Abdulaziz Al Balushi Bio

AbdulAziz Mohammed Al Balushi serves as the Group CEO of Oman International Development and Investment Company SAOG (Ominvest). With over 39 years of professional experience in financial services sector, he possesses a profound understanding of global market dynamics. Since joining Ominvest in 2014, AbdulAziz and his management team have successfully implemented a transformative vision articulated by the Board of Directors, reshaping the company’s culture, structure and policies. Under his leadership, the team executed the merger between Ominvest and ONIC Holding, establishing Oman’s largest publicly listed investment company. His tenure also saw several significant initiatives, including the IPO of its flagship insurance company National Life, the development of the Ominvest Business Centre, and the merger of National Finance and Orix Leasing Company. Furthermore, he spearheaded capital-raising efforts, including a perpetual bond issuance, and played a vital role in the merger of Oman Arab Bank with Alizz Islamic Bank, which facilitated Oman Arab Bank’s listing on the Muscat Stock Exchange as an SAOG. AbdulAziz also led NLGIC’s acquisition of RSA Middle East, positioning NLGIC among the top ten insurance companies in the region. Before his role at Ominvest, AbdulAziz served as CEO of Ahli Bank SAOG from 2007 to 2014 where he was instrumental in transforming a single-product mortgage bank into a comprehensive commercial bank, achieving over US$ 3 billion assets and more than US$ 450 million in equity. In recognition of his achievements, he was named “Second Best CEO in the Arab Banking World” by Forbes Middle East in November 2012 and received the “CEO of the Year” Award at the Oman Banking & Finance Awards in April 2019. AbdulAziz holds a Master of Science in Finance from the University of Strathclyde (UK) and is a Fellow of Chartered Institute of Bankers (UK). He has also served on various boards in the Sultanate and was an Advisory Board Member in the college of Agriculture and Marine Services at Sultan Qaboos University and a board member at Capital Market Authority (CMA). Currently, he holds the position of Chairman of Ubhar Capital, Chairman of Oman Real Estate investment and services LLC, Deputy Chairman of Jabreen International Investment Company SAOC. Additionally, he is a board member of Oman Arab Bank SAOG, National Finance Company SAOG, and LIVA SAOG Bahrain, as well as Injaz Oman.