Bank Muscat chief executive ranked among top Gulf CEOs
Times News Service
MUSCAT: In recognition of his outstanding contribution to the banking and financial sector in Oman and the Gulf Cooperation Council (GCC) region, Abdul Razak Ali Issa, Chief Executive Officer (CEO) of Bank Muscat, has earned a prominent position among the top CEOs in the GCC region, for the third consecutive year.
The ranking was done by leading business publication group Mediaquest, in association with INSEAD Business School and Hawkamah Corporate Governance Institute.
Commenting on the achievement, Abdul Razak said: “Bank Muscat is a renaissance achievement of the Sultanate and I am proud to be associated with the Bank in its quest to emerge as the leading financial services provider in the Sultanate. I owe this achievement to the valuable development opportunities made available to Omanis by the vision of His Majesty Sultan Qaboos Bin Said. I also greatly value the support of my 3,600-plus colleagues at Bank Muscat. I thank the entire banking fraternity in the region for this recognition and goodwill.”
A highly respected figure in the financial sector, Abdul Razak is the Chairman of the Oman Banks Association.
Abdul Razak, who has over 41 years of experience in the banking sector, assumed the role of CEO of Bank Muscat in 1994. The prominent accolades won by him include the “Arab Banking Personality” award by the Arab Banking Union, “Power 500 — the World’s most influential Arabs” award by Arabian Business magazine, the “Banking and Finance Personality of the Year” at the 3rd Middle East CEO Awards, the Best CEO award by Business Today magazine and the “Lifetime Achievement” award by Oman Economic Review.
Last year, Bank Muscat celebrated its 35th anniversary. Today, the Bank is one of the leading Omani institutions supporting the advancement of the economy and development of national cadres. In contributing to the nation’s economic and social development, these achievements stem from the dedicated efforts of employees to implement the bank’s vision, values and strategies to serve customers, shareholders and the nation.
Ushering in a new era of strategic growth, the bank has adopted the vision “To serve you better, everyday”, defining ambitious goals for the coming period.
The new vision positions the Bank to move forward, in line with the developments in the financial sector, highlighting customercentric priorities and enhancing efficiency and productivity.
The new vision is all about maintaining the Bank’s leadership position and looking ahead, understanding the trends that will shape the Bank’s business in the future and moving swiftly to prepare for what is to come.