MUSCAT: Development Bank has appointed Hussein Al Lawati as its new Chief Executive Officer.

Hussein, who was previously the CEO of Muscat Finance, joins Development Bank with an experience of over 18 years in the banking and finance sector.

Prior to his tenure at Muscat Finance, Hussein held senior management roles at Bank Dhofar, including DGM and Chief Corporate Banking Officer, and AGM and Chief Retail Banking Officer, where he managed substantial assets and introduced key regulatory compliant solutions and CRM systems.

“I am excited to be asked to lead Development Bank at this important time. Driven by a talented and experienced team, the bank is a well-respected brand with a long and rich history of helping Omani businesses of all sizes succeed. My role is to set out the next stage of the bank’s journey and build a strategy for growth and innovation,” Hussein said.

As CEO of Development Bank, Hussein will leverage his extensive experience to enhance the bank’s operations, drive innovation, and support Oman’s economic development.

Eng Mohammed Al Ghassani, Chairman of Development Bank, said, “Hussein has worked at the very highest levels of Omani banking and finance, delivering outstanding results and strong growth. Given his proven track record, strategic acumen, and dedication to excellence, he is the perfect choice to lead Development Bank. On behalf of the board, I am delighted to welcome Hussein as CEO and look forward to working with him in the exciting years ahead.”