It coincides with the activation of the National Ambulance services in Dubai
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Al Shaksy will replace Murray Sims, whose contract expired, at the helm of NBO, the bank said in statement.
No replacement for Al Shaksy at Dubai Bank has been announced. Dubai Bank was not available to comment. “I’m basically going home ... NBO was very persistent and they made me a convincing offer,” Al Shaksy told Reuters in a phone interview.
“NBO used to be the number one bank in the country, maybe this is the chance to reclaim the past glory,” he said.
Omani banks in recent years have grown rapidly on the back of a regional oil-driven boom, but growth slowed as a result of the global credit crunch.
NBO has branches in Egypt and the United Arab Emirates. Around 35 per cent of the bank is owned by Commercial Bank of Qatar.
“We are going to go in and see what the opportunities are and where we can capitalise,” Al Shaksy said.
“NBO is a solid franchise, a solid brand, it has branches in Egypt and the UAE, it is well positioned to grow, the issue is to find what it takes to build on that,” he said.
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