Visionary Leadership in Oman’s Banking Sector: What It Means for Investors and Business Growth
MUSCAT, JANUARY 4 – AlSalt al Kharusi, Country Head of Mashreq Oman, is pioneering a transformative approach in the Sultanate’s corporate banking sector by combining international expertise, local knowledge, and a people-centric leadership style.
In an exclusive interview with Oman Observer, Al Kharusi detailed how his leadership is not only shaping Mashreq Oman but also influencing the broader banking industry in Oman.
With over 20 years of experience in corporate and institutional banking, including senior roles at Oman Arab Bank and HSBC Bank Oman, Al Kharusi is driven by the goal of making a meaningful impact. “What has always inspired me is the opportunity to support business growth, help clients achieve their ambitions, and contribute to the national economic agenda,” he stated.
Leading Mashreq Oman gives him the unique chance to integrate global banking standards with a future-focused, client-oriented culture. Al Kharusi has been instrumental in establishing the bank from the ground up, setting strategic directions, and introducing customized corporate banking solutions. He emphasized that leadership transcends operational success: “These milestones are about building lasting partnerships, supporting Oman Vision 2040’s economic diversification, and enabling sustainable growth for businesses, communities, and the nation.”
For Al Kharusi, leadership is deeply intertwined with organizational culture. He regards people as “our greatest asset” and prioritizes cultivating trust, collaboration, and professionalism to achieve long-term success. His transparent leadership style empowers teams, acknowledges their achievements, and fosters an environment where employees feel valued and motivated. “Aligning individual growth with the bank’s mission boosts motivation, pride, and performance,” he explained.
Navigating challenges such as market volatility, regulatory changes, and shifting client expectations was critical during the bank’s early stages. “Launching Mashreq Oman required building a strong team, designing compliant and efficient processes, and delivering excellence from day one. Through collaboration, empowerment, and disciplined execution, we overcame these obstacles,” Al Kharusi said.
His leadership philosophy extends beyond conventional management, focusing on nurturing talent and prioritizing sustainable, long-term value over short-term gains. “True leadership demands perseverance, trust-building, and a long-term perspective,” he noted. This approach not only strengthens his organization but also sets a precedent in Oman’s corporate banking sector for driving innovation, client focus, and sustainable growth.
Looking forward, Al Kharusi identifies significant opportunities in sectors such as manufacturing, infrastructure, trade, logistics, technology, and renewable energy. “Banking is evolving towards sustainability, digital transformation, and bespoke corporate solutions. Leaders must embrace these trends while maintaining responsible finance and enduring partnerships,” he stressed.
For aspiring leaders, he advises continuous learning, integrity, and adaptability. “Ambition must be balanced with pragmatic execution and a client-first attitude. Digital readiness and agility are essential in today’s world,” he said. His leadership underscores how strong, people-focused management can transform both organizations and their sectors.
Balancing his demanding role with personal growth, Al Kharusi emphasizes disciplined time management, wellbeing, and staying connected with family and community. By delegating authority and empowering emerging leaders, he ensures organizational resilience and prevents burnout. “Ongoing education, networking, mentorship, and reflection foster personal growth and enhance leadership capacity, benefiting both individuals and the organization,” he observed.
Through his visionary and people-centred approach, AlSalt al Kharusi is shaping the future of corporate banking in Oman, making the sector more resilient, innovative, and aligned with the nation’s long-term economic priorities.
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AlSalt al Kharusi’s leadership at Mashreq Oman signals a strategic shift towards sustainable, client-centric corporate banking that aligns with Oman Vision 2040, opening opportunities for businesses in manufacturing, infrastructure, and renewable energy sectors. For investors and entrepreneurs, embracing digital transformation and long-term partnerships with forward-looking banks will be key to navigating evolving market demands and regulatory landscapes. His approach underscores the importance of people-focused leadership and innovation as drivers of resilience and growth in Oman’s financial sector.
