National Bank of Oman has appointed Ahmed Al Musalmi as its new chief executive.

Al Musalmi, who has served the bank as deputy chief executive since 2011, succeeds Salaam Al Shaksy who is leaving the bank, the bank said yesterday.

The bank's first-quarter net profit grew by 20 per cent to 10.2 million rials ($26.75 million), slightly above analysts' expectations.-Reuters