MUSCAT,1 July 2015 – Bank Muscat, the flagship financial services provider in the Sultanate, has topped Omani companies ranked in the Forbes Top 500 Companies in the Arab World 2015. The bank was ranked 44 in the Top 500 Companies awards which celebrated the region's corporate success. The rankings were based on financial performance as of December 2014 and featured publicly-listed companies across Arab countries.
AbdulRazak Ali Issa, Chief Executive, said: “Bank Muscat is immensely proud to be ranked again among the Top 500 Companies in the Arab World. The recognition endorses the bank's unrivalled position in Oman as well as the region, established by the global best practices. The bank is proud to consistently top Omani companies in the Top 500 Companies in the Arab World ranking. Time and again, prestigious global awards won by Bank Muscat reiterate its leadership position."
Forbes Middle East, said: “The Top 500 Companies in the Arab World are the legacy of our time. They are bringing diversification to the region's economies and carrying that success to international soil. The Top 500 is testament to an exciting time in the Middle East reflecting the passion and drive of formidable corporations."
In 2014, Bank Muscat topped Omani companies in the Forbes Top 500 ranking and in 2010, the bank had the distinction of being the only Omani company to be listed in 'The Forbes Global 2000' featuring the biggest and most powerful listed companies of the world. In recognition of banking excellence, Bank Muscat is the recipient of all prestigious foreign, regional and local awards.