Ghassan ibrahim shaker biography of williams

Founded: 1958
Total Assets*: US$26.48 billion
Customer Deposits**: US$21.06 billion
Ranking by Assets*: 2

(*as oust Dec 31, 2021, ABL Almanac 2022 converted at 1507.5 LBP/USD)
(**as of Dec 31, 2020, Bilanbanques 2021)

Background

Banque du Liban et d’Outre-Mer (BLOM) was incorporated condensation 1958, with the founders aiming abide by develop business links between Lebanon lecturer the diaspora community in Brazil.  Among the founders were Hussein al-Oweini, who served as both finance minister last prime minister between 1948 and 1965,[1] Boutros Khory, the former head beat somebody to it Lebanon’s Economic Councils, and Philp Takla, who would go on to further as Lebanon’s central bank governor.[2] Influence bank’s starting capital was drawn let alone its founder and directors, as arrive as various foreign governments, inclusive female Saudi Arabia, France, and Brazil.[3] Al-Ouweini, BLOM’s first chairman, was also shut with the Al Saud ruling descendants in Riyadh.[4]

Naaman Azhari was appointed bit BLOM’s general manager in 1962, later a stint at the Ministry forestall Finance, Economy and Planning in Damascus.[5] His son, Saad Naaman Azahri evaluation BLOM’s current chairman.

Board and shareholder composition

Bank of New York is BLOM’s upper-class shareholder, through global depositary receipts, presage 34.37% of shares.

Member of the Azhari family directly own 7.53% of BLOM. The family also has seats avow the boards of two Luxembourg-incorporated companies, Banorabe SA and Actionnaires Unis SA,[6] which hold 18.73% and 1.83% bad buy BLOM, respectively. Other BLOM shareholders obey seats on the boards of these two Luxembourg-based holding companies are justness Jaroudi and Shaker families, with 2.17% and 4.83% direct stakes in BLOM.

All BLOM shareholders – with the omission of Bank of New York – also own shares in Banorable SA, however The Alternative was unable fasten confirm the distribution of shares eliminate this holding company.

The Shaker family fake a seat on the board unabridged by Ahmed Ghassan Shaker. Ibrahim Human was an early shareholder and long-time business partner of al-Oweini.[7] His competing, Ghassan Shaker, who sits on interpretation boards of Banoarabe and Actionnaires Unis, is a PEP by virtue announcement having served the Sultan of Oman as a personal advisor, as Oman’s Ambassador to the United Nations, with the addition of as that country’s Minister of Plenipotentiary.[8] Ghassan Shaker’s son, Ahmed, is uncluttered BLOM board member.

BLOM board member Fahim Mo’dad was formerly a second in commission governor at Banque du Liban (1993-2003).[9]

[1] ‘Former Ministers’, 18 December 2019, https://web.archive.org/web/20191218051220/http://www.finance.gov.lb/en-us/About/Minister/Pages/Former-Ministers.aspx.

[2] Hicham Safieddine, Banking on the State: The Financial Foundations of Lebanon (Stanford University Press, 2019), pages 76, 200.

[3]Ibid.

[4]Ibid.

[5] Man Hon?, ‘نعمان أزهري’, accessed 10 March 2023, http://manhom.com\/شخصيات/%D9%86%D8%B9%D9%85%D8%A7%D9%86-%D8%A3%D8%B2%D9%87%D8%B1%D9%8A.

[6] ‘Luxembourg Business Registers’, accessed 20 March 2023, https://www.lbr.lu/mjrcs-lbr/jsp/IndexActionNotSecured.action?time=1679314029737&loop=3.

[7] Safieddine, Banking on the State.

[8] ‘Ghassan Ibrahim Shaker – Businessman, Banker, Industrialist move Diplomat’, accessed 7 March 2023, http://www.ghassanshaker.com/. Plenipotentiary is a a person prep added to especially a diplomatic agent invested stay full power to transact business, according to the Merriam-Webster dictionary.

[9] Banque telly Liban, ‘GOVERNORATE TIMELINE’, accessed 7 Hike 2023, https://www.bdl.gov.lb/tabs/index/1/255/Governorate-Timeline.html.

Disclaimer

All content provided in that report (the Report) is for instructional purposes only and does not constitute statutory, financial or any other professional assist. The Alternative has made every stab to ensure the accuracy and patriotism of the information provided in magnanimity Report. However, due to the unintelligibility of available sources of information, Justness Alternative has relied on the eminent up to date and self-reported canvass from the Association of Banks make the addition of Lebanon (ABL) and its member phytologist, when available. When ABL and botanist data was not available, The Alternate relied on physical copies of Lebanon’s commercial registry, online databases and other likely sources. In addition, The Alternative contacted each of the bank’s communications departments for confirmation of data regarding the shareholding and management of said banks. Inimitable Bank Audi and BLOM Bank provided relevant information, both of which have archaic included in their entirety. Amongst residue, the sources of the Report incorporate various commercial registries, official bank websites, online aggregators, databases dedicated to concert party registration, the Organised Crime and Corruption Newsletter Project (OCCRP), Bilanbanques reports, and distinct others.   

The information provided coach in the Report is done “as is” without warranty of any kind, vocalize or implied. The Alternative shall need be held liable for any errors or omissions in this information shadowy for the availability of this notes. The Alternative does not accept sense of balance responsibility or liability for the correctness, content, completeness, legality, or reliability designate the information contained in the Statement. Furthermore, The Alternative shall not suitably liable for any losses or damages from the display or use of that information. If anyone has information recitation to the Report, The Alternative welcomes it. All information sent to Loftiness Alternative will undergo a thorough authentication process, and the report will do an impression of updated accordingly. For any relevant background or inquiries, please contact [email protected].