Sector: Banks & Financial Services
Date of Establishment: 1930
Market Value: $3.6 billion
Arab Bank was established in Jerusalem in 1930, with 15,000 Palestinian Pounds in capital and seven investors. Today headquartered in Jordan, it has over 600 branches across five continents. In 2020, the bank’s assets increased by more than 6% compared to 2019. In June 2020, the Arab Bank introduced contactless technology to some of its ATMs in Jordan. It also donated $25 million in 2020 to help mitigate the impact of the pandemic.