Oman: Council of Ministers Endorses Formation of Royal Academy of Management’s Board of Trustees

Muscat: The Council of Ministers has approved the formation of the Board of Trustees of the Royal Academy of Management, which comes under the honorary patronage of His Majesty Sultan Haitham bin Tarik.

The decision comes as per article six of the Royal Decree No. 2/2022 on establishing the Royal Academy of Management, defining its prerogatives, and approving its organizational structure.

Article six stipulates that the Academy shall have a board of trustees under the chairmanship of the Minister of the Diwan of Royal Court. The Council of Ministers shall issue a decision appointing member of board of trustees and determining the duration of their membership.

Members of the Board of Trustees have been appointed for the next three years under the chair of Sayyid Khalid Hilal Al Busaidi, Minister of the Diwan of Royal Court. The members are Dr. Said Mohammed Al Saqri, Minister of Economy as Vice Chairman, supported by the membership of Dr. Mahad Said Ba’owain, Minister of Labour, Sheikh Waleed Khamis Al Hashar, CEO of Bank Muscat, Khawla Hamoud Al Harthy, CEO of Injaz Oman and Dr. Hatem Bakhit Al Shanfari, faculty member at the College of Economics and Political Science, Sultan Qaboos University.

Sayyid Khalid Hilal Al Busaidi, Minister of the Diwan of Royal Court, Chairman of the Board of Trustees affirmed that the vision of the Academy is inspired by the Royal approach of His Majesty Sultan Haitham bin Tarik. He said the Academy’s plans and programmes are dedicated to implementing His Majesty’s directives in investing in Omani human capital and equipping them with knowledge and the latest practices to overcome future challenges.

His also stressed that the Academy would effectively contribute to the formulation of many future visions and insights with the aim of further developing the government system and public-private partnerships, seizing economic opportunities, and developing local management systems.

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