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- Kingdom's film revenue hits $225m, Riyadh takes biggest share
- Shale rigs idle, layoffs rise as $60 oil tests resilience of Permian
- NBK successfully issues KD 150m Tier 2 subordinated bonds
- NBK launches Kuwait's first POS financing solution for SMEs
- Boursa Kuwait reinforces efforts to advance investor relations in Kuwait capital market
- Broad money supply in Oman rises by 4.3% to reach OMR25.7bn
- UAE economy to see 'smaller' impact from global slowdown
- NBO raises $450mn via AT1 capital securities
- Omantel appoints Fadhil as new CEO
- OETC invests RO248mn in strategic projects
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
24/11/2025
The National Bank of Oman (NBO) has successfully completed the issuance of its Additional Tier 1 (AT1) capital securities in Regulation S format, securing a strategic transaction that drew strong int
Muscat Daily
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
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24/11/2025
National Bank of Kuwait (NBK) announced the successful issuance of KD 150 million Tier 2 subordinated bonds, aimed at enhancing Tier 2 capital adequacy in accordance with Basel III requirements and t
Kuwait Times
24/11/2025
In a landmark move that reaffirms its position as a leader in financial innovation, National Bank of Kuwait (NBK) has announced the launch of Kuwait's first-ever Point-of-Sale (POS) financing solutio
Kuwait Times
24/11/2025
The National Bank of Oman (NBO) has successfully completed the issuance of its Additional Tier 1 (AT1) capital securities in Regulation S format, securing a strategic transaction that drew strong int
Muscat Daily
24/11/2025
The Board of Directors of Oman Telecommunications Company (Omantel) on Sunday announced the appointment of Aladdin bin Abdullah Bait Fadhil as the company's new Chief Executive Officer.
Prio
Muscat Daily
24/11/2025
Ithmaar Bank, a Bahrain-based Islamic retail bank, has appointed Naif Alnasser as Head of Asset Management and Remedial Management Unit (RMU), reporting to Ithmaar Bank Chief Executive Officer, Maysa
Trade Arabia
Financial Information Co.
Saudi Arabia