The board of directors of National Finance Company has appointed TariqSulaiman al Farsi as the new CEO of the company.

Farsi – an experienced finance professional with more than 19 years of success in personal, commercial and investment banking – will be joining National Finance with effect from September 12, the company said in a disclosure to the Muscat Stock Exchange.

He previously worked as the CEO of Al Raffd Fund and also served as a board member for the Public Authority for SME Development. Farsi was also the deputy chairman of Omanisation in the finance and banking sector committee at the Ministry of Manpower.

‘Farsi has a successful and distinguished record of establishing Islamic banks, both within the sultanate and the GCC, and has vast experience in managing financial and banking transactions for individuals, companies and investment projects,’ National Finance said.

Farsi is a graduate of Shaikh Mohammed bin Rashid Center for Leadership Development programme, Kennedy School of Gernment, Hrarvard University and an alumni member of INSEAD Business School.

National Finance also announced the promotion of Ali Saif al Mani, general manager – business, to the deputy CEO position with effect from September 1.

Mani, according to National Finance, has over 20 years of experience in finance and banking industry with expertise across areas of corporate, retail, operations, project management and banking technology.