A bank born from a big dream has become part of an even bigger vision today. Presenting Sohar International, an Omani facility that is equipped with an ambition to take on the world with a steady focus on the future. We're ready to change banking services to serve you better and scale the highest mountains to exceed your changing expectations. In short we're prepared to make an invaluable contribution to the prosperity of our society.
Al Ardhi joined Sohar International as the chairman in December 2017. Mr. Al Ardhi is also the Executive Chairman of the global investment firm Investcorp.
A retired Air Vice Marshal by profession, Mr. Al Ardhi joined the Royal Air Force of Oman in 1978, and was subsequently appointed as Chief of the Omani Air Force. In 2000, he was awarded the “Order of Oman” by His Majesty Sultan Qaboos bin Said Al-Said.
Al Ardhi is the former chairman of the National Bank of Oman where he served for three years as Deputy Chairman and three years as Chairman of the Board.
Al Ardhi holds a Bachelor of Science degree in Military Science from the Royal Air Force Staff College in Bracknell, UK and a Master’s in Public Administration from John F. Kennedy School of Government, Harvard University USA. He also graduated from the prestigious US military institution the National Defense University in Washington D.C., USA. After studying military strategy.
Al Ardhi regularly speaks on international trade, the relationship between the Middle East and the West and the security of the Gulf. He is also the author of three books: “Arabs Down Under”, “Pearls from Arabia” and “Arabs Unseen”.
International Advisory Board of The Brookings Institution in Washington, D.C.
Trustee for the Eisenhower Fellowship in Philadelphia
Member of Community Chairmen Group, World Economic Forum
Member of Harvard Kennedy School Dean’s Council
Member of The Arab Gulf States Institute in Washington
In addition to his position as the Chairman of the Board of Directors at Sohar International, he also holds the position of the Chairman of the Executive, Nomination and Remuneration committee (ENRC).
Engr. Ahmed Hamed Al Subhi holds an MBA and Honors Degree in Electrical Engineering. Currently, he is the Chief Executive Officer of “ACWA Power Barka SAOG”.
Engr. Ahmed Al Subhi is widely recognized in the power generation and desalination industry; he was actively involved in developing and implementing of Mega Independent Power and Desalination Project and other projects in the region. Engr. Ahmed has been involved in many transformations and restructuring of private companies based on his substantial operational experience of working with many multinational organizations.
He was the Chairman of Oman Investment & Finance Co. SAOG (OIFC) from January 2014 till June 2017 and is currently on the board of Voltamp Energy. In addition to his role as a member of the Bank’s Board of Directors, Engr. Ahmed Al Subhi is also the Chairman of the Board Risk Committee (BRC) and member of the Board Audit Committee.
Sheikh Salim Mohamed Masaud Al Mashikhi Holds a Bachelor's Degree in Mathematics, he is currently employed in the Expenditure Department of the Royal Court Affairs.
Sheikh Salim is Deputy Chairman of Oman Fixed Income Fund (OMFI)
In addition to his role as a member of Sohar Internationals’s Board of Directors, Mr. Salim Al Mashaiky is a member of the Board Audit Committee, and the Board Risk Committee (BRC).
Tareq Al Mugheiry is the Chief Investment Officer of Oman Investment Corporation SAOC (OIC). Prior to joining OIC, Tareq worked with a number of international companies including: Philips Electronics in corporate strategy and mergers & acquisitions; J.P. Morgan in investment banking covering the European technology sector; and Oman LNG’s project finance team. He holds a Bachelor of Law (LLB) and Bachelor of Commerce (B. Com) from the University of Western Australia. Tareq serves on the boards of Innovation Development Oman, Takaful Oman Insurance, Sembcorp Salalah O&M Company and TMK GIPI. Mr. Tareq Al Mugheiry is a member of the Credit Approval Committee (CAC), and the Executive, Nomination and Remuneration committee (ENRC).
Mr. Said Ahmed Safrar holds a Master in Business Administration (MBA) from the University of Hull in the UK, a Business Management Diploma from King’s College Bournemouth in the UK and a Specialised Diploma from the Arab Academy for Banking and Financial Science in Jordan.
Mr. Said has over 24 years of experience in the Banking and Telecommunications’ Sector, he is Board member of The Financial Corporation (FINCORP) and Dhofar Power, currently Mr. Said holds the position of Chief Executive Officer of Oman Investment & Finance Co. SAOG.
In addition to his role as a member of the Bank’s Board of Directors, Mr. Said Safrar is also the Chairman of the Credit Approval Committee (CAC) and member of Executive, Nomination and Remuneration committee (ENRC).
Mr. Bipin Dharamsey Nensey holds a Bachelor’s Degree in Accounting and Finance. He is the Director of Dharamsey Nensey Company since 1977. He is currently Independent Non-Executive Director of Al Suwadi Power Company SAOG as well as Muscat Insurance Company SAOG since 14th July 2007. He served as the Vice Chairman of one of the local Banks for over 15 years.
Chief Executive Officer
Mr Ahmed Al Musalmi joined Sohar International in May 2018 as the Chief Executive Officer. He has been a catalyst in the bank’s transformation and a proven leader who combines business vision and people skills. Mr Musalmi has more than two decades of experience. He is a results oriented and strategic thinker with extensive industry and functional expertise that includes Wholesale Banking, Capital Markets, Retail Banking and Wealth Management, Trade Finance, Risk Management, Operations Management, Information Technology, Human Resources, Finance and Strategy Development & Business Planning.
Mr Al Musalmi is a talented leader who uses keen analysis & insights, and team approach to drive organizational performance and motivate employees to peak performance. He held leadership positions and has worked across several national and international financial institutions in his career. He was the CEO and successfully led transformation of National Bank of Oman prior to his move to Sohar International.
Mr Al Musalmi is a graduate of Harvard Business School and holds an MBA degree with distinction from the University of Bedfordshire, UK. He also holds an International Diploma in Financial Services. Mr Al Musalmi is a Chartered Market Analyst with Financial Analyst Designate, a Chartered Portfolio Manager and a Chartered Wealth Manager to add on to his wealth of expertise. He is a fellow of the American Academy of Financial Management and has been a part of several advanced programs including in IMD-Switzerland and Stanford Graduate School of Business-USA.
Mr. Al Musalmi is the Deputy Chairman of Oman Bankers Association and a member of the College of Banking and Financial studies’ board. He also sits on the boards of a number of prominent institutions including Oman Aviation Group, Special Economic Zone of Duqm (SEZAD) and Oman Takaful (Insurance) Co.
Chief Retail Banking Officer
Mr. Khalil joined Sohar International in October 2018 as the Chief Retail Banking Officer. One of his key responsibilities is to develop the bank’s business franchise. With over 19 years of experience, Mr. Khalil is a dynamic leader with pioneering experience in achieving business growth objectives in mid-sized as well as large, established organizations. His vast experience brings him expertise in banking business in general and in areas of Retail Banking, Wealth Management, Strategic Planning, Product Management, and People Management. He started his career in the year 2000 with a local bank in Oman and has worked with other national and international banks in Oman and Qatar throughout his professional life before joining Sohar International as the Retail Banking Division Head.
Mr. Khalil holds an MBA degree from Northampton University and has also received an Administration Certificate from Oxford Cambridge and RSA.
Chief Financial Officer
Mr. Craig Barrington Bell joined Sohar International as Chief Financial Officer in January 2019 bringing with him over 25 years of banking experience; 15 of which have been in CFO roles with HSBC and Deutsche Bank including three years as CFO of the Saudi British Bank. Mr. Bell has extensive finance background and deep experience of managing complex international businesses across dynamic and changing markets. Commencing his banking career with Citibank in 1985, Mr. Bell has a plethora of technical and management skills in financial and regulatory reporting, management reporting, financial analytics, system infrastructure & controls, balance sheet management, strategic planning , investor relations and tax. Prior to joining Sohar International, Mr. Bell served for over 2 years as CFO with Al Hilal Bank (Abu Dhabi) . He is a distinguished member of the Institute of Chartered Accountants of Australia & New Zealand and graduated from Auckland University with a Bachelor of Commerce degree majoring in Accounting.
Chief Wholesale Banking Officer
Mr. Manish is a seasoned banking professional with over 23 years of working experience, during which he worked in UAE, Africa & across various cities in India. He is an Engineer, MBA & CFA. He has joined fromStandard Chartered Bank, where he held multiple leadership roles and led many businesses & large teams. Mr. Manish strength lies in establishing and growing new and large businesses, improve business profitability, client connections & team engagement.
Chief Islamic Banking Officer
Mr. Abdul Wahid has been associated with Sohar International since July 2019. Coming with over 18 years of professional experience across different functions of the Banking sector including Audit, Finance, Investment, and Islamic Banking. Prior to his role in Sohar International, he was the Deputy General Manager at one of the prominent local Islamic banks.
Mr. Abdul Wahid holds an EMBA degree from London Business School and has completed his Bachelors in Science from Sultan Qaboos University (SQU)
Chief Transformation Officer
Mr. MacLeod joined Sohar International on February 2020 as Chief Transformation Officer. With over 24 years of experience in leading digital transformation in large global banks and organisations, Mr. MacLeod complements the Executive Management Team in driving the Bank’s transformation & digitization agenda. His wealth of experience includes strategy, delivery and prioritization of digital transformation capable of supporting users and transactions, thereby adding value for the Bank’s stakeholders.
Prior to joining Sohar International, Mr. MacLeod played key leadership positions in several international organizations such as Nordea Bank AB in Denmark and Royal Bank of Scotland. He is a seasoned corporate entrepreneur, and holds a Bachelor of Science degree in Information Management from University College London.
Sr. AGM & Acting Head, HR & Corporate Support
Mr. Abdulali AI Lawati Joined Sohar International in August 2008, he holds the position of Senior AGM and Acting Head of HR & Corporate Support at Sohar International. He comes with over 38 years of experience in varied industries including Education, Administration, Corporate Governance, Corporate Support, IT, and Management, before joining the Banking sector. Coming with such diverse experience, he is involved in the Re-structuring, Implementation of Strategies and in Facilitating Change Management within the organization. He is also a certified Islamic Banker and was part of the Islamic Banking Formation Committee, as well as held leadership roles in a prominent local bank before joining Sohar International.
Mr. Abdulali completed his ILM IMQ Diploma in Management. He was subsequently awarded ‘The Level 7 Diploma in Strategic Management and Leadership’ from the Chartered Management Institute (CMI), UK and is a member and fellow of CMI.
Sr. AGM & Head – Internal Audit
Mr. Kamran holds the position of Senior AGM and Head of Internal Audit at Sohar International since September 2017. With over 18 years of experience in the Financial Services Sector, he worked across several financial institutions in Saudi Arabia, Pakistan, Ireland and Oman. He gained extensive experience of financial accounting, financial reporting, internal controls framework, Sarbanes-Oxley, internal audit, external audit, IFRS, and group consolidation reporting during his career.
Mr. Kamran holds a Bachelor’s degree in commerce from the University of Karachi Pakistan, and he is a Fellow member of Association of Chartered Certified Accountant (ACCA) and a Certified Internal Auditor (CIA).
Sr. AGM & Head – Risk Management
Dr. Karim F. Mohamed was appointed as Sohar International Bank’s CRO in January 2018 bringing with him over two decades of banking experience where he served in various capacities across the world. His last role was the Head of Risk Management at the Union National Banking Group headquartered in the United Arab Emirates. Dr. Karim has worked in the entire spectrum of Commercial, SMEs, Retail and Investment Banking including Shariah Compliant banking. He has diverse and extensive banking background, gleaned from a prodigious career that includes: Credit Risk Management, Operational Risk Management, Market Risk Management, Liquidity Risk Management, Assets & Liability Management, Business Continuity Management, Fraud Risk Management, Capital Planning, Risk Analytics, and Information Security. Dr. Karim holds a Doctorate Degree in Banking and Financial Stability from the École Supérieure Libre des Sciences Commerciales Appliquées, ESLSCA Business School, Paris, France, and an MBA in Financial Management from the Arab Academy for Banking and Financial Sciences.
AGM & Head-Legal Affairs
Mr. Elsamawal joined Sohar International in July 2013, and holds the position of AGM & Head of Legal Affairs & Board Secretary in the bank. With over 18 years of experience in the legal profession during which he helped organizations and clients doing to business in a legal and compliant way and was able to prove himself consistently in major transactions and disputes. He is signaled out by legal directories as an individual with exceptional understanding of Oman’s banking system and commended for his wide-reaching initiatives to improve efficiency and performance in his function.
Mr. Elsamawal, holds Master’s degree ‘LLM’ and Bachelor’s degree ‘LLB’ in the field of law from the University of Khartoum, Sudan.
AGM & Head of Compliance
Mr. Khalid joined Sohar International in December 2016. He has over 19 years of extensive experience as a Central Banker in various domains like Banking, Insurance and administration. His experience and responsibilities included conducting risk based examinations/audits, corporate governance, Capital adequacy, various business processes, control framework, and much more.
Mr. Khalid holds a Bachelor’s degree in Banking and Financial Sciences (CBFS) from the Arab Academy for Banking and Financial Sciences, and has completed his Higher Diploma in Administrative Procedures from the South Devon College, UK.
The authorised share capital of the Bank is 4,000,000,000 shares of RO 0.100 each (31 December 2017: 2,000,000,000 of RO 0.100 each). The issued and paid up share capital of the Bank is 1,982,646,391 shares of RO 0.100 each (31 December 2017: 1,784,646,242 shares of RO 0.100 each)
As of 31 December 2018, the following shareholders held 5% or more of the Bank’s capital:
|Shareholder Names||Percentage of Shareholding|
|Oman Investment and Finance Company||15.36909|
|Royal Court Affairs||14.56903|
|Seventh Moon Investment LLC||9.02803|
|Neptune National Investment Company LLC||7.81079|
|Oman Investment Fund||7.60147|
|State General Reserve Fund||4.33979|
|MARS Development and Investment LLC||4.22580|
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