The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.


All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Awards

Awards for Excellence 2014 Middle East: Outstanding contribution award, Middle East

Nemeh Sabbagh, CEO, Arab Bank

Awards for Excellence 2014 

When Nemeh Sabbagh joined as Arab Bank’s CEO from Lebanon’s BankMed in 2010, early progress was not always smooth. Appointed as a long-term successor to group chairman (and at the time CEO) Abdel Hamid Shoman, the two did not always see eye to eye on Sabbagh’s methods. Shoman, the founder’s grandson, resigned as chairman with three other members of his family in August 2012, citing concerns about Sabbagh’s approach.

But two years on, it is clear that Sabbagh’s methods have borne fruit. Managing a regional bank that operates in 30 countries and within which more than 75% of revenues come from outside the Jordan home base presents a challenge that is almost unique in the Arab world, but the institution has gone from strength to strength and was a very credible candidate for our overall Best Bank in the Middle East award.

What has gone right? The numbers have started to show remarkable growth: up 43% year on year in 2013 to a $501.9

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree