Business News

Salaam Al Shaksy appointed CIO of OAB, Suleiman Al Harthy as CEO of Alizz Islamic Bank

TAS News Service
August 13, 2020 9:09 am

MUSCAT : Oman Arab Bank’s (OAB) Board of Directors has announced the appointment of Salaam Said Al Shaksy, former CEO of Alizz Islamic Bank, as the Chief Integration Officer handling all integration related activities at OAB Group. He will report to the OAB Chairman and be responsible for developing new and creative growth opportunities. The Bank also has announced the appointment of Suleiman Hamad Al Harthy as CEO of Alizz Islamic Bank SAOC, as of August 16, 2020.  

Commenting on the appointment of Al Shaksy, Rashad Muhammad Al Zubair, Chairman of OAB, said, “Salaam Said Al Shaksy has extensive banking experience inside and outside the Sultanate, and during his role as the CEO of Alizz Islamic Bank was able to record many achievements and win many prestigious awards. Following the success of the merger between Oman Arab Bank and Alizz Islamic Bank, we have chosen Al Shaksy to assume the responsibility of handling all integration related activities between the two banks and exploring new growth opportunities to enhance the group market share. I’m confident that he will be able to achieve more achievements in this regard.”

Salaam Al Shaksy

Commenting on the appointment of Al Harthy as the CEO of Alizz Islamic Bank, Saleh Nasser Al Araimi, Chairman of Alizz Islamic Bank, said, “Suleiman Al Harthy has a rich banking experience, having worked in several conventional and Islamic banking institutions in Oman. He also has the required banking experience and leadership skills that enable him to lead Alizz Islamic Bank successfully. We believe he is the right man for this position.”

Sulaiman Al Harthy

Salaam Said Al Shaksy was a member of Oman’s State Council and Deputy Head of its Economic Committee. He embarked on his banking career with Citibank Global Consumer Business, Dubai, UAE, in 1992. He then moved to various executive positions in and outside the Sultanate. Al Shaksy is a graduate of Boston University, USA, where he received a Bachelor’s Degree in Economics (cum laude), a Masters Degree in Management Information Systems (Honors) and an MBA in Management of Financial Services (High Honors). He has also completed the Senior Executive Program at London Business School, UK.

Al Harthy has more than 32 years of experience, during which he held several leadership positions at many local banks and financial institutions. He is a graduate of the Oman Institute of Bankers and holds a Masters Degree in Business Administration in Finance from the University of Leicester in the United Kingdom since 1987. He also graduated from the Harvard Business School Management Program.

Rashad Al Zubair noted, “On behalf of the Oman Arab Bank and Alizz Islamic Bank Board of Directors, I would like to wish Salaam Said Al Shaksy and Suleiman Hamad Al Harthy all the best in assuming their new positions, and leading the Group to the forefront of Omani financial and banking institutions.”

Oman Arab Bank is the principal shareholder of Alizz Islamic Bank, following the completion of the merger between the two banks in July 2020. As a result, Oman Arab Bank has turned into a public joint stock company, with shares listed on the Muscat Securities Market. OAB has a rich and proud history as one of the first financial institutions established in the Sultanate. It has achieved considerable development in providing digital services and solutions to its personal banking and corporate banking clients. Alizz Islamic Bank is also one of the leading Islamic banks in the Sultanate, providing high-quality banking services that are Shariah-compliant. After merging the Al Yusr Islamic Banking window with Alizz Islamic Bank, the Bank’s branches will be 17 branches in total. This enables a greater capacity to finance and meet the financial needs of its clients as well as support the growth of Oman’s national economy.

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