Report Pan-arab Bank Established
Menu JTA Search

Report Pan-arab Bank Established

Download PDF for this date

El Liwaa, Arab daily, reported today the formation of a Pan-Arab Corporation Bank, Ltd., with capital of $ 1,250,000. Fifty-one per cent of the shares will be offered to Arabs, the remainder to be held by Lord Winterton, David Lloyd George, Lord Beaverbrook and other British notables favorable to the Arab cause, the paper said, adding the bank would open in April.

Founding Funders

The digitization of the JTA Archive would not have been possible without the generous support of the following donors:
  • The Gottesman Fund
  • Righteous Persons Foundation
  • Charles H. Revson Foundation
  • Elisa Spungen Bildner and Robert Bildner, in honor of Norma Spungen
  • George S. Blumenthal
  • Grace and Scott Offen Charitable Fund