MUSCAT – Sohar International announced the departure of its esteemed Chairman of the Board of Directors, Mohamed Mahfoudh Al Ardhi. As per a disclosure on the Muscat Stock Exchange, Al Ardhi has tendered his resignation from the Board, effective from January 1, 2024, a decision accepted during the Board meeting held on December 21, 2023. The disclosure also announced the appointment of 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 January 1, 2024.
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 Al Ardhi’s guidance, Sohar International achieved notable milestones aligned with a robust strategic framework.
Acknowledging his departure, he expressed, “It has been an honour to lead Sohar International through an extraordinary period of growth and success. I am immensely proud of what we have achieved together, and I am confident that the bank will continue to thrive under its capable leadership. I take this opportunity to thank Sohar International, its people, and the people of Oman for making this stint a monumental one.”
Honouring the outgoing Chairman’s legacy, Al Musalmi, stated, “We extend our heartfelt gratitude to Al Ardhi for his invaluable leadership that has left an indelible mark on Sohar International, serving as the guiding force behind our journey towards remarkable achievements. His unwavering commitment, visionary guidance, and strategic foresight have been the cornerstone of our success. His acumen has not only shaped the bank’s growth but has also inspired all those associated with Sohar International.”
Announcing the appointment of Sohar International’s new Chairman, Al Musalmi further stated, “As we warmly welcome Said Al Aufi as the new Chairman, his exceptional track record and forward-thinking vision fortify our commitment to excellence and innovation to our stakeholders. I am confident that under Al Aufi’s guidance, Sohar International will continue to thrive, staying true to its mission and pursuing its strategic objectives with unwavering dedication.”