Wednesday 28 October 2020
 
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Ahmed Al Musalmi

Sohar International’s chief chosen CEO of the year

MUSCAT, 19 days ago

Ahmed Al Musalmi, Chief Executive Officer of Sohar International has won the ‘CEO of the Year – Banking’ Award at the Oman Banking & Finance Awards 2020. 
 
This was in recognition of his exceptional leadership in taking Sohar International to greater heights and setting new benchmarks in banking & finance excellence,
 
This award comes as a true testament to the resilient growth strategy that has been set in full gear with an exemplary leadership style enabling the bank to reach new heights and continue to redefine banking.
 
The award was presented to Al Musalmi by the Chief Guest and Keynote Speaker, Tahir Al Amri, Executive President, Central Bank of Oman, at a ceremony held at Hotel Sheraton Oman where 
Mohammed Mahfoudh Al Ardhi, Chairman of the Board of Directors at Sohar International said: “Sohar International continues to be steered by a team of leaders that are highly capable with extensive knowledge and come from different backgrounds. With a pool of extremely talented and skilled individuals, harnessing such powers truly requires a leader that can inspire and
drive change to build a culture of innovation in the bank, which is today apparent in Sohar International’s benchmark services that define modern banking and financial excellence. Al Musalmi has been a significant catalyst to the changes witnessed in the bank and its overall performance. He has been able to build a strong brand identity for Sohar International, that reflects the strength, potential and promise of our futuristic vision to be a world-leading Omani service company, that helps customers, communities and people to prosper and grow.”
 
Sohar International has persistently delivered robust growth, reflecting the bank’s capabilities underpinned by continued investment in key growth initiatives. Driven by the desire to build an organisation that has the capability to withstand the vagaries of business cycles and deliver long-term sustainable growth, Sohar International continues to follow an institutional building approach for the future. 
 
The bank has achieved strong financial performance in 2019, which is a testament to the strategy that has been set forth by the leadership, the organisation’s approach to business, and collective performance of its workforce. The results have led the bank to attain an overall increase of more than 17% in net profits compared to 2018, reflecting a healthy trajectory for Sohar International in the financial year 2019. 
 
The key driving factor behind the success is the development and implementation of an agile growth strategy underpinned by innovative and customer-centric banking services to the fast-growing client base.
 
Sohar International has been conferred with a number of awards and accolades at prestigious international and national platforms over the years. The bank recently won the ‘Best Bank (Large Size) in Growth’ award at the Oman Banking & Finance Awards 2020. 
 
In recognition of its financial performance the bank also received the ‘Best Performing Bank’ in Oman Award by the UK based Financial Times monthly publication - The Banker, in the Top 100 Arab Bank 2020 which is resounding endorsement of Sohar International’s success in the journey to achieve bigger wins for the people of Oman. 
 
The bank was also adjudged as a frontrunner under the Innovative Custom Components category at the sixth edition of the Infosys Finacle Client Innovation Awards.
 
The Oman Banking & Finance Awards, powered by OER, are presented to select banks and industry professionals for their path breaking performance, unique solutions and market leadership. 
 
The event was attended by senior-to-mid level bankers, fintech experts, finance & investment professionals, insurance experts and business consultants. The event was held under strict social distancing norms. -- Tradearabia News Service
 
 



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