Rank: 47
Sohar International Bank
Date of Establishment: 2007
Country: Oman
CEO: Ahmed Jafar Al Musalmi
Sales: $434 million
Profits: $60 million
Assets: $9.4 billion
Market Value: $582.3 million
Sohar International operates through a network of 30 branches, while its Islamic unit Sohar Islamic has eight branches. Sohar International Bank is 15.3% owned by the Oman Investment & Finance Company and 14.5% owned by the Royal Court of Affairs. Before he was appointed as CEO of Sohar International Bank, Ahmed Jafar Al Musalmi was the CEO of the National Bank of Oman. He is also the deputy chairman of ASYAD Group and chairman of its Board Audit Committee.