CEO Of Oman Arab Bank
Rashad Al Musafir currently holds the position of Chief Executive Officer of Oman Arab Bank since 01 October 2018. He has been the Acting CEO since 01 February 2018, and had also held the position of Deputy CEO since he joined the bank in August 2016.
Al Musafir has over 20 years of banking sector experience and knowledge in managing high-profile organisations in Oman. Before joining OAB in 2016, he was the Acting CEO of Bank Sohar, where he served for a period of nine years. During his tenure at Bank Sohar, he held various leadership positions, including Chief Financial Officer and Acting Head of Compliance. Prior to Bank Sohar, Al Musafir held leadership roles with several other organisation including Al Madina Gulf Insurance Company, Oman International Bank, and the Central Bank of Oman. He was also a part time instructor at the International Training Institute teaching specialised certifications such as Certified Internal Auditors (CIA) and Certified Management Accountants (CMA).
Al Musafir has been the Chairman of the National Aluminium Products Company (NAPCO) since March 2017, and had earlier been the Chairman of the Audit Committee of NAPCO between March 2014 and March 2017. He has also formerly served as a Board member in the Oman Tennis Association and was a member of the Finance, Banking and Insurance Committee at the Oman Chamber of Commerce and Industry (OCCI). He is also a board member in the OBA and a member of the executive committee.
Al Musafir holds a Bachelor of Arts Degree in Economics and a Bachelor of Science Degree in Finance from Boston University. He has also successfully completed the examinations for Certified Public Accountant (CPA) certifications from the State of Maine, and has completed various management programs, including the General Management Program (GMP) from the Harvard Business School.