Honoring a visionary leader: Sohar International bids adieu to Chairman

Honoring a visionary leader: Sohar International bids adieu to Chairman

Muscat: Sohar International – the fastest growing bank within the Sultanate of Oman, has announced the departure of its esteemed Chairman of the Board of Directors, Mr. Mohamed Mahfoudh Al Ardhi. As per a disclosure on the Muscat Stock Exchange, Mr. Al Ardhi has tendered his resignation from the Board, effective from 1 January 2024, a decision accepted during the Board meeting held on 21 December 2023. The disclosure also announced the appointment of Mr. Said Mohamed Al-Aufi, the current Deputy Chairman, as the new Chairman of Sohar International, and Mr. Tareq Mohamed Al Mugheiry as the Deputy Chairman effective from 1 January 2024.

Mr. Mohamed Mahfoudh Al Ardhi has played an indelible role during his tenure as Chairman, orchestrating Sohar International’s ascent to new heights. His dedication, vision, and strategic leadership have been foundational in shaping the bank’s success, marking an era of significant growth and accomplishment.

Under Mr. Al Ardhi’s guidance, Sohar International achieved notable milestones aligned with a robust strategic framework. These milestones encompass the complete rejuvenation of the brand, substantial organic and inorganic growth propelling the bank to become the country’s fastest-growing and second-largest financial institution, and the extension of operations across borders amongst others. In recognition of