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46. BankDhofar
Country: Oman
CEO: Abdul Hakeem Al-Ojaili
Market value: $1.18 billion
BankDhofar provides corporate, retail, and investment banking activities through a network of 75 branches, including 11 branches of its Islamic banking arm, Maisarah Islamic Banking Services. In October 2022, it completed the issuance of $300 million in additional tier 1 bonds by way of private placement to investors. The bank’s net profits increased by 36% in 2022 to record $91 million. It had total assets of $11.5 billion as of the end of 2022.