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23/02/2018 06:20 AST
Ahmed bin Jaffar Al Musalmi, Chief Executive Officer of the National Bank of Oman (NBO), has resigned from his post, the bank confirmed on Thursday.
In a statement released online, the bank said that its board of directors had accepted Musalmi's resignation and that Chief Investment Officer and General Manager Sayyid Wasfi bin Jamshid Al Said had been appointed acting CEO effective immediately.
"The Board of Directors has accepted the official resignation of Mr. Ahmed bin Jaffar Al Musalmi, Chief Executive Officer. We would like to sincerely thank him for his years of service and dedication to the bank and we wish him all the best in his future endeavours," NBO said, adding, "Sayyid Wasfi bin Jamshid Al Said, General Manager and Chief Investment Officer, will resume the CEO responsibilities as acting CEO effective immediately."
According to NBO's official website, Musalmi was appointed CEO in 2014, after serving as Deputy Chief Executive Officer for three years, and General Manager and Chief Operating Officer before that.
Having previously worked with the National Bank of Abu Dhabi and Majan International Bank, Musalmi also sits on the boards of a number of companies including Oman Takaful, Oman Electricity Transmission Company and Oman Integrated Tourism Fund. He is also a committee member of the Bank Deposit Insurance Scheme at the Central Bank of Oman.
Times of Oman
30/01/2018
National Bank of Oman's board has recommended a cash dividend of 15 per cent and a stock dividend of 5 per cent.
The stock dividend is equivalent to one share for every 20 shares held, acc
Times of Oman
17/01/2018
National Bank of Oman (NBO) said that its net profit for 2017 stood at OMR44 million, down from OMR55.8 million posted in the previous year. The bank's loans, advances and financing activities for c
Times of Oman
12/11/2017
The National Bank of Oman (NBO) opened its spectacular new headquarters building at a glittering function last week.
The unveiling ceremony was held at a special event under the auspices of
Oman Daily Observer
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27/08/2025
OQ Exploration and Production (OQEP) on Tuesday announced the successful commissioning of the Bisat-C Expansion Facilities in its flagship Block 60 licence. Crude oil officially began flowing to the
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The DFM-listed dairy company Unikai has removed the 49% ceiling on shareholding allowed to GCC investors. From now on, they are eligible to go all the way up to 100% in Unikai, whose brands have a fa
Gulfnews
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The Port of Salalah, operated and managed by Salalah Port Services Company (SPSC), recorded strong growth in container and cargo volumes during the first half of 2025.
The port's Container
Muscat Daily
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