Murshidi resigns from Bank muscat board to join SGRF

Muscat - 

Abdul Salam bin Mohammed bin Abdullah al Murshidi has resigned from his position as member of the board of directors of bank muscat to join the State General Reserve Fund (SGRF) as chief executive officer, the bank said in a filing to the Muscat Securities Market (MSM) on Thursday. Murshidi was appointed, through a recent Royal Decree, as CEO of SGRF with special grade.

 “As a result of this appointment, he has resigned from his position on the bank’s board of directors. The board nomination and compensation committee of the bank will look to fill the vacant position.

The board of directors will inform the markets when a decision has been made and necessary approvals have been obtained,” bank muscat said.

SGRF, which is owned by the Government of Oman and administered by the Ministry of Finance, manages the investments of the sultanate. Murshidi is also chairman and CEO of Rawasi Oman Investments LLC, an asset management and corporate finance services company. He has also founded various industrial, commercial and investment companies in the region.

Currently, he chairs and is a member of the board of directors of many companies in Oman and the GCC.

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