The board of directors of Muscat Stock Exchange (MSX) announced the appointment of Haitham bin Salem al Salmi as the new chief executive officer of the exchange. Salmi previously served as the general manager of Muscat Clearing and Depository Company (MCD). 

Salmi’s 18 years of experience serving in the capital market sector, has helped him get the opportunity to work directly with the regulatory authorities, investment institutions, listed companies and mediators operating in the market and set exemplary service records while achieving several business development milestones, according to a press release. 

Mohammed bin Mahfoud al Ardhi, chairman of the MSX board of directors, congratulated the new CEO on his appointment and wished him the best in all his future endeavours.

 He also expressed happiness on this appointment and showed confidence in capabilities of Salmi to lead the MSX in an era of development, which began with the transfer of the exchange from a government owned entity into a private company. 

He mentioned that, Muscat Stock Exchange is now a closed joint stock company operated under the umbrella of Oman Investment Authority (OIA) with plans to develop the securities sector and enhance its role in the economic development of the sultanate while providing a diversified investment climate with opportunities for local and international investors. 

Ardhi emphasised that Salmi will have full support from the board of directors in performing his duties in-line with the board and management unilateral market development strategy, underway. 

Salmi thanked the board of directors for their confidence and the appointment. He also mentioned that Muscat Stock Exchange is currently going through a crucial transformation phase which requires all capital market sector institutions and individuals to work together affectively towards the initiative of placing MSX on the regional and global investment map as an efficient and developed stock exchange.