Development Bank appoints Hussein al Lawati as new CEO

Development Bank appoints Hussein al Lawati as new CEO

Muscat – Development Bank, a leading financial institution supporting economic growth and progress in Oman, has announced the appointment of Hussein al Lawati as its new Chief Executive Officer, effective today. With a career spanning over 18 years in the banking and finance sector, Lawati’s extensive background in strategic planning, innovation, growth, acquisition, and strategic […]Muscat – Development Bank, a leading financial institution supporting economic growth and progress in Oman, has announced the appointment of Hussein al Lawati as its new Chief Executive Officer, effective today.

With a career spanning over 18 years in the banking and finance sector, Lawati’s extensive background in strategic planning, innovation, growth, acquisition, and strategic partnerships ideally positions him to lead Development Bank’s mission forward, the bank said in a press statement.

His leadership at Muscat Finance Company as CEO showcased his ability to drive business growth, manage large teams, and execute significant digital transformations. Prior to his tenure at Muscat Finance, Lawati held senior management roles at Bank Dhofar, including DGM and Chief Corporate Banking Officer, and AGM and Chief Retail Banking Officer, where he managed substantial assets and introduced key regulatory compliant solutions and CRM systems.

“I am excited to be asked to lead Development Bank