THE MIDDLE EAST’S

56. Bank Muscat
Country: Oman
Sector: Banks & Financial Services
CEO: Waleed Khamis Al Hashar
Market Value: $4.9 billion
Sales: $2.2 billion
Profits: $586 million
Assets: $36.1 billion
Established in 1982, Bank Muscat today operates 191 branches across Oman, two branches in Saudi Arabia and Kuwait, and three representative offices in the U.A.E., Singapore, and Iran. The bank’s shares are listed on the Muscat, London, and Bahrain Stock Exchanges. In October 2024, it launched the Al Tharwa Investment Fund, a balanced fund investing in both equity and securities.