Rashad Al Shaikh Appointed as Head of Retail Banking Division at OAB

  • Spearheading the Bank’s strategy on digitalising retail banking services

Muscat, May 23, 2021: Oman Arab Bank announced the appointment of Rashad Al Shaikh as Head of Retail Banking Division at OAB, after being the Acting Head of the Division, as of last year. The management’s decision stems from the various successes achieved by Rashad in the last period, especially concerning the acceleration of the digital retail banking strategy.

Commenting on the appointment decision, Rashad Al Musafir, CEO of OAB said, “Rashad Al Shaikh has extensive experience in retail banking. He also has a future vision for the mechanism of developing these services in line with the Bank’s strategy to enhance innovation in new solutions that we offer to the market. During the last few months, Rashad led the Division’s efforts, while he was Acting Head, and proved his presence in the development of digital solutions, which were launched by OAB for the first time in the local market. He played a significant role in the steady increase of the number of digital banking users and ensuring their level of satisfaction, which is a key objective for the Bank. I am confident that the Retail Banking Division will achieve remarkable performance under the leadership of Rashad Al Shaikh during the coming period.”

“The decision of Rashad’s appointment in his new role is in line with the Bank’s strategy aimed at enhancing the presence of national competencies in the executive management. This is part of the Bank’s career succession and talent management plan. On behalf of the management, I would like to wish Rashad Al Shaikh immense success in his new position as the Head of the Retail Banking Division,” he added.

Commenting on his appointment, Rashad Al Shaikh said, “Iam grateful for the trust placed in me by the Bank’s management, especially Rashad Al Musafir, to lead the Retail Banking Division to further success. I expect that there will be fundamental changes in the ways our banking services and products are offered to individuals, in light of the rapid changes brought on by the current circumstances. On behalf of the Retail Banking team at OAB, I assure our valued customers that they will have a transformed and comprehensive banking experience, aligned with international standards and will not only live up to their aspirations but also exceed expectations.”

Rashad Al Shaikh has a vast banking experience of over 21 years in various fields including corporate banking, project financing, investment banking services and retail banking services. Rashad holds a Bachelor of Arts in Business Administration from the University of Central Florida in Orlando, United States of America. `

Oman Arab Bank 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 54 branches and representative offices with 160 ATMs spread across Oman. OAB provides a complete range of financial products and services through its OAB Online App. Customers can now digitally open an account and benefit from several other services, directly from the convenience of their mobile phones.