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Oman Appoints Ahmed Al Musalmi as New Central Bank Governor

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(Bloomberg) -- Oman named Ahmed Al Musalmi as its new central bank governor, replacing Tahir Al Amri, who had headed the regulatory authority since 2017.

Sultan Haitham bin Tariq announced the appointment through a decree published on the state-run Oman News Agency. 

A Harvard Business School graduate, Al Musalmi is the chief executive officer of Sohar International Bank and the deputy chairman of Asyad Group, a logistics provider. He was the CEO of National Bank of Oman before joining Sohar, according to the bank’s website.

Al Amri told colleagues in an internal memo seen by Bloomberg News yesterday that he intended to step down from the role. Prior to heading the central bank, he served in senior roles with companies in Oman’s oil, shipping and finance industries. 

While at the central bank, he played a key role in Muscat’s engagement with Western officials, including delegates from the Paris-based Financial Action Task Force. In a mutual evaluation report on Oman released last month, the group said that the country had “significantly improved its legal, operational and supervisory framework” for anti-money laundering and countering terrorist financing. 

--With assistance from Zainab Fattah.

(Updates with appointment of new central bank governor)

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