" As for my role as Board member, I participated
positively with you in the monitoring, control and piloting of
the Bank, prompted by a sound belief in the values of our institution
and a deep awareness of my commitment towards the interests of
Khalid Shoman wrote these words in his letter of withdrawal from
the Arab Bank on the 19th of May 2001. They reflected his perception
of his role and mission in the Arab Bank. The terms "development
and modernization" were synonymous with Khalid Shoman's name.
He endeavored tirelessly throughout his working life, which spanned
half a century, to modernize the Arab Bank; develop its administration;
update its services, products and delivery channels, as well as
safeguard the welfare of the Bank's staff and employees.
Administrative development, hence, rated highest on his list
of priorities and stayed closest to his heart and mind.
At the beginning of his career in the Arab Bank, in the mid twentieth
century, and as a young man full of enthusiasm and passion, Khalid
Shoman presented to the Board of Directors a report to modernize
practices at the Bank, which the UK Midland Bank experts had prepared
at his request. Later on in the century, in 1998, he was strongly
behind the reengineering of the operations in the Bank.
On both occasions, he was acting from his conviction that there
is no alternative to progress and development for the institution
that is slow to embrace the changing demands of the age will eventually
In between those two occasions, Khalid Shoman's life was a life
of dedication to the Arab Bank and of commitment to keeping it
in the forefront.