REG - BankMuscat (S.A.O.G) - Resignation and Appointment of a Board member

Bank Muscat SAOGAnnouncement

07/05/2026 12:30

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RNS Number : 4645D  BankMuscat (S.A.O.G)  07 May 2026

 Date: 7(th) May 2026

 Subject: Resignation and Appointment of a Director for the vacant seat
 Bank Muscat SAOG would like to disclose that Mr. Sanjay Kawatra, has resigned
 from his position as a member of the Board of Directors, due to personal
 reasons.  The Board of Directors has accepted his resignation effective from
 6(th) May 2026.

 The Board extends its sincere appreciation to Mr. Kawatra for his valuable
 contributions during his time on the Bank's Board of Directors and hopes his
 success in future pursuits.

 The Board has resolved to appoint Mr. Badar bin Awadh Al Shanfari to fill
 the vacant Board seat until the next Annual Ordinary General Meeting, subject
 to the approval of the regulators.

 Mr. Badar Al Shanfari has over 20 years of experience in the field of
 Investments and Financial Services. Mr. Badar is the Chief Operating Officer
 of Ominvest.  Throughout his career he has held various leadership positions
 and has been in Boards of various companies, in different sectors and
 geographies.  Mr. Badar holds an MBA from Strathclyde University and a
 Bachelor of Business Administration from Duquesne University. He is a
 Certified Public Accountant (CPA) from the state of Delaware.

 

 

Waleed K. Al Hashar

Chief Executive Officer

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