Bank Muscat
Abdul Razzaq Ali Issa Al Sabbagh Chief Executive Officer www.bankmuscat.com aissa@bankmuscat.com |
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Company Profile
With assets worth over USD 18 billion, bank muscat is the leading financial services provider in Oman with a strong presence in Corporate Banking, Retail Banking, Investment Banking, Treasury, Private Banking and Asset Management. The Bank has the largest network of 137 branches, 415 ATMs, 141 CDMs and 4500 PoS terminals.
The international operations consist of a branch each in Riyadh (Kingdom of Saudi Arabia), Kuwait and a Representative Office each in Dubai (UAE) and Singapore. BankMuscat currently owns 49% of BMI Bank B.S.C ©, an independent bank in Bahrain. The Bank also has a 43% stake in the Mangal Keshav Group, one of the oldest and most respected securities houses in the fast-growing Indian equities market, 97% stake in Muscat Capital LLC, a brokerage and investment banking entity in Saudi Arabia, besides a stake in Silkbank Ltd. in Pakistan..
Delegate Profile
AbdulRazzaq Ali Issa is a leading Arab banker with more than four decades of banking experience and the Chief Executive of Bank Muscat, the largest commercial bank in Oman, for the last 20 years. He has a successful track record of organisation-building and delivering sustained growth and profitability, organically as well as through mergers & acquisitions.
Joining Grindlays Bank in Oman as a Management Trainee in 1969, he worked in operations and credit functions of the bank and subsequently managed key branches of the bank at Muttrah, Muscat and Salalah. He then joined the newly formed Oman Overseas Trust Bank SAOG (later renamed Bank Muscat) in December 1981 as Assistant General Manager – Operations and rose to the position of Chief Executive in 1994. He led the transformation of the bank from being 1 amongst 25 banks in Oman in 1981 with a single branch, 30 employees and USD 5 million in assets to its current position as the largest bank in Oman with a market share of nearly 40%, over 135 branches in Oman, 3000+ employees and assets over USD 18 billion. He also guided the expansion of the bank into regional markets including Saudi Arabia, Kuwait, Bahrain, UAE, India and Singapore.
During his tenure, Bank Muscat has won various domestic and regional awards including, the best bank in Oman, best place to work, best in corporate governance. Recently the bank was also awarded the Sultan Qaboos Excellence Award for Excellence in e-Government. For his contributions, he has also been personally recognized including Best CEO for 2002 by Business Today, Banking and Finance Personality of the Year in 2006 at the Middle East CEO Awards, Ranked 111th in the Power 500 – The world’s most influential Arabs by Arabian Business.
He has played a leading role in shaping the industry and its interaction with government and other stakeholders. He is the Chairman of the Oman Bankers Association (under formation), a member of the Banking Committee of the Oman Chamber of Commerce and a member of the Advisory Council of the World Union of Arab Banks. He is also a member of the Board of Directors of the Capital Market Authority of Oman.
He has a strong commitment to community work, having guided and participated in various industry-leading corporate social responsibility programs of Bank Muscat. Besides, he personally mentors 7 Entrepreneurs/ SME Owners under a program of the Ministry of Commerce and Industry.
He has a Doctor of Letters (Honorary) from Hindustan University, Chennai, India and a Masters of Business Administration (MBA) from University of Wales, UK. He has also attended the Management Development Programme conducted by Harvard University.
With assets worth over USD 18 billion, bank muscat is the leading financial services provider in Oman with a strong presence in Corporate Banking, Retail Banking, Investment Banking, Treasury, Private Banking and Asset Management. The Bank has the largest network of 137 branches, 415 ATMs, 141 CDMs and 4500 PoS terminals.
The international operations consist of a branch each in Riyadh (Kingdom of Saudi Arabia), Kuwait and a Representative Office each in Dubai (UAE) and Singapore. BankMuscat currently owns 49% of BMI Bank B.S.C ©, an independent bank in Bahrain. The Bank also has a 43% stake in the Mangal Keshav Group, one of the oldest and most respected securities houses in the fast-growing Indian equities market, 97% stake in Muscat Capital LLC, a brokerage and investment banking entity in Saudi Arabia, besides a stake in Silkbank Ltd. in Pakistan..
Delegate Profile
AbdulRazzaq Ali Issa is a leading Arab banker with more than four decades of banking experience and the Chief Executive of Bank Muscat, the largest commercial bank in Oman, for the last 20 years. He has a successful track record of organisation-building and delivering sustained growth and profitability, organically as well as through mergers & acquisitions.
Joining Grindlays Bank in Oman as a Management Trainee in 1969, he worked in operations and credit functions of the bank and subsequently managed key branches of the bank at Muttrah, Muscat and Salalah. He then joined the newly formed Oman Overseas Trust Bank SAOG (later renamed Bank Muscat) in December 1981 as Assistant General Manager – Operations and rose to the position of Chief Executive in 1994. He led the transformation of the bank from being 1 amongst 25 banks in Oman in 1981 with a single branch, 30 employees and USD 5 million in assets to its current position as the largest bank in Oman with a market share of nearly 40%, over 135 branches in Oman, 3000+ employees and assets over USD 18 billion. He also guided the expansion of the bank into regional markets including Saudi Arabia, Kuwait, Bahrain, UAE, India and Singapore.
During his tenure, Bank Muscat has won various domestic and regional awards including, the best bank in Oman, best place to work, best in corporate governance. Recently the bank was also awarded the Sultan Qaboos Excellence Award for Excellence in e-Government. For his contributions, he has also been personally recognized including Best CEO for 2002 by Business Today, Banking and Finance Personality of the Year in 2006 at the Middle East CEO Awards, Ranked 111th in the Power 500 – The world’s most influential Arabs by Arabian Business.
He has played a leading role in shaping the industry and its interaction with government and other stakeholders. He is the Chairman of the Oman Bankers Association (under formation), a member of the Banking Committee of the Oman Chamber of Commerce and a member of the Advisory Council of the World Union of Arab Banks. He is also a member of the Board of Directors of the Capital Market Authority of Oman.
He has a strong commitment to community work, having guided and participated in various industry-leading corporate social responsibility programs of Bank Muscat. Besides, he personally mentors 7 Entrepreneurs/ SME Owners under a program of the Ministry of Commerce and Industry.
He has a Doctor of Letters (Honorary) from Hindustan University, Chennai, India and a Masters of Business Administration (MBA) from University of Wales, UK. He has also attended the Management Development Programme conducted by Harvard University.
