MUSCAT: Ooredoo has announced the promotion of Abdul Razzaq al Balushi (pictured) to Chief Financial Officer. He takes over from Jorgen Latte, who has retired on February 1, 2017 as CFO.
In his new post, Abdul Razzaq will have overall responsibility for managing the finance function, which will involve strategic finance, budgeting and planning, revenue assurance, business control, accounts and financial control, investor relations, procurement contracts and supply chain.
He will also be responsible for developing strategies for sustainable value creation and also risk management in relation to setting and achieving organisational objectives.
Abdul Razzaq formerly served as the company’s Deputy Chief Financial Officer and has more than 25 years of experience working in a wide variety of managerial positions in corporate planning, strategy, finance, banking, and risk management. Prior to joining Ooredoo, he worked with Oman Trading International Operations in the UAE, HSBC, Oman LNG LLC, Oman Shipping Company SAOG and Aldersgate Partners.