Bank Sohar appoints new CEO

MUSCAT: Bank Sohar announces the appointment of Ahmed al Musalmi (pictured) as the new Chief Executive Officer with effect from May 20, 2018 taking over from Sasi Kumar who is leaving the bank after having served over 10 years to pursue new personal and professional interests.
In his new role as CEO of Bank Sohar, Al Musalmi will continue to spearhead the bank’s efforts towards further realising exponential and sustainable growth
CEO, Mohammed Mahfoudh al Ardhi, Chairman of the Board of Directors at Bank Sohar said “We are pleased to have such calibre like Ahmed al Musalmi to lead the management team towards further success and excellence. With a diversified and extended experience in the banking industry, we are confident that Al Musalmi will build on the Bank’s success and help strengthen its capabilities as a market leader to continue achieving sustainable growth across sectors.” Al Ardhi added, “I look forward to working with Al Musalmi as we take great steps to become one of the leading regional banks, playing a vital role in supporting the national economy and the financial sector and further tapping into new horizons of innovation and banking excellence.”
“I would like to thank Sasi Kumar for his dedication and contribution to the success of the Bank. We wish him great success in his future endeavours,” added Al Ardhi.
Al Musalmi’s distinguished career spans more than two decades and has included senior leadership roles at organisations such as National Bank of Oman (NBO), NBAD and Majan International Bank. His extensive banking experience covers Retail Banking and Wealth Management, Corporate Banking, SME, Trade Finance, Capital Markets, IT, HR and Strategy & Business Planning.