MUSCAT: His Majesty Sultan Haitham bin Tarik on Wednesday issued a Royal Decree appointing Ahmed bin Jafer Al Musalmi, as the Governor of the Central Bank of Oman, with the rank of Minister.

Al Musalmi is currently serving as the Chief Executive Officer of Sohar International since May 2018. Al Musalmi has been a catalyst in the bank’s transformation and a proven leader who combines business vision and people skills. Al Musalmi has more than two decades of experience in the banking industry and is a results oriented and strategic thinker with extensive industry and functional expertise that includes Wholesale Banking, Capital Markets, Retail Banking and Wealth Management, Trade Finance, Risk Management, Operations Management, Information Technology, Human Resources, Finance and Strategy Development & Business Planning.

Prior to his stint at Sohar International, Al Musalmi was also the CEO National Bank of Oman. Al Musalmi is a graduate of Harvard Business School and holds an MBA degree with distinction from the University of Bedfordshire, UK. He is a fellow of the American Academy of Financial Management and has been a part of several advanced programs including in IMD-Switzerland and Stanford Graduate School of Business-USA.

His Majesty also appointed His Highness Sayyid Taimur bin Asaad bin Tariq Al Said as the Chairman of the Board of Directors of the Central Bank of Oman with the same rank and financial allocations. The membership of the Board of Directors shall include the Minister of Economy (Deputy Chairman), the Governor of the Central Bank of Oman, the Undersecretary of the Ministry of Finance, the Chairman of the Financial Services Authority, Rawan bint Ahmed bin Thabit Al Busaidi, Dr. Saeed bin Mubarak bin Saeed Al Muharrami, Dr. Khalfan bin Mohammed bin Khalid Al Barwani, and Dr. Jameel bin Darwish bin Jameel Al Shaqsi.