The Distinguished Person-of-the Year Awardee for 2007 is H. E Yahya Bin Said Al-Jabri, Chairman of the Oman Development Bank. The award is given to a person who has, in his or her chosen career, excelled and made a mark in the country or internationally for his or her outstanding accomplishment(s) in the field of development, in general, and in the development banking profession, in particular.
H.E Yahya Al Jabri was cited for his achievements at the helm of Oman Development Bank (ODB) and as Executive President of the Capital Market Authority (CMA) of the Sultanate of Oman. He is known as a person of vision, leadership and integrity that have been time and again tested and proven by many exceptional achievements over the past three decades or more in the field of economic development through effective financial management and performance.
As a senior Government official of the country, he is a well known and respected professional among the public as well as media in the Sultanate of Oman. Highly-educated and experienced, he is often invited to many international conferences related to financial services in Oman and other countries.
H.E. Yahya Al Jabri is Chairman of the Board of Directors of Oman Development Bank (ODB) and concurrently holds the position of Executive President of the Capital Market Authority (CMA), an appointment made by His Majesty Sultan Qaboos Bin Said, the ruler of Oman, through a Royal Decree in 1999. He is acknowledged as the architect and founding President of the Muscat Stock Exchange that is well known for its transparency and efficiency.
H.E. Yahya Al Jabri’s appointment at CMA was done at a crucial time when there was a crisis in stock market operations. Under his leadership at CMA, a number of reforms were successfully undertaken and the organization has benefited up until now. As such, he was given the status of His Excellency, an honor given to Advisors and Undersecretaries in Oman.
With his remarkable achievement at the CMA, H.E. Yahya Al Jabri was again called upon in 2004 and tasked with the restructuring of the Oman Development Bank, the pioneer development finance institution (DFI) of Oman, which despite its early successes in 1979, had its share of difficulties in subsequent years, including a very high non-performing loan portfolio.
Since taking over at ODB in 2004, the performance of the Bank over the past three years has improved significantly. The multi-fold growth in the business of the Bank, in terms of sanction and disbursement has increased the lending volume of the Bank by 380% over 2004, and about 274% in 2005.
H.E. Yahya Al Jabri has formulated an institutional vision for the Bank based on the evolving economic environment of the country by giving more emphasis to developing a non-oil related economy and an efficient national human resource force.