Arab Bank chairman dies at 94

AMMAN — The chairman of Jordan’s Arab Bank, Abdul Majid Shuman, aged 94, died yesterday, an official statement said.

By (DPA)

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Published: Wed 6 Jul 2005, 10:21 AM

Last updated: Thu 2 Apr 2015, 4:37 PM

Shuman, widely considered a pillar of the Jordanian economy, chaired the bank’s board of directors since 1974 and he was also chairman of the Arab Bank Group which operates in 30 countries.

In recognition of his contributions to the Jordanian economy, King Abdullah ordered that Shuman be buried at the Royal Cemeteries, a royal statement said.

The Arab Bank was founded by Abdul Hamid Shuman in Jerusalem in 1930. The bank came to the limelight recently when relatives of people killed in Palestinian suicide bombings in Israel filed a lawsuit in New York demanding compensation.

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