- Mohammed Mohsin Al Lawati, from LEAD 1, appointed as Deputy CFO
- Mohamed Abdullrauf, from LEAD 2, appointed as Head of Deposits – Retail
Muscat, 25 November 2019: Oman Arab Bank (OAB) has announced the promotions of two LEAD Graduates, Mohammed Mohsin Al Lawati and Mohamed Abdullrauf, to the positions of Deputy CFO and Head of Deposits – Retail respectively. These promotions are in line with the Bank’s focus on talent management and succession planning, a key pillar of the Bank’s operational strategy.
Commenting on the new appointments, Rashad Al Musafir, Chief Executive Officer of OAB said, “Our LEAD programme has been the backbone of our succession planning efforts within OAB with all LEAD graduates being fast tracked to positions of greater responsibility within the Bank. Mohammed Al Lawati, from the first edition of LEAD, and Mohamed Abdullrauf, from the second edition of LEAD, are two candidates who have proven themselves to be capable leaders dedicated towards achieving the goals of the organisation. Furthermore, these appointments are a reflection of our commitment towards training Omani nationals and using their talent and expertise to build a strong and dynamic senior management team at the Bank. I look forward to working with them as we continue to strengthen OAB’s position within Oman.”
Mohammed Al Lawati holds a Bachelor’s degree in Accountancy and Finance from the University of Stirling and has accumulated over 11 years of experience in Financial Control, Management Reporting and Budgeting. He has hands-on experience in leading firm-wide initiatives and managing stakeholders across levels. He joined OAB in 2015, and has since worked closely with the CFO on all Financial and Reporting matters. Mohammed Al Lawati was also a graduate of the Bank’s inaugural LEAD programme.
Commenting on his appointment, Mohammed Al Lawati said, “It’s an absolute honour to be appointed as the Deputy CFO at OAB. I would like to express my sincere gratitude to the CFO, CEO and the Executive Management for giving me this opportunity. I look forward to leveraging the experience I have accumulated over the years, together with the skills and knowledge from the LEAD 1 programme, to build on the solid foundations already in place at OAB and ensure the Bank continues to stay ahead of the curve.”
Promoted alongside Mohammed Al Lawati, is Mohamed Abdullrauf from the LEAD 2 programme. He has over eight years of experience in the finance sector and holds a Bachelor’s degree in Marketing. He joined OAB in 2011 and has since worked closely with his own team as well as the corporate team to achieve the Bank’s targets and goals. He has a clear, logical and practical approach to problem-solving and a drive to see things through to completion, even under extremely demanding environments and against tight timelines.
“Customer deposits is a segment of the Bank that has shown significant growth potential. I look forward to working with the team to further develop the Banks business and ensure continued success for OAB within this segment in Oman,” said Mohamed Abdullrauf. “I would like to thank the OAB management for giving me this opportunity and look forward to working with them to take OAB from strength-to-strength in the coming years ahead.”
Oman Arab Bank is proud to have achieved the highest Omanisation percentage within the banking sector, nearing 96 per cent. It also has a rich and proud history as one of the first financial institutions to be established in the Sultanate. Today, the bank operates a nationwide network of 65 branches and representative offices and 152 ATMs spread across Oman. OAB provides a complete range of financial products and services for personal banking, corporate banking and investment clients.