Behind Our Story
Munib R. Masri, born in 1934 in Nablus, graduated with a Bachelor’s Degree (honors) in Petroleum Geology from the University of Texas in Austin in 1955 and received his Master’s Degree in Government (Political Science) and Geology from Sul Ross State University in Texas. Munib has received several distinction awards from local, regional and international institutions, and several honorary doctorate degrees for his tireless commitment to the betterment of his community and the development of the education sector in the Arab world, including the American University of Beirut, An-Najah, BirZeit, Palestine Polytechnic, and the University of Palestine. Through the Masri Development Foundation, which he established in 1970, Munib has been supporting regional education initiatives, funding scholarships, and donating towards the construction of buildings across various university campuses as well as secondary schools. In 2007, he established the Munib & Angela Masri Institute for Energy and Natural Resources at the AUB. In 2016, Munib established the Al Quds Academy for Scientific Research in partnership with University of Jordan in Amman and Al Quds University in Jerusalem to promote applied scientific research across the Arab world in cooperation with universities and scientific centers from around the world. In 2015, Munib was inducted into the Hall of Distinction of the Jackson School of Geosciences at the University of Texas at Austin, the first Arab to receive such recognition.
Munib is the chairman and founder of the Engineering & Development Group (Edgo) which he established in 1956; Edgo specializes in oil & gas services and power across the Middle East & Africa. In 1970, Munib served as Minister of Public Works in the government of Jordan.
He is the co-founder and chairman of the Palestine Development and Investment Company (PADICO) whose primary goal is to develop the infrastructure of Palestine. PADICO has launched several companies including Palestine Telecommunications and the Palestine Securities Exchange Company. In addition, he co-founded the International Chamber of Commerce (ICC) Palestine and has been its chairman since 2010. In 2015, he was chosen in Hong Kong to be the vice chairman of the Silk Road Chamber of International Commerce (SRCIC) and is currently a board member of its Executive Committee. He is a former member of the Council of Advisers of the World Bank Middle East and North Africa. He served on the board of the Arab Bank Group for 33 years until he retired in 2006 as Deputy Chairman; he was the Chairman of its Audit Committee as well as its Strategic Planning Committee, and acted as Vice Chairman of its Corporate Control and General Policies Committee; he was Chairman of Arab Tunisian Bank, and board member of Oman Arab Bank as well as Arab Bank (Switzerland) until late 2007.
He continues to be an active member of a number of cultural, educational and humanitarian organizations including the Welfare Association, which he co-founded, and the Shoman Foundation and is a member of the board of trustees at both the American University of Beirut and Al Quds University in Palestine. Munib is currently the chairman and co-founder of the Arab Medical Center hospital in Jordan.