Board of Directors2019-04-14T12:31:04+00:00

Board of Directors

Abdullah Humaid Al Mamary Chairman

Mr. Abdullah Humaid Said Al Mamary holds a Master’s Degree in Business Administration (MBA) from the University of Lincolnshire and Humberside, UK and a Bachelor’s Degree in Business Administration from the International University, London. Mr. Abdullah currently serves as Chairman of Muscat National Development and Investment Company SAG (ASAAS), Director of The Sultan’s Special Force Pension Fund (SSFPF) and Deputy Chairman of the Hotel Management Company International. He is a member of the Board of Directors of the Middle East College of Information Technology and holds the position of Chairman of the Credit Approval Committee. Additionally, he is also a member of the Board Executive Committee.

Sheikh Khaled Salem Al Sabah Deputy Chairman

Sheikh Khaled Salem Al Sabah, an investment professional is the Vice President of Gulf Investment Corporation (GIC), an investment company in Kuwait equally owned by the six GCC countries.Khaled has extensive experience in the field of investment, where he executed several transactions – private placement, M&A, divestment – in the GCC region in metals, petrochemicals and chemicals sectors. He represents GIC in some of its investee companies in steel sector; such as Foulath Holding Company, Bahrain Steel Company, United Steel Company (SULB) and United Stainless-Steel Company (USCO).Prior to joining GIC, Khaled had five years’ experience in the Council of Ministers – State of Kuwait. He was involved in evaluating the governmental entities in Kuwait in the way they provide services to the citizens. Khaled holds a bachelor degree of science in Banking & Finance from University of Bahrain.

Sulaiman Mohamed Bin Al Yahyai Director

Mr Sulaiman Bin Mohamed Bin Hamed Al Yahyai, Director in Moon Iron & Steel Company serves as the Deputy Chairman of the Board of Directors at Bank Muscat since June 2011. He has been on the Board of Bank Muscat since March 1996.Mr. Al Yahyai holds a certificate in Assets Management – Lausanne University Switzerland (2002), MBA- Institute of Financial Management – University of Wales UK (2000), and a certificate in Financial Crisis- Harvard University, USA (1999). He is an investment advisor at the Royal Court Affairs and Chairman of the Audit Committee of BMI Bank, Kingdom of Bahrain.

Tareq Al Mugheiry Director

Tareq Al Mugheiry holds a Bachelor of Law (LLB) and Bachelor of Commerce (B. Com) from the University of Western Australia. Currently, he is the Chief Investment officer of Oman Investment Corporation SAOC (OIC). Prior to joining OIC, Tareq worked with a number of international companies including: Philips Electronics in corporate strategy and mergers & acquisitions; J.P. Morgan in investment banking covering the European technology sector; and Oman LNG’s project finance team.

Hilal Ahmed Al Hasani Director

Hilal Hamed Al-Hasani is the Chief Executive Officer of the Public Establishment for Industrial Estates (PEIE), a government organization established through a Royal Decree in 1993, which is responsible for developing and managing industrial estates across the Sultanate of Oman. Knowledge Oasis Muscat, the first Technology Park in the country, Al-Mazyuna Free Zone, the Industrial Innovation Centre and the National Business Centre are also under PEIE. Prior to this position, he functioned as the Director General of Industry at the Ministry of Commerce and Industry. Hilal holds a Bachelor of Science in Business Administration and Marketing from Fontbonne University, Missouri, United States and a Master’s in Economics from (University of Illinois at Springfield). He has had Management Training at Harvard and the London Business School.

Hargurmit Singh Director

After his graduation with a degree in Bachelor of Commerce (Honors) from Delhi University in 1980, Hargurmit Singh received his professional accreditation as a Chartered Accountant, Chartered Management Accountant and Chartered Financial Analyst. Mr Singh’s career in audit, consultancy, credit risk and proprietary investments has developed with his work at Deloitte, Ernst & Young, KTCIC and the Gulf Investment Corporation where he currently works as a Director in the Manufacturing Projects Division. Mr. Singh has a wealth of investment expertise in the Gulf having worked in the region for over 30 years. His Board memberships include Foulath Holding B.S.C., Bahrain Steel Company BSCC EC and Gulf Jyoti International LLC.

Michael Hansen Director

After his graduation in Management Science at England’s Aston University Business School, Birmingham in 1981, Michael Hansen obtained his professional business qualifications as a Chartered Management Accountant and a Chartered Marketer.After practicing accountancy for several years in the UK, he commenced his international career with Inchcape PLC, UK, when he joined its international finance team and was posted to Muscat-Oman as a Financial Controllerin 1991. During his tenure, he worked across the GCC supporting the Group’s regional ambitions and was appointed the Inchcape Group’s In Country Coordinator for Oman covering multiple businesses. In 2002, Mr Hansen joined the AL Futtaim Group as the Managing Director for their leading Automotive and Electronics business in Oman, and in 2012 was appointed the Group’s Country Head in Oman and for a period included Qatar to manage investor relations, provide governance, ensure compliance with the Oman / Qatari regulatory frameworks, facilitate business growth and Omanisation across multiple sectors embracing automotive, retail, real estate, insurance and to assist in the development of large scale retail project developments. His current assignments include governance and advisory positions for manufacturing, trading and distribution businesses.

Sasikumar Moorkanat Managing Director & CEO

Mr. Sasikumar Moorkanat is a Post Graduate in Management from Jamnalal Bajaj Institute of Management Studies after graduating in Production-cum-Plant Engineering from Government Engineering College Thrissur. He has 30 years of professional/entrepreneurial experience, most of it in the steel industry. He started his career with Masoneilan India Limited and later moved to Dresser Valves Limited. In 1997, Mr. Moorkanat ventured out into steel castings manufacturing by taking up the responsibility of Managing Director of Saxon Castings Private Limited, a medium scale steel foundry catering to the valves & pumps industries. Saxon was catering to the Valves industries of India and Europe.In 2004, Mr. Moorkanat joined hands with Abdulla Bin Turkia Group Dubai to co-promote International Quality Steel LLC (IQSC), a stainless-steel billets manufacturing facility with 120,000 tons annual capacity in Dubai Investment Park, UAE. Mr. Sasikumar Moorkanat, as the Chief Executive Officerof IQSC, was responsible for setting up the manufacturing facility from design to commissioning of the plant, installing quality system and entering into off-take agreement with Salzgitter Mannesmann for the first seven years of operations.