His Majesty Sultan Haitham bin Tarik has recently appointed Ahmed bin Ja’afar bin Salim Al Musallami as the new Governor of the Central Bank of Oman. Al Musallami, who currently serves as the Chief Executive Officer of Sohar International, has been appointed with the rank of Minister. The Royal Decree No. 5/2025 officially appoints Al Musallami as Governor of the CBO, with the decree to be published in the Official Gazette and enforced from its date of issue.
In addition to appointing the new Governor, another Royal Decree, No. 4/2025, also announced the members of the Board of Directors of the Central Bank of Oman. HH Sayyid Taimour bin Asa’ad bin Tarik Al Said has been appointed as the Chairman of the Board of Directors, along with other members including the Minister of Economy as Deputy Chairman, the Governor of the Central Bank of Oman, the Undersecretary of the Ministry of Finance, the Chairman of the Financial Services Authority, and several others.
The appointment of Al Musallami as the new Governor of the CBO comes at a critical time for Oman as the country navigates economic challenges and the ongoing impact of the global pandemic. With his experience as the CEO of Sohar International, Al Musallami is well-equipped to lead the CBO and contribute to the development and stability of Oman’s financial sector. His Majesty’s appointment signals a commitment to ensuring the efficient management of the country’s monetary policies and financial stability.
As the Governor of the Central Bank of Oman, Al Musallami will play a crucial role in overseeing the country’s monetary policy, managing its foreign exchange reserves, and regulating the banking sector. His appointment is expected to bring a fresh perspective and strategic leadership to the CBO, as Oman works towards enhancing its financial infrastructure and promoting economic growth.
Under the leadership of HH Sayyid Taimour bin Asa’ad bin Tarik Al Said as the Chairman of the Board of Directors, the Central Bank of Oman is likely to benefit from enhanced governance and strategic direction. With a diverse and experienced team of members on the Board of Directors, the CBO will be well-positioned to address the economic challenges facing Oman and implement effective policies to support sustainable development and financial resilience.
Overall, the recent appointments of Ahmed bin Ja’afar bin Salim Al Musallami as Governor of the CBO and HH Sayyid Taimour bin Asa’ad bin Tarik Al Said as Chairman of the Board of Directors reflect His Majesty Sultan Haitham bin Tarik’s commitment to promoting strong leadership and governance within Oman’s financial institutions. These appointments are expected to contribute to the country’s economic stability and growth, and pave the way for continued progress in the financial sector.
