THE MIDDLE EAST’S

27. Bank Muscat

Country: Oman
CEO: Waleed Khamis Al Hashar
Market Value: $5 billion

Established in 1982, Bank Muscat today operates 190 branches across Oman, two branches in Saudi Arabia and Kuwait, and three representative offices in the U.A.E., Singapore, and Iran. The bank’s shares are listed on the Muscat, London, and Bahrain Stock Exchanges. In October 2024, it launched the “Al Tharwa” Investment Fund, a balanced fund investing in both equity and securities. The bank had 3.4 million customers as of September 2024.