK
IndustryBanking
Founded1930; 94 years ago (1930)
FounderAbdul Hameed Shoman
Headquarters
Amman, Jordan
Area served
30 countries[1]
Key people
Sabih al-Masri (Chairman)
ProductsRetail banking, Commercial bank, and Investment banking
Increase US$851.3 million (2022)[2]
Total assetsIncrease US$ 64.5 billion (2022)[3]
Total equityIncrease US$ 10.4 billion (2022)[3]
Number of employees
Increase 7620[4] (2023)
Subsidiaries
  • Arab Bank (Switzerland) Limited (sister institution),
  • Arab Bank Australia Limited,
  • Europe Arab Bank plc,
  • Islamic International Arab Bank,
  • Arab Sudanese Bank,
  • Arab Investment Bank S.A.L,
  • Arab Tunisian Bank,
  • Arab Bank – Syria,
  • Al Arabi Investment Group (AB Invest),
  • Arab National Leasing Company,
  • Al Nisr Al Arabi Insurance Company,
  • Al Arabi Investment Group Company
Websitewww.arabbank.com

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.

The bank is a major economic engine in Jordan and throughout the Middle East and North Africa region, providing banking services and capital, and facilitating development and trade throughout the region. According to its website in 2018, the bank was the highest-ranked by market capitalization, and represented approximately 25% of the Amman Stock Exchange.[5]

U.S. appellate courts have ruled in the bank's favor in several lawsuits filed in the 2000s alleging its involvement in facilitating the funding of terrorist organizations.[6]

  1. ^ Arab Bank Global Network Archived 11 March 2011 at the Wayback Machine Arab Bank
  2. ^ "Arab Bank Investor Relations - Fact Sheet". Retrieved 6 September 2023.
  3. ^ a b "Arab Bank Investor Relations - Fact Sheet". Arab Bank. Retrieved 6 September 2023.
  4. ^ "Arab Bank's "Our People" sheet". Arab Bank. Retrieved 6 September 2023.
  5. ^ "Arab Bank Group: Investor Relations Presentation". 31 March 2018.
  6. ^ "Arab Bank terrorism case ends as U.S. court voids jury verdict". Reuters. 9 February 2018. Retrieved 10 April 2019.