58. Omantel

Country: Oman
Sector: Telecommunications
CEO: Talal Al Mamari
Market Value: $2 billion
Sales: $7.6 billion
Profits: $819 million
Assets: $20.1 billion

Omantel has been providing telecommunications services in Oman since 1970. Its domestic mobile subscriber base, including mobile resellers, hit 3.18 million as of December 2023. In February 2024, Omantel partnered with Google to launch the first Google Distributed Cloud Edge solution in the META region, enabling faster data processing and reduced latency. A month later, Omantel and Amazon Web Services signed a strategic agreement to establish sovereign cloud capabilities for Oman. Omantel has a 21.9% ownership stake in the Zain Group.