Banking redefined

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.

Mr. Mohammed Mahfoudh Al Ardhi

Chairman

Mr. Mohammed Mahfoudh Al Ardhi

Chairman

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”.

Current affiliations:

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).

Mr. Abdullah Al Harthy

Deputy Chairman

Mr. Abdullah Al Harthy

Deputy Chairman

Mr. Abdullah Al Harthy is Chief Financial Officer of State General Reserve Fund (SGRF) and leads the finance and investment operations. With his role, Al Harthy is also responsible for overseeing strategic planning, and information technology departments. With over 17 years of career with SGRF, Al Harthy occupied several positions in the investment and business strategy departments. In 2010, he headed the Business Strategy unit which developed the fund’s asset allocation framework, built economic research capabilities in addition to managing internal and external portfolio mandates. From 2005, he has engaged in many initiatives which aimed at setting up investment platforms including joint ventures in Vietnam and Brunei. Al Harthy is currently vice chairman of Muscat National Development and Investment Company (ASSAS) and Al Khawthar Fund, which invest in securities listed in GCC markets.
Al Harthy holds a Master of Business Administration (MBA) from IMD Business School, Switzerland and a Bachelor degree in Finance from Sultan Qaboos University in 2001. He is a Chartered Financial Analyst (CFA) since 2004, and a member of the CFA Institute. Al Harthy currently holds the position of the Deputy Chairman of Sohar International, Chairman of the Audit Committee, member of the Risk Management Committee (RMC), as well as the Executive, Nomination and Remuneration committee (ENRC).

Engr. Ahmed Hamed Al Subhi

Director

Engr. Ahmed Hamed Al Subhi

Director

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.

Mr. Salim Mohamed Al Mashaiky

Director

Mr. Salim Mohamed Al Mashaiky

Director

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).

Mr. Tareq Al Mugheiry

Director

Mr. Tareq Al Mugheiry

Director

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

Director

Mr. Said Ahmed Safrar

Director

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

Director

Mr. Bipin Dharamsey Nensey

Director

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.

Mr. Ahmed Jafar Al Musalmi

Chief Executive Officer

Mr. Ahmed Jafar Al Musalmi

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, IT, HR, Finance and Strategy Development & Business Planning. 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 and was the CEO of one of the major local banks in 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 Luton, 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.

Mr. Khalil Salim Al Hedaifi

Chief Retail Banking Officer

Mr. Khalil Salim Al Hedaifi

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 Examination held in the Sultanate of Oman in the year 2000.

Mr. Craig Barrington Bell

Chief Financial Officer

Mr. Craig Barrington Bell

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.

Mr. Manish Dhameja

Chief Wholesale Banking Officer

Mr. Manish Dhameja

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.

Mr. Abdul Wahid Al Murshidi

Chief Islamic Banking Officer

Mr. Abdul Wahid Al Murshidi

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)

Mr. Mujahid Said Al Zadjali

Deputy General Manager IT & Alternate Channels

Mr. Mujahid Said Al Zadjali

Deputy General Manager IT & Alternate Channels

Mr. Mujahid joined Sohar International in July 2006. With over 18 years of experience, he holds the position of Deputy General Manager IT & Alternate Channels at Sohar International. He is responsible for Managing the Information Technology & Alternate Channels Division, overall IT Governance and aligning IT Strategy with the organization’s Business Strategy. During his tenure, he has spearheaded and successfully completed many IT automation Projects, including Finacle Core Banking, and Oracle Suite of Products to provide the required Technological Platform for the success of the Business. Prior to joining Sohar International, Mr. Mujahid was working with one of the prominent local banks.

Mr. Mujahid holds an MBA degree from Luton University, UK and has obtained his Bachelors in Computer Science from Bangalore University, India. He has also completed the General Management Program from Harvard Business School in USA and graduated the National CEO Program under the patronage of the Diwan of Royal Court in 2017.

Mr. Kamran Haider

Sr. AGM & Head – Internal Audit

Mr. Kamran Haider

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).

Dr. Karim Fayek Mohamed

Sr. AGM & Head – Risk Management

Dr. Karim Fayek Mohamed

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.

Mr. Abdulali Abdullah Al Lawati

Sr. AGM & Acting Head, HR & Corporate Support

Mr. Abdulali Abdullah Al Lawati

Sr. AGM & Acting Head, HR & Corporate Support

Abdulali Al Lawati joined the Bank in 2008 with decades of experience in many management functions. He has 38 years of varied experience in Education, Administration, Corporate Governance, Corporate Support, IT and Management. He is currently heading the HR & Corporate Support Division and is involved in many strategic initiatives of the Bank.

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.

Due to his experience and exposure, he was involved in the Re-structuring, Implementation of Strategies and in Facilitating Change Management in the Bank. He is a certified Islamic Banker and was a part of the Islamic Banking formation Committee.

Considering his involvement in many aspects of business and his commitment and dedication, Abdulali Al Lawati was appointed as Acting Head – HR & Corporate Support after functioning as Senior AGM Corporate Support and Secretary to the Board for over 5 years.

Mr. Khamis Al Rahbi

Sr. AGM & Head of Operation

Mr. Khamis Al Rahbi

Sr. AGM & Head of Operation

Mr. Elsamawal Abdulhadi Mohammed

AGM & Head-Legal Affairs

Mr. Elsamawal Abdulhadi Mohammed

AGM & Head-Legal Affairs

Before joining the service of Sohar International, Mr. Elsamawal worked for major banks and law firms in Sudan. He brings about around 13 more than 15 years of extensive legal experience, 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. Mr. Idris is signaled out by legal directories as an individual with exceptional understanding of Oman’s banking system. He is also commended for his wide-reaching initiatives to improve efficiency and performance in his function. He holds Master’s degree ‘LLM’ and Bachelor’s degree ‘LLB’ in the field of law from the University of Khartoum. He has attended many programs on various legal and compliance matters and has also published articles on the subjects.

Mr. Khalid Khalfan Al Subhi

AGM & Head of Compliance

Mr. Khalid Khalfan Al Subhi

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.

Shareholders

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)

Shareholders in Sohar International

As of 31 December 2018, the following shareholders held 5% or more of the Bank’s capital:

Shareholder NamesPercentage of Shareholding
Oman Investment and Finance Company15.36909
Royal Court Affairs14.56903
Seventh Moon Investment LLC9.02803
Neptune National Investment Company LLC7.81079
Oman Investment Fund7.60147
State General Reserve Fund4.33979
MARS Development and Investment LLC4.22580

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