Latest news with #Murshidi
Muscat Daily
26-02-2025
- Business
- Muscat Daily
Sohar International appoints Murshidi as new CEO
Muscat – The Board of Directors of Sohar International Bank on Wednesday announced the appointment of Abdul Wahid Mohamed al Murshidi as new Chief Executive Officer, effective immediately. Murshidi has been serving as Acting Chief Executive Officer of Sohar International since January 1, 2025, during which he has demonstrated exceptional leadership and strategic vision, the bank said in a press release. Said Mohamed al Aufi, Chairman of Sohar International, said, 'Today marks an important milestone for Sohar International. Abdul Wahid's proven track record, exceptional expertise, and unwavering dedication make him the ideal leader to steer our bank into its next chapter. We are confident that under his guidance, Sohar International will continue to thrive and reinforce its position as a leading financial institution in the region.' In his new role, Murshidi will spearhead the bank's initiatives aimed at achieving exponential and sustainable growth. 'We are pleased to have a leader of Abdul Wahid's caliber to guide the management team toward further success and excellence. With his diverse experience in the banking industry, we believe he will build on the bank's achievements and strengthen its capabilities as a market leader,' Aufi added. Murshidi brings over 18 years of extensive experience in various banking functions, including audit, finance, investment, and Islamic banking. He joined Sohar International in July 2019 and previously served as Deputy General Manager at a prominent local Islamic bank.
Muscat Daily
28-01-2025
- Business
- Muscat Daily
New batch graduates from Rising Omani Startup Programme
Muscat – The Rising Omani Startup Programme marked the graduation of a batch from an accelerator initiative on Tuesday. The accelerator is a collaboration with Authority for Small and Medium Enterprises Development (ASMED) and Industrial Innovation Academy of Public Establishment for Industrial Estates (Madayn). Speaking at the ceremony, Abdulsalam al Murshidi, President of Oman Investment Authority, highlighted the progress achieved by the participating startups. 'These youth-driven products and innovations have developed to the extent of being ready for export from Oman,' he said. Murshidi also emphasised the potential of the digital economy as a critical sector for youth and its contribution to other industries offering products or services. He underlined the importance of these startup projects in boosting Oman's GDP and creating job opportunities. Halima bint Rashid al Zaria, Chairperson of ASMED, stated that the latest batch included 26 emerging companies and reaffirmed the authority's commitment to supporting Omani startups. 'For the next batch, we plan to expand to multiple governorates and include specialised accelerators within the Industrial Innovation Academy.' The accelerator saw 46 startups and innovative ideas participate in its idea and pre-seed categories. These startups represented diverse sectors, including tourism, real estate, health and food security. Over four months, participants received 290 hours of training in areas such as entrepreneurship fundamentals, marketing, brand building, investment readiness, product development and market validation. The programme led to tangible results, with eight products developed in the idea category and 13 in the pre-seed category. Additionally, seven products in the idea category and 11 in the pre-seed category achieved market readiness. The Rising Omani Startup Programme continues to provide opportunities for young entrepreneurs, aiming to foster innovation and create a competitive edge for Omani businesses on the global stage.
