Hussain Ali: Visionary CEO Steering Sustainable Economic Growth and Financial Transformation in Oman

Introduction: A Strategic Leader in Oman’s Financial Sector

Hussain Ali is the Chief Executive Officer of the Development Bank in Oman, a role he has held since February 2024. With over 18 years of extensive experience across corporate banking, financial strategy, and project finance, he is recognized for driving transformative initiatives that significantly contribute to the diversification and sustainability of Oman’s economy. An alumnus of Harvard Business School and certified by ACCA, Hussain blends international business acumen with deep, locally grounded market insights, positioning the Development Bank as a catalyst for national progress.

Driving Economic Diversification and Large-Scale Development

Under Hussain’s visionary leadership, the Development Bank has expanded its mandate beyond supporting SMEs, actively financing large infrastructure projects including railways and airports. His tenure has seen a substantial increase in the bank’s capital, enabling it to back priority sectors aligned with Oman Vision 2040 and the 10th Five-Year Development Plan. By steering capital towards agriculture, fisheries, industry, and tourism, Hussain ensures the bank’s portfolio supports Oman’s broad economic goals.

Focus on Innovation, Entrepreneurship, and Job Creation

Hussain’s leadership approach is defined by innovation, operational excellence, and a strong commitment to empowering the SME ecosystem. He focuses on nurturing entrepreneurship within Oman to enable businesses to seize emerging opportunities, thereby creating jobs and fostering economic self-sufficiency. His strategic priorities align closely with national ambitions to enhance GDP growth and reduce import dependence.

Leadership in Governance and Strategic Development

In addition to his CEO responsibilities, Hussain serves as Chairman of the Board at Credit Oman and Vice Chairman of the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP). These roles underscore his influence in shaping policy and fostering collaboration across financial and development sectors regionally and internationally.

Recognized for Transformative Vision and Impact

Hussain Ali’s leadership stands out for driving impactful, sustainable financial solutions that support national and regional development. His unwavering focus on credit quality, sustainability, and multi-sector empowerment enhances stakeholder value and contributes to a resilient Omani economy.

Conclusion: A Catalyst for Oman’s Sustainable Economic Future

We proudly recognize Hussain Ali in the Global CEO Network for his exceptional leadership, visionary strategy, and significant role in advancing Oman’s sustainable economic development, fuelling the nation’s journey towards a prosperous and diversified future.