Business News

Oman Arab Bank appoints Sulaiman Al Harthy as new Deputy CEO

TAS News Service
May 19, 2020 1:06 pm

Muscat: Oman Arab Bank (OAB) recently announced the appointment of Sulaiman bin Hamad Al Harthy as the Deputy Chief Executive Officer – Chief Business Officer, as of May 17, 2020.

Commenting on the appointment, Rashad Al Musafir, the CEO of OAB, said, “Sulaiman Al Harthy has extensive experience in the banking industry in general, and Sharia-compliant banking in particular, holding several senior positions over the past three decades. This has provided him with insight and thorough knowledge about market needs, competition and marketing mechanisms.  I am confident that upon taking up his new role and joining the Oman Arab Bank family, he will be a valuable addition to our efforts in enhancing the Bank’s market share and enriching our reach to the broader segments of society.”

Commenting on his appointment to Oman Arab Bank, Sulaiman Al Harthy said, “I believe that this is truly an important step in my career in the banking sector, which comprises of more than three decades now. Joining Oman Arab Bank during the current phase is a challenge that I am fully prepared for. The Bank has a clear strategic vision for the future, with specific goals in place that it will strive to achieve during the upcoming period. I am delighted to be a part of this wonderful team that will work tirelessly to achieve these great ambitions and look forward to the future with optimism. I look forward to working with the team, I look forward to working with the team towards taking the Bank to the forefront of the banking industry.”

Sulaiman Al Harthy has over 32 years of experience, and held several leadership positions at major local banks and financial institutions. Most recently, he was the Group Chief Personal Banking Officer at Bank Muscat and had been appointed as Deputy Chief Executive Officer of Meethaq Islamic Banking. Al Harthy is a graduate of Oman Institute of Bankers, as well as a graduate from the Executive Management Programme at Harvard Business School. He also holds an MBA in Finance from Leicester University, UK.

“We are all extremely delighted to have Sulaiman Al Harthy be a part of OAB, especially as we are on the verge of a major expansion milestone after the completion of the proposed merger with Alizz Islamic Bank, which will see the establishment of a larger and more powerful financial entity in the local banking sector. On behalf of the Board of Directors of Oman Arab Bank and members of the Executive Management, I am pleased to welcome Sulaiman as a new OAB family member and wish him the best of luck and success in his new position.”, Rashad added.

Oman Arab Bank has a rich and proud history as one of the first financial institutions to be established in the Sultanate. Today, the bank operates a nationwide network of 65 branches and representative offices with 152 ATMs spread across Oman. OAB provides a complete range of financial products and services for personal banking, corporate banking and investment clients.

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