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Bank Muscat SAOG announced on 7th May 2026 that Mr. Sanjay Kawatra resigned from its Board of Directors, with his resignation accepted effective 6th May 2026. The Board subsequently resolved to appoint Mr. Badar bin Awadh Al Shanfari to fill the vacant Board seat until the next Annual Ordinary General Meeting, subject to regulatory approval.
| Date | 7 May 2026 |
| Time | 12:28:51 |
| Category | Miscellaneous |
| ID | 4645D |
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Date: 7th May 2026
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Subject: Resignation and Appointment of a Director for the vacant seat |
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Bank Muscat SAOG would like to disclose that Mr. Sanjay Kawatra, has resigned from his position as a member of the Board of Directors, due to personal reasons. The Board of Directors has accepted his resignation effective from 6th May 2026.
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The Board has resolved to appoint Mr. Badar bin Awadh Al Shanfari to fill the vacant Board seat until the next Annual Ordinary General Meeting, subject to the approval of the regulators.
Mr. Badar Al Shanfari has over 20 years of experience in the field of Investments and Financial Services. Mr. Badar is the Chief Operating Officer of Ominvest. Throughout his career he has held various leadership positions and has been in Boards of various companies, in different sectors and geographies. Mr. Badar holds an MBA from Strathclyde University and a Bachelor of Business Administration from Duquesne University. He is a Certified Public Accountant (CPA) from the state of Delaware. |
Waleed K. Al Hashar
Chief Executive Officer