Oman- National Finance appoints Shahin al Balushi as new CEO
Date
3/20/2018 6:50:47 AM
(MENAFN- Muscat Daily) Muscat- National Finance Company on Monday announced that its chief executive officer Robert Pancras has resigned from the services of the company on Sunday.
In a filing to the Muscat Securities Market, National Finance said its board of directors met and approved the appointment of Shahin Mohammed al Balushi as the new CEO of the company, subject to regulatory approvals.
The company said that Pancras wishes to take up an opportunity with a large
investment company in Oman.
National Finance said that the merger by incorporation of Oman Orix Leasing Co into National Finance will be completed in the next few days. Upon completion of the transaction, Oman Orix will cease to exist and National Finance will remain as the combined entity. All staff of Oman Orix will be transferred into National Finance upon the completion of the merger, National Finance said.
The company said Balushi will join the company as the CEO upon completion of the merger and commence the process of taking over from Pancras.
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