Rank: 12
Suhail Bahwan Group
Country: Oman
Sector: Diversified
Establishment: 1965
Chairperson: Suhail Bahwan
Founded by billionaire Suhail Bahwan in 1965 as a small trading business in Muttrah, the Suhail Bahwan Group today has over 30 companies and more than 7,000 employees. It operates through more than 15 business lines and represents over 100 global brands, including Toshiba, Mitsubishi, Epson. Its chemicals and fertilizers division produces approximately 1.3 million metric tonnes per year of granular urea, while its steel fabrication company produces 2,000 metric tonnes per month. The group also owns 14.7% of the National Bank of Oman. Suhail Bahwan features on Forbes’ World’s Billionaires list 2021 with a net worth of $2.3 billion.