MSX announces appointment of CEO

Muscat: The Board of Directors of Muscat Stock Exchange (MSX) has announced the appointment of Haitham bin Salem Al-Salmi as the new Chief Executive Officer of the exchange.

Previously served as the General Manager of Muscat Clearing and Depository Company (MCD), Al Salmi is uniquely placed as the new CEO of MSX. As he has 18 years of experience serving in the capital market sector, which helped him, procure the opportunity to work directly with the regulatory authorities, investment institutions, listed companies and mediators operating in the market and set exemplary service records while achieving several business development milestones.

Mohammed bin Mahfoud Al-Ardhi, Chairman of MSX BoD, congratulated the new CEO on his appointment and wished him the best in all his future endeavour. He also expressed happiness on this appointment and showed confidence in the capabilities of Al Salmi to lead the Exchange in an era of development, which began with the transfer of the Exchange from a government-owned entity into a private company.

He mentioned that Muscat Stock Exchange is now a closed joint stock company operating under the umbrella of Oman Investment Authority (OIA) with plans to develop the securities sector and enhance its role in the economic development of the Sultanate while providing a diversified investment climate with opportunities for local and international investors.

Al Ardhi emphasised that Haitham will have full support from the Board of Directors in the performance of his duties in line with the BoD & Management unilateral Market Development Strategy, underway.

Haitham Al-Salmi took this opportunity to thank the Board of Directors for their confidence and the appointment. He also mentioned that Muscat Stock Exchange is currently going through a crucial transformation phase which requires all capital market sector institutions and individuals to work together effectively towards the initiative of placing MSX  on the regional and global investment map as an efficient and developed stock exchange.