THE MIDDLE EAST’S
66. Bank Muscat
Country: Oman
Sector: Banks & Financial Services
CEO: Waleed Khamis Al Hashar
Market Value: $7 billion
Established in 1982, Bank Muscat served 3.9 million customers through 198 branches across Oman, a branch in Saudi Arabia, and three representative offices in the UAE, Singapore, and Iran, as of December 2025. The bank reported total assets of $39.3 billion in 2025. The bank is listed on Muscat, London and Bahrain Stock Exchanges with the Royal Court Affairs as the largest shareholder holding 27.3% stake. In 2025, the bank managed 10 sovereign sukuk issuance for Oman Sovereign Sukuk Company, with a combined value of $519.5 million. The bank closed its Kuwait branch operations in 2025.