MUSCAT: His Majesty Sultan Haitham bin Tarik, on Wednesday, issued a Royal Decree appointing Ahmed bin Jafer Al Musalmi as the new Governor of the Central Bank of Oman with the rank of Minister. Al Musalmi, who is currently the Chief Executive Officer of Sohar International, brings more than two decades of experience in the banking industry. His leadership has been instrumental in the transformation of Sohar International, where he has demonstrated a strong vision for business growth and a focus on strategic development. His new appointment marks a significant step in Oman’s banking and financial sector as the country continues to prioritize economic development and global partnerships.
Al Musalmi’s career has been distinguished by his extensive experience across various banking functions, including Wholesale Banking, Capital Markets, Retail Banking, Wealth Management, and Trade Finance. He has built a reputation as a results-oriented leader with expertise in risk management, operations, finance, human resources, and strategy development. Al Musalmi’s ability to combine business vision with people skills has played a key role in his success at Sohar International, where he has led numerous initiatives to modernize the bank and expand its services across the region.
Before leading Sohar International, Al Musalmi served as the CEO of the National Bank of Oman. His background includes a solid academic foundation, having earned an MBA with distinction from the University of Bedfordshire in the UK. Additionally, he is a graduate of Harvard Business School and has participated in several advanced programs, including at IMD in Switzerland and the Stanford Graduate School of Business in the USA. Al Musalmi’s qualifications and leadership experience make him a highly capable choice to oversee Oman’s financial future.
Alongside Al Musalmi’s appointment, His Majesty Sultan Haitham also appointed His Highness Sayyid Taimur bin Asaad bin Tariq Al Said as the Chairman of the Board of Directors of the Central Bank of Oman. Sayyid Taimur will assume this position with the same rank and financial allocations as Al Musalmi. The newly appointed board members will work together to guide the Central Bank of Oman toward achieving its objectives, contributing to the country’s financial stability, and advancing its broader economic agenda.
