25. Bank Muscat

Country: Oman
CEO: Waleed Khamis Al Hashar
Market value: $5.2 billion

Established in 1982, Bank Muscat operates 181 branches across Oman and two branches in Saudi Arabia and Kuwait, with three representative offices in the U.A.E, Singapore, and Iran. It has a customer base of over 2.6 million customers. In October 2023, Bank Muscat’s investment banking division managed the OQ Gas Networks’ $748 million IPO, Oman’s largest-ever IPO. In 2023, the bank recorded $35.5 billion in total assets, with a net profit of $551.8 million.