May 2026
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Largest Public Companies in Oman
Benchmark revenue and EBITDA valuation multiples for public comps like
OQ, Bank Muscat, Asyad Shipping, Sohar International Bank and Omantel.
 | OQ Exploration and Production, together with its subsidiaries is engaged in identifying, acquiring, managing, and operating interests in petroleum and other related enterprises. The company has three reportable segments as outlined below: Blocks operated by OQEP, Blocks operated by other entities, Corporate and others. | $1 | +63% | $10B | $11B | 3.6x | 4.3x | ||
| Bank Muscat (SAOG) is a banking corporation. Its business is to accept Sharia-compliant customer deposits, provide Shari'a-compliant financing based on various Shari'a-compliant modes, and undertake investment activities, commercial banking services, and other investment activities in the Sultanate of Oman. The company's service segments include Personal, Corporate, wholesale, islamic, and international banking. It generates maximum revenue from the personal banking segment which provides products and services to individuals, including consumer loans, credit cards, deposit accounts saving deposits, foreign exchange, e-banking, remittances, bancassurance, and other branch-related services. | $1 | +50% | $8B | $10B | 6.6x | - | ||
| Asyad Shipping is engaged in various activities in the logistics sector, including freight forwarding, maritime, ports, free zones and on land logistics. The company operates internationally and the subsidiaries of the company operate in Oman. | $1 | +136% | $4B | $6B | 4.5x | 9.1x | ||
| Sohar International Bank is engaged in commercial, investment, and Islamic banking activities. It operates through the following business segments: Wholesale Banking, which derives key revenue and offers loans, working capital facilities, trade financing, cash management, custodial services, treasury, investment banking, and funds management services to corporates and other institutions; Retail Banking offers individual customers various products and services, including current and term deposits, housing finance, personal loans, insurance, credit cards, foreign exchange, etc.; KSA Branch provides wholesale banking services in Saudi Arabia; Islamic Banking offers shari'a compliant banking products and services; and Head office. Geographically, the company derives maximum revenue from Oman. | $1 | +45% | $4B | $6B | 8.5x | - | ||
| Oman Telecommunications Co SAOG is engaged in the establishment, operation, maintenance, and development of telecommunication services in the Sultanate of Oman. The company and its subsidiaries operate in a single business segment: telecommunications and related services. Its revenue comprises Fixed Broadband, Mobile Postpaid, and ICT (Information and communications technology). Its geographical segments are Oman, Kuwait, Jordan, Sudan, Iraq, Bahrain, Saudi Arabia, and Others, of which, maximum revenue is generated from Saudi Arabia. | $4 | +73% | $3B | $10B | 1.1x | 3.2x | ||
| OQ Gas Network Company S A O G is a company that is the exclusive owner and operator of the Natural Gas Transportation Network in Oman by providing an indispensable link between Omani gas producers and gas consumers. It is responsible for acquiring, constructing, operating, and maintaining gas transportation pipelines, facilitating natural gas distribution from producers to consumers, and serving Oman’s Liquefied Natural Gas (LNG) complexes, oil and gas sector, power and desalination plants, industrial clusters, free zones, and other customers. | $1 | +59% | $3B | $4B | 7.1x | 17.9x | ||
| OQ Base Industries (SFZ) Co SAOG is the only integrated producer in Oman of methanol, ammonia and LPG Products, which comprise propane, butane, condensate and LPG (cooking gas). The Company is active throughout the natural gas value chain, operating three plants with a combined nameplate production capacity of 1,816 ktpa. The Company operates through two segments, Methanol Plant and LPG Plant. The methanol plant segment produces and sells methanol and ammonia products. The LPG plant segment is engaged in Producing and selling LPG products. It Generates the majority of revenue from The methanol plant segment. | $1 | +125% | $2B | $3B | 4.7x | 10.8x | ||
| National Bank of Oman SAOG is in the business of retail, wholesale, investment, and Islamic banking. Its segments include retail banking, wholesale banking, international banking, islamic baking, and funding center. The banking segments includes two premium banking segments: Privilege Banking and Priority Banking, to offer personalized services catered to the specific needs of different income groups. The bank provides asset products, liability products, investment products and products for retail and corporate customers as per the Sharia principles. Its products are accounts, cards, deposits, and loans, among others. It generates majority of its revenue from the wholesale banking segment. | $1 | +50% | $2B | $3B | 7.0x | - | ||
| Bank Dhofar SAOG provides banking and financial services. It offers products such as savings accounts, investment advisory, investment management, and treasury services. The Bank is organized into four main business segments, Retail banking, Corporate Banking, Treasury and Investments and Islamic Banking. Other operations comprise investment management and institutional finance neither of which constitutes a separately reportable segment. It generates maximum revenue from the Corporate Banking segment. The corporate banking segment incorporates direct debit facilities, current accounts, deposits, overdrafts, loans, other credit facilities, foreign currency and derivative products. | $1 | +44% | $2B | $3B | 6.5x | - | ||
| AHLI Bank SAOG provides commercial banking services and products in the Sultanate of Oman. Its products and services include Sharia-compliant customer deposits, providing Sharia-compliant financing based on Murabaha, investment activities, and providing commercial banking. The bank is organized into two operating segments, Retail banking which includes customers' deposits, unrestricted investment account, consumer loans, overdrafts, credit card, Islamic financing and fund transfer facilities, and Wholesale banking, treasury and investment banking segment which include deposits including current accounts, term deposit, loans and advances and Islamic financing for corporate and institutional customers, Treasury, Trade Finance, and Investment Banking Services. | $0 | +23% | $1B | $1B | 4.8x | - | ||
| Phoenix Power Co SAOG is an Oman-based power plant operator. Its core business activity is developing, owning, and operating the Sur Independent Power Plant, a gas-fired combined cycle power generation plant located in the Sur industrial estate with a contracted power capacity of approximately 2000 MW. The company derives its revenue from capacity charges, electrical energy charges, and fuel charges. It operates in one business segment, that of the generation of power. | -- | $1 | -- | $885M | $1B | 2.6x | 8.1x | |
| Abraj Energy Services Co SAOG is an integrated energy company. It mainly provides oilfield services such as onshore drilling, workover, flowback, well testing, healthy intervention, cementing, fracturing, coil tubing, integrated project management, drilling fluids services, and training services. It has two reportable segments: Drilling and Work Over, Well Services, and Others of which it generates the majority of the revenue from the Drilling and Work Over Segment. | $1 | -- | $870M | $1B | 3.0x | 9.1x | ||
| Ooredoo is an Oman-based company operating in the telecom industry. The principal activities of the company are the operation, maintenance, and development of mobile and fixed telecommunications services in the Sultanate of Oman. The company operates through two business segments, namely Mobile and Fixed-line. The Mobile segment is engaged in the operation of Global System for Mobile Communication (GSM) for pre-paid and post-paid services, sale of telecommunication equipment and other associated services. The Fixed-line segment is involved in the provision of international and national voice and data services from fixed line, sale of telecommunication equipment and other associated services. It derives a majority of its revenue from the Mobile segment. | $1 | +64% | $586M | $691M | 1.1x | 3.5x | ||
| National Finance Co SAOG is a financial institution. The company is engaged in the leasing business. It offers a wide range of financial products to corporate and retail customers with a key focus on Small and Medium Enterprises. The company offers vehicle finance, consumer durables finance, special schemes, equipment finance, corporate deposits, and factoring services. Thec company has three segments: Retail, SME, and Corporate. | $1 | -- | $362M | $1B | 12.6x | - | ||
| Median | $1 | +59% | $2B | $3B | 4.8x | 8.6x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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