Hussain Ali

Hussain Ali is a prominent figure in the banking and finance sector in Oman, currently serving as the Chief Executive Officer of Development Bank. He brings over 18 years of experience in the industry, with expertise in planning, innovation, growth, and strategic partnerships. Prior to his current role, Ali held senior management positions at Bank Dhofar, serving as Deputy General Manager and Chief Corporate Banking Officer, where he managed substantial assets and fostered strong relationships with partners and customers. Ali's appointment as CEO of Development Bank is seen as a significant step forward for the bank, given his extensive experience in project finance, asset management, and corporate transition
The Board of Directors has expressed confidence in his ability to lead the bank during a period of significant change and growth in finance, management, and operations. In his new role, Ali has emphasized the importance of increasing lending activity and diversifying financial services in alignment with the objectives defined in Royal Decree No. 84/2023
He has also highlighted the bank's commitment to sustainable economic growth and prosperity across Oman, building on its 47-year track record of success and leveraging the considerable experience and expertise of its staff. Ali's leadership style is characterized by his ability to execute strategic initiatives, motivate teams, and drive profitability. He is a strong advocate for sustainability and has established Oman's first sustainability-linked financing, becoming the market leader in ESG advisory and ESG finance
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