Khalid Shoman's passing a loss to the
5-11 July 2001
AMMAN (Star) - The passing away of Mr. Khalid
Shoman at the age of 70 earlier this week represents a great
loss to the banking and financial community in Jordan and
the Arab world. His body was brought from Vienna and buried,
Tuesday, in the City of Petra where he has a farm and a
Mr. Khalid Shoman was a leader in finance.
Up until last month, when he resigned from his position,
he was Vice-Chairman of the Arab Bank Group, one of the
most reputable institutions in the Kingdom and the Arab
world. Mr. Shoman dedicated his life to building the Arab
Bank that spread its branches through Jordan, most Arab
nations, and around the world.
The son of Abdel Hamid Shoman, the founder
of the Arab Bank, the young Khalid was born in Brooklyn,
New York on 13 April 1931. He returned with his father to
Jerusalem in 1933. In 1939, he attended the local St. Georges
During this time, Khalid Shoman traveled
extensively with his father in Palestine, visiting such
places as Jaffa, Haifa and Gaza. In 1942 he traveled with
his father to Beirut and Allepo to open up branches of the
During the 1948 Catastrophe, Khalid and the
rest of his family moved to Egypt where his father was receiving
medical treatment. At that time, Khalid registered at the
famous Victoria College in Alexandria to continue his education.
Shortly after he moved to Britain where he
took a year off to be trained at the Midland Bank before
enrolling at Cambridge University to study economics. That
was 1952. He received his degree in 1956, and a year later
he was awarded an MA from the university.
During this time, he had already been appointed
as a trainee in the Arab Bank in Amman. His father Abdel
Hamid Shoman insisted that Khalid should be trained in every
department of the bank.
He was appointed as Assistant General Manager
for Higher Administration. On 22 March 1957 he became a
member of the board of the Arab Bank.
Since that time, Khalid Shoman increased
his activities in the Arab Bank. This was to be expected
as Arab Bank continued to open more branches in the Arab
world, Europe and North Africa. He was very interested in
the organizational structure of the Arab Bank and sought
to set up a modern administration what would be prudent
for a financial institution competing on the international
In 1974, Shoman became Vice-Chairman of the
Board of the Arab Bank after the death of his father that
same year. This is a position he retained until last month.
A modest man, Khalid Shoman was a strong
figure in the field of finance. He married Suha Hilmi in
1973 and had two children Omar and Aysha.