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HM The Sultan issues Royal Decree forming CBO Board of Governors

10 Sep 2020 By ONA

His Majesty Sultan Haitham Bin Tarik today issued a Royal Decree, No. 117/2020, forming the Board of Governors of the Central Bank of Oman (CBO).

Article (1) structures the Central Bank of Oman’s Board of Governors under the chairmanship of Sayyid Taimour bin Asa’ad bin Tarik al-Said, and with membership of the following:

·      Minister of Economy (as Deputy Chairman)
·      Under-Secretary of the Ministry of Finance
·      Chief Executive Officer of Capital Market Authority
·      Maqbool bin Ali bin Sultan al-Lawatia
·      Sheikh Mohammed bin Saud bin Salim Bahwan al-Mukhaini
·      Ahmed bin Mohammed bin Abdullah al-Abri

  The Board’s membership will be for 5 years from the date of enforcement of this decree.

Article (2) cancels all that contravenes this decree or contradicts with its provisions.

Article (3) says that this decree shall be published in the Official Gazette and enforced with effect from its date of issue. 

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