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Oman Arab Bank names deputy CEO

has hired afellow Omani lender's former acting CEO to serve as deputy CEO, according to apress release carried by Thomson Reuters' Zawya on July 11.

Rashad binAli Al-Musafir will join Oman Arab Bank as of Aug. 14. He as acting CEO at from 2014 untiltendering his resignationin June 2016. He also served there as CFO and acting head of compliance.

Oman ArabBank is majority-owned by OmanInternational Development & Investment Co. SAOG, with a 49%stake held by Jordan's Arab BankPlc. Bank Sohar is in the process of with .