51. Omantel

Country: Oman
Sector: Telecommunications
CEO: Talal Said Al Mamari
Market Value: $1.9 billion
Sales: $7 billion
Profits: $724 million
Assets: $20.4 billion

Omantel is a joint-stock company listed on the Muscat Stock Exchange. The company has investments in more than 20 submarine cable systems and operations in seven landing stations. It was also the first company in the GCC to lay a submarine cable in Europe. In March 2023, Omantel joined the U.A.E.’s du to build a new submarine cable named the Oman Emirates Gateway linking Oman and the U.A.E. Omantel owns a 21.9% stake in the Zain Group.