Muscat: Bank Muscat has appointed Sheikh Waleed Al Hashar as the new Chief Executive Officer starting from January 1, 2019, the company disclosed on Muscat Securities Market’s (MSM) website.
In a statement online, Bank Muscat said: "The bank is pleased to announce that the Board of Directors at its meeting on June 27, 2018, approved the executive management recommendation to appoint Sheikh Waleed K. Al Hashar as Chief Executive Officer of the bank commencing January 1, 2019."
This comes in line with the “Senior Management Succession Plan” endorsed by the Board in 2015. Abdul Razak Ali Issa, current Chief Executive Officer and Ahmed Al Abri, Chief Operating Officer will retire from their positions on December 31, 2018, after more than 30 years of service with the bank.
Abdul Razak Ali Issa and the executive management will oversee the completion of the transition in the upcoming months.