Arab Bank (Switzerland) Ltd.
Postal address PO Box 2023, 8022 Zurich Street address Claridenstrasse 26, 8002 Zurich Telephone (41-44) 265-7111 Fax (41-44) 265-7330 pbanking@arabbank.ch Website www.arabbank.ch
Established 1951 Employees 73 Ownership The bank's shares are linked to those of Arab Bank plc, Amman, which is listed on the Amman Stock Exchange. The shares are traded in a ratio of 10 to 1 (10 shares of the Jordanian bank plus one of the Swiss bank). The largest shareholders are: Social Security Corp., Amman (14.3%) Saudi Oger Ltd., Riyadh (8.9%) Shoman family, Amman (5.5%) Oger Middle East Holding SAL, Beirut (5.1%) Key personnel Abdel Hamid Shoman (Chairman) Mario Di Marco (CEO)
Auditors Deloitte AG, Zurich
History Founded in 1951 as Bank- und Verwaltungs AG. Name changed to Arab Bank (Overseas) Ltd. in 1962, when it was acquired by Arab Bank Group, and to Arab Bank (Switzerland) Ltd. in 1982. Current name adopted in 1997, with "Ltd." added in 2008. Geneva branch opened in 1964. The parent bank was founded by Abdul-Hamid Shoman in Jerusalem in 1930 and moved its head office to Jordan in 1950.
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Last update: June 01, 2008
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