Arab Bank
In May 2000, Abd Al Majeed's son Abdel Hamid became CEO. Under his leadership, Arab Bank reopened operations in Syria in 2005, and took steps to commence its activities in Iraq, circumstances permitting. In January 2007, Arab Bank established Europe Arab Bank (EAB), a London-based, fully owned subsidiary. It also acquired 50% of MNG Bank in Turkey (now known as Turkland Bank) and 50% of Al Nisr Al Arabi Insurance company in Jordan, thus introducing bancassurance to its product variety. Also, the group established Arab Bank-Syria. In 2008, Arab Bank partnered with Vasco, now OneSpan, to work on the bank's authentication technology.