Sharakah appoints its new Chief Executive Officer

‘Sharakah,’Fund for Development of Youth Projects, SAOC, has announced the appointment ofMr. Ali Ahmed Muqaibal as the Chief Executive Officer of Sharakah. Mr. Ali took charge of the office in October 2022.

Ali Muqaibal, holds a bachelor’s degree from Arizona State University and MBA from INSEAD. He is an executive business leaderwho brings with him more than 20 years of vast experience across different disciplines, like, corporate and investment strategy formulation and execution,portfolio management, digital transformation, and transforming businesses in the Consumer and Enterprise segments. Ali has exceptional international business experience, growing Omani enterprises in several countries, besides sitting on the Boards of different international organizations. His plethora ofexperienceranges across major organizations such as Shell Oman Marketing Company SAOG, Occidental Oman, Oman Oil Company, and Oman Oil Marketing Company, and Oxy.

In his role as Sharakah’s CEO, Ali is responsible for steering and executing the company’s vision, and strategy in alignment with Oman’s Vision 2040. He will be leading the organization with an emphasison increasing the impact of localSMEs and entrepreneurs in the national economy.

“We welcome Ali Muqaibal as the CEO of Sharakah. We believe that Ali has the capability, passion, creativity, and skills required to inspire and lead Sharakah in its mission to succeed and making a difference in the SME arena” said Hani Al Zubair, Chairman of Sharakah’s Board.

Mr. Ali conveyed his gratitude and said, “I am honoredto be part of a prestigious organization like Sharakah and thankful to the Board of Directors of Sharakah for posing trust and confidence in me”!He further added, “Playing a strategic role in the SMEs ecosystem in the sultanate and making a positive impact is our vision, and going forward our strategies will evolve around these paramount objectives benefitting the Omani SME sector.”


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