Muscat, Oman; May 10, 2014: The National Bank of Oman (NBO) today announced the appointment of Ahmed Al-Musalmi as Chief Executive Officer. Mr. Al-Musalmi, who served as NBO Deputy Chief Executive Officer Since 2011, takes over from Salaam Al-Shaksy who is leaving the bank after four successful years to pursue new personal and professional interests.

As Deputy Chief Executive Officer of the National Bank of Oman, Mr. Al-Musalmi, worked closely with Mr. Al-Shaksy to transform the bank. In his new role, Mr Al-Musalmi will continue to drive forward the National Bank of Oman's long-term strategy for sustained growth. 

National Bank of Oman's Chairman, Mr. Mohammed Mahfoodh Al-Ardhi, said: "I would like to personally thank Salaam Al Shaksy for his contribution and service to the National Bank of Oman. His leadership during the transformational period for the bank has been fundamental to our success."

Mr. Al-Ardhi added: "I am delighted that Ahmed Al-Musalmi has been appointed to lead the National Bank of Oman as we enter the next stage of our growth. This is a very exciting time for the bank as we roll out the next phase of our strategy. A highly qualified and well rounded banker, Ahmed has demonstrated great leadership and made a significant contribution in redefining the strategy of the bank. His deep knowledge of the National Bank of Oman allied to his broad range of financial industry experience make him uniquely well qualified to take on this role."

Mr. Al-Musalmi has 20 years of extensive hands-on experience across the finance industry, including retail banking, wealth management, corporate banking, treasury, financial management, operations management, trade finance and several other sectors.

Ahmed is a Harvard Business School Graduate of AMP. He holds a Master's degree in Business Administration, with distinction, from the University of Luton in the UK; International Diploma in Financial Services; Chartered Market Analyst with Financial Analyst Designate; Chartered Portfolio Manager; and Chartered Wealth Manager. He is a fellow of the American Academy of Financial Management. He also attended a high performance leadership program with IMD-Switzerland.

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About National Bank of Oman:
National Bank of Oman, the first local bank in the Sultanate of Oman, was founded in 1973 and is today one of the leading banks in Oman. The Bank serves its customers in Oman through 61 Branches and 173 ATMs and CCDMs as well as two Branches in U.A.E.

The bank is committed to community involvement through its corporate citizenship programmes and is an active supporter of a range of worthy causes in Oman, with emphasis on health and human services, civic, education, environment, youth and women, and arts and culture. 

For further information, please contact:
Tarek Sakik
Head of Corporate Communications & CSR
National Bank of Oman
Tel: + 968 24 778430
Fax: + 968 24 778439
E-mail: TSakik@nbo.co.om

© Press Release 2014