GulfBase Live Support
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
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
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
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
Saudi Arabia may still move forward with an initial public offering (IPO) for state oil company Saudi Aramco on an international exchange such as London or New York in the second half of 2018, despit
Emirates NBD could agree to buy Turkey’s Denizbank within weeks, after intense lobbying by the Turkish bank to convince President Tayyip Erdogan of the benefits of the potential $5.3 billion deal.
Saudi Aramco could grant shares to employees in any forthcoming initial public offering, according to an analysis of the company charter it adopted at the beginning of the year.
The new cha
The shareholders of Aldar Properties have approved raising its foreign ownership limit by 9 per cent, allowing foreigners to own up to 49 per cent of Abu Dhabi’s biggest-listed developer, the company
Zain, the leading telecommunications network in Kuwait supported the Kuwait Investment Forum 2018 (KIF 2018), that was held under the patronage and in the presence of His Highness the Amir Sheikh Sab