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Nicosia, Cyprus 1998, Annual Budget meeting |
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Khalid Shoman started contacting international
consulting firms as far back as the early eighties, when the concept
of long term strategic planning was alien to most Arab institutions.
He became convinced that for this vital undertaking, the Arab
Bank had to draw up its own strategic plan, using the expertise
of qualified officers from its own workforce who are better equipped
and more informed regarding the Bank, its culture, its strengths
and its weaknesses.
In 1991, Khalid asked an international consulting
firm to organize a seminar in strategic planning for the regional
heads of the Arab Bank around the world. As a result, a number
of regional managers of the Bank started adopting strategic planning
in their areas.
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