45. Sohar International Bank
Country: Oman
CEO: Ahmed Al Musalmi
Market value: $1.19 billion
Sohar International Bank operates through a network of 30 commercial branches and nine Islamic branches in Oman. In November 2022, it established a branch in Riyadh, which is expected to be operational in 2023. In February 2023, Sohar International Bank received approval from the Central Bank of Oman for its proposed merger with HSBC Oman, which is expected to complete in the second half of 2023. In June 2022, the bank confirmed its commitment to pursue a possible merger with Bank Nizwa.