50. Bank Muscat

Country: Oman
Sector: Banks & Financial Services
CEO: Waleed Khamis Al Hashar
Market Value: $5.1 billion
Sales: $2.1 billion
Profits: $552 million
Assets: $35.5 billion

Established in 1982, Bank Muscat operates 183 branches across Oman and one branch each in Saudi Arabia and Kuwait, with three representative offices in the U.A.E, Singapore, and Iran. It has 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.