Published: July 31, 2012
Omani Islamic bank names top team.
Bank Nizwa, an Omani Islamic bank scheduled to open later this year, has named its board of directors.
The board will be led by Sayyid Amjed Mohammed Al Busaidi as chairman and Amer Hamed Al Sulaimani as vice-chairman, with eight fellow board members.
Announcing the formation of the board, bank CEO Dr. Jamil Al Jaroudi described the news as taking “a step closer to [launching] Bank Nizwa”.
“All plans are progressing as per schedule, our staff is trained and in place and our first three branches are being fitted out,” Al Jaroudi added.
“The board includes members of the bank’s founding committee as well as new directors, and the experience and knowledge of our newly elected board of directors will provide further guidance to promote shareholder interests as well as the growth of Islamic banking in the Sultanate.”