THE MIDDLE EAST’S

98. Sohar International*

Country: Oman
Sector: Banks & Financial Services
CEO: Abdulwahid Al Murshidi
Market Value: $2.2 billion
Sales: $1.1 billion
Profits: $260 million
Assets: $19.1 billion

As of March 2025, Sohar International provided commercial, investment, and Islamic banking services through a network of 53 commercial banking branches and 20 Islamic banking branches in Oman. The bank’s net profit grew by 42.4% in 2024 to $260 million. In September 2024, it served as the issue manager, corporate advisor, and collecting bank in OQ Exploration & Production’s $2 billion IPO, the largest in Oman. The Royal Court Affairs is the major shareholder with a 19.4% stake in the bank as of March 2025.