MUSCAT: Forbes magazine ranked four Omani companies among the most powerful 100 firms in the Middle East.
Bank Muscat, Omantel, Omnivest and National Bank of Oman has been ranked in the list for this year.
According to the Forbes, the profits of Bank Muscat in 2019 amounted to about OMR 185.6 million, which is equivalent to US $482 million, and the value of its assets is about OMR 12.3 billion, which is equivalent to US $31.9 billion.
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The profits of the National Bank reached OMR 51.35 million, equivalent to US $133.5 million, its assets amounted to OMR 3.65 billion, equivalent to US $9.5 billion.
The profits of the Omantel in 2019 amounted to about OMR 299.6 million, which is equivalent to US $779 million, and the value of the assets is OMR 7.6 billion, equivalent to US $19.8 billion.
The profits of the Oman International Development Company “Ominvest” amounted to OMR 49.6 million, which is equivalent to US $128.96 million, and the value of its assets is OMR 3 billion, equivalent to US $7.8 billion.
