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- Bahrain All Share Index marks 1,965.48 points
- Gulf Bank wins prestigious 'Best Private Banking Customer Experience' Award
- NBK strengthens global engagement with participation in IMF, World Bank meetings
- NIC holds Ordinary General Assembly to elect new Board of Directors for upcoming term
- Burgan Bank successfully prices $500 million in international bonds
- Dhofar sees accelerated growth in commercial, industrial activities
- Ooredoo Group wins 1st place for AI-driven energy efficiency at 'GCC Sustainability Hackathon 2025'
- Barwa announces launch of new luxury brand 'Barwa Royal'; unveils 2nd phase of Barwa Hills in Lusail
- Qatar Stock Exchange closes lower by 93.50 points
- e& UAE, Open Innovation publish white paper on GenAI adoption
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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13/10/2025
Dubizzle Group's upcoming IPO could mark a turning point for one of the region's most recognized digital marketplace operators.
The company plans to sell 1.25 billion shares, equal to 30.34
Gulfnews
13/10/2025
In a new achievement added to its impressive track record, Gulf Bank has won the "Best Private Banking Customer Experience" award at the 2025 Private Banker International (PBI) Global Wealth Awards,
Kuwait Times
13/10/2025
The National Investments Company (NIC) held its Ordinary General Assembly meeting on Thursday, October 9, 2025, at the company's headquarters in Khaleejia Tower, with an attendance rate of 74.202 per
Kuwait Times
13/10/2025
In a strategic move that reflects global investors' trust, Burgan Bank KPSC has successfully priced its $500 million five-year senior unsecured international bond, with a spread of 115 basis points a
Kuwait Times
13/10/2025
Ooredoo Group has won first place in the energy efficiency category at the 'GCC Sustainability Hackathon 2025', cementing its leadership in using AI to drive greener, more efficient digital infrastru
Gulf Times
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