Best bank: Sohar International Bank
Sohar International Bank is Euromoney’s best bank in Oman this year. The landmark merger with HSBC Bank Oman in 2023 has resulted in substantial growth in assets, market share, market presence and workforce.
Led by chief executive Ahmed Al Musalmi, the bank saw a 62% increase in its total assets in 2023 to $17.4 billion, from $10.7 billion in 2022, making it the second-largest bank in the sultanate by assets.
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