CEO Today Middle East Awards

37 www.ceotodaymagazine.com CEO Today Middle East Awards 2018 OMAN RASHAD ALI ABDULLAH AL-MUSAFIR CEO of Oman Arab Bank SAOC ABOUT RASHAD ALI ABDULLAH AL-MUSAFIR Mr. Rashad Ali Abdullah Al-Musafir has been Acting Chief Executive Officer of Oman Arab Bank, SAOC. Mr. Al-Musafir served as General Manager of Bank Sohar, S.A.O.G. until June 29, 2016 and served as its Acting Chief Executive Officer from October 1, 2014 to June 2016. Mr. Al-Musafir served as General Manager of Bank Sohar, S.A.O.G until September 29, 2015. He served as Chief Financial Officer at of Bank Sohar, S.A.O.G. since October 13, 2009 and also served as its Acting Head of Compliance. With 20 years of industry experience and knowledge in running and managing high-profile profitable operations, he joined OAB from Bank Sohar where he worked for almost 10 years in various leadership positions. Prior to joining Bank Sohar in February 2007, he served as the Head of Finance in Al Madina Gulf Insurance Company. He served as the Head of Planning and Reporting Unit of Bank Sohar. He started his career with the Central Bank of Oman and later moved to Oman International Bank. Mr. Al-Musafir also completed his Certified Public Accountant (CPA) examinations in 2002 from the National Association of State Board of Accountancy - Maine USA and the General Management Program at the Harvard Business School in 2009. He holds a Bachelors of Arts Degree in Economics and a Bachelors of Science Degree in Business Administration with concentration in Finance from Boston University. FIRM PROFILE Oman Arab Bank SAOC was established in 1984 following the acquisition of Arab Bank’s branches in the Sultanate. Over the past three decades, the Bank has consistently expanded its reach as well as its products and services offering to provide customers in the country with a comprehensive suite of innovative solutions in Retail banking, Corporate and Project finance, Investment banking, trade finance and most recently, Islamic Banking The shareholders at Oman Arab Bank are: • Oman International Development & Investment Co. SAOG OMINVEST (50.99%) • Arab Bank Plc (49%) • Oman Real Estate Investment and Services SAOC (0.01%) Today, Oman Arab Bank operates more than 65 branches and offices, and more than 135 ATMs in high footfall locations across the Sultanate that are supported by Arab Bank’s 600 branches spanning five continents. The Bank’s principal shareholders are Oman International Development and Investment Company SAOG (50.99%) and Arab Bank PLC (49%) and As of December 31st 2015, the Bank’s total assets stood at RO 1.98 Billion (USD 5.15 Billion) and net worth of RO 226 Million (USD 587 Million).