Established in 1982, Bank Muscat operates 181 branches across Oman and two branches in Saudi Arabia and Kuwait, with three representative offices in the U.A.E, Singapore, and Iran. It has a customer base of over 2.6 million customers. In October 2023, Bank Muscat’s investment banking division managed the OQ Gas Networks’ $748 million IPO, Oman’s largest-ever IPO. In 2023, the bank recorded $35.5 billion in total assets, with a net profit of $551.8 million.