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The decision is result of Al Shaikh’s successes as acting head in the digital retail banking
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Al Shaikh has an experience of over 21 years in corporate banking, project financing, retail banking
Oman Arab Bank (OAB) has announced the appointment of Rashad Al Shaikh as Head of its Retail Banking Division.
The decision comes in the wake of the various successes achieved by Al Shaikh as acting head of the division, especially in the acceleration of the digital retail banking strategy.
Commenting on the appointment, Rashad Al Musafir, CEO of OAB said that Al Shaikh has extensive experience in retail banking.
“He also has a future vision for the mechanism of developing these services in line with the Bank’s strategy to enhance innovation in new solutions that we offer to the market,” Al Musafir said adding that as the acting head of the division during the last few months, Al Shaikh had proved his presence in the development of digital solutions, which were launched by the OAB for the first time in the local market.
“He played a significant role in the steady increase of the number of digital banking users and ensuring their level of satisfaction. I am confident that the Retail Banking Division will achieve remarkable performance under the leadership of Rashad Al Shaikh during the coming period,” Al Musafir said.
Al Shaikh’s appointment, the CEO added, is in line with the Bank’s strategy to enhance the presence of national competencies in the executive management saying this was part of the Bank’s career succession and talent management plan.
Al Shaikh thanked the Bank’s management, especially Al Musafir for his appointment. “I expect that there will be fundamental changes in the ways our banking services and products are offered to individuals, in light of the rapid changes brought on by the current circumstances,” Al Shaikh said. “On behalf of the Retail Banking team at OAB, I assure our valued customers that they will have a transformed and comprehensive banking experience, aligned with international standards and will not only live up to their aspirations but also exceed expectations.”
Al Shaikh has an experience of over 21 years in various fields including corporate banking, project financing, investment and retail banking. Rashad holds a Bachelor of Arts in Business Administration from the University of Central Florida in Orlando, United States of America. `
The OAB is one of the first financial institutions to be established in the Sultanate. Today, the bank operates a nationwide network of 54 branches and representative offices with 160 ATMs spread across Oman. The OAB provides a complete range of financial products and services through its OAB Online App. Customers can now digitally open an account and benefit from several other services, directly from the convenience of their mobile phones.