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’s distinguished career spans more than two decades and has included senior leadership roles at several organisations. His extensive banking experience covers Retail Banking and Wealth Management, Corporate Banking, SME, Trade Finance, Capital Markets, IT, HR and Strategy & Business Planning.

Mr. Al Musalmi is the Deputy Chairman of Oman Bankers Association, a member of the College of Banking and Financial studies’ board, and is a committee member of the Bank Deposits Insurance Scheme (BDIS) at the Central Bank of Oman. He also sits on the boards of a number of prominent institutions including Oman Aviation Group, Special Economic Zone of Duqm (SEZAD), Majan College, and Oman Takaful.

Mr. Ahmed Al Musalmi completed the Harvard Business School Advanced Management Programme and holds an MBA with distinction from the University of Luton, UK as well as an International Diploma in Financial Services. He is a Chartered Market Analyst with Financial Analyst Designate, Chartered Portfolio Manager and Chartered Wealth Manager. He is a fellow of the American Academy of Financial Management and has attended a number of advanced programs including an intensive high performance leadership programme at the IMD business school in Switzerland.

Mr. Khalil Salim Al Hedaifi

Chief Retail Banking Officer

Mr. Khalil Salim Al Hedaifi

Chief Retail Banking Officer

Mr. Khalil Salim Al Hedaifi enjoys an experience of more than 18 years in banking business in general and the areas of Retail Banking, Wealth Management, Strategic Planning, Product Management, and People Management, in particular. Mr. Khalil holds an MBA qualification from Northampton University and his last position was the DGM – Deputy Chief Retail Banking Officer in one of the local banks.

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 Al Murshidi is a seasoned banking professional with over 18 years of work experience across different functions including Audit, Finance, Investment and Islamic Banking in Oman and abroad. Prior to joining Sohar Islamic, Mr. Murshidi held a position as Deputy General Manager in a local Islamic bank in the Sultanate. He holds MBA qualification from the prestigious London Business School and a BSc in Finance from the Sultan Qaboos University.

Mr. Mujahid Said Al-Zadjali

DGM – IT & Alternate Channels

Mr. Mujahid Said Al-Zadjali

DGM – IT & Alternate Channels

Prior to joining Sohar International in 2006, Mr. Mujahid had worked for a local bank. He is a pioneer in setting up Sohar International’s Information Technology Department (ITD). He was also instrumental in setting up state of the art Technology with many accolades viz First Bank in the Sultanate with ISO/IEC 27001:2005 certification for ITD and fastest Core Banking System implementation which was recognized and awarded in the Banking Technology Award from London. Mr. Mujahid holds a Bachelor’s degree in Computer Science from India and had completed his higher studies in the United Kingdom (UK) to be a Masters holder in Business Administration from Luton University. He has over 20 years of experience in Banking Technology sector in Oman. He has also completed General Management Program from Harvard Business School, U.S.A. in 2013 and graduated the National CEO Program under the patronage of the Diwan of Royal Court in May 2017.

Mr. Kamran Haider

Sr. AGM & Head – Internal Audit

Mr. Kamran Haider

Sr. AGM & Head – Internal Audit

Mr. Kamran is a qualified Chartered Certified Accountant and Certified Internal Auditor with over 16 years of experience in the Financial Services Sector. Before joining Sohar International, he served as Deputy Head of Internal Audit of Alawwal Bank in the Kingdom of Saudi Arabia. Mr. Kamran has previously worked at Big4 audit firms, such as KPMG in Saudi Arabia & Pakistan and PwC Ireland. Kamran gained extensive experience of financial accounting, financial reporting, internal controls framework, Sarbanes-Oxley, internal audit, external audit, IFRS and group consolidation during his career.

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 Rashid Al Subhi

AGM and Head of Compliance

Mr. Khalid Khalfan Rashid Al Subhi

AGM and Head of Compliance

Khalid Khalfan Rashid Al Subhi is AGM & Head of Compliance. Before joining the service of Sohar International, Mr. Khalid Al Subhi associated with Central Bank of Oman for last 19 years’ experience in banking. He has worked as a Bank Examiner conducting on-site examinations of Banks and Finance and Leasing Companies, including Islamic Banks and the operations of Islamic banking windows. Mr. Khalid holds a Bachelor in Banking and Financial Sciences from Arab Academy for Banking and Financial Sciences.

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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