Bank Dhofar
Top 50 Banks in The Middle East

Rank: 41


Date of Establishment: 1990
Country: Oman
Group CEO: Abdul Hakeem Omar Al Ojaili

Sales: $600 million

Profits: $80 million

Assets: $11.1 billion

Market Value: $896 million


BankDhofar was originally established as the Bank Dhofar al Omani al Fransi in 1990. It merged with the Majan International Bank in 2002, and took its current name in 2003. Today, the bank has a network of 67 branches across Oman. The bank’s net profit increased by 2.2% in Q1 2021 to $23.4 million compared to the $22.8 million recorded in Q1 2020. During the pandemic, BankDhofar’s board of directors donated around $2.6 million to help provide necessary medical equipment and supplies.