Khalid Shoman to be laid to rest

The Jordan Times

By Tareq Ayyoub

AMMAN - the death of Khalid Shoman, a major shareholder in the Arab Bank, is considered as great loss to "the country and the institution" which he had served for the past five decades, friends and bankers said on Sunday.

Shoman, who passed away in Vienna on Saturday, was suffering from a serious lung problem, which forced him to undergo treatment in Austria for the past two years.

"Khalid played a major role in the modernization of the Arab Bank and his death is a loss not only for the Arab Bank, but the country as a whole," a friend of the deceased said.

"His flexibility helped in improving the activities of the bank against the conservative attitude the Arab Bank was following." Another friend told the Jordan Times.

Khalid and his elder brother Abdul Majeed, the chairman of the Arab Bank Group, shouldered the responsibility of the 71-year-old institution following the death of their father Abdul Hameed, the founder of the bank in 1974.