MUSCAT, 13 April 2012 – In recognition of outstanding contributions to the banking sector in Oman and the Arab region, Dr. AbdulRazak Ali Issa, Chief Executive of BankMuscat, has been named the Arab Banking Personality of the Year 2012 by the Arab Banking Union. The announcement was made at the Arab Banking Conference 2012 organised by the Union of Arab Banks in Abu Dhabi. Every year, the Arab Banking Union honors one distinguished personality in recognition of his leading role and contribution to the Arab banking industry.
Adnan Ahmad Yousif, Chairman, Union of Arab Banks, President and Chief Executive Officer of Albaraka Banking Group (ABG), said: “My hearty congratulations to AbdulRazak on winning this prestigious award. AbdulRazak has made significant contributions to the banking sector in Oman and the Arab region, securing major economic gains in the region. AbdulRazak's insight will further enhance co-operation and business relations among members of the banking community in the region."
AbdulRazak, who has over 35 years of experience in the banking sector, assumed the role of Chief Executive of BankMuscat in 1994. A highly respected figure in the financial sector, AbdulRazak continues to lead BankMuscat from strength to strength as the flagship financial institution in the Sultanate.
Adnan Haider Darwish, General Manager of Oman Housing Bank, said: “On behalf of the banking community in Oman, we congratulate AbdulRazak for this unique achievement. Under the leadership of AbdulRazak, the finest of global banking practices and products have been introduced in Oman through BankMuscat, thereby raising its stature as the premier financial institution in the Sultanate."
AbdulRazak said: “I owe this achievement to the valuable opportunities made available to Omanis by His Majesty Sultan Qaboos. BankMuscat is a Renaissance achievement of the Sultanate under the leadership of His Majesty Sultan Qaboos and I am proud to have been associated with the Bank in its quest to emerge as the leading financial services provider in the Sultanate. I thank the Arab Banking Union and the entire banking fraternity in the region for this recognition and goodwill. I also owe this achievement to the support from the 3000 plus colleagues at BankMuscat."
AbdulRazak was voted as the 'Banking and Finance Personality of the Year' at the 3rd Middle East CEO Awards 2006 and the Best CEO for 2002 by Business Today magazine. AbdulRazak was also ranked among the 500 most influential Arabs in “Power 500 - the World's most influential Arabs" listing by Arabian Business Magazine.