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- Presight Q3 revenue up 15.3%; firm accelerates global expansion
- Abu Dhabi Islamic launches debut AED-denominated sukuk for investors
- Al Salam Bank delivers record profitability in Q3
- flynas launches "Saudi Experiences" to boost tourism, support communities
- Adnoc Gas records Q3 net income of $1.3bn, up 8pc
- Jacobs JV with AECOM to deliver design services for Riyadh's The Mukaab
- TAQA reports 9-month profit of $1.66bn
- Asian stocks rise with focus on Fed, tech as US government reopens
- KIPCO reports a net profit of KD 13.4 m for first 9 months
- Ahli Bank issues QAR 500 million bonds
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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14/11/2025
Presight AI Holding, a leading Abu Dhabi-based global big data analytics company powered by AI, has reported another period of strong performance for the third quarter driven by robust international
Trade Arabia
14/11/2025
Abu Dhabi Islamic Bank (ADIB), in collaboration with the Ministry of Finance, has launched the first UAE Dirham-denominated sovereign sukuk for individual investors via the ADIB Smart Sukuk Platform.
Trade Arabia
14/11/2025
Al Salam Bank has announced record profitability for the nine months ended September 30, marking another milestone in its transformation into one of the region's leading and fast-growing financial gr
Trade Arabia
14/11/2025
flynas, a low-cost airline in the Middle East, announced the launch of the "Saudi Experiences" initiative. This is in collaboration with the Saudi Tourism Authority.
The announcement was mad
Trade Arabia
14/11/2025
Adnoc Gas has announced its Q3 2025 results, achieving the highest third quarter net income in its history at $1.34 billion, an 8 per cent increase year-on-year.
Year-to-date net income reac
Trade Arabia
Financial Information Co.
Saudi Arabia