The World Richest Arab 2013

10152

#54

Net Worth

$271 MIL

Source

Banking, Diversified

Country

Oman

Omar Al Zawawi holds stakes in a wide range of companies including HSBC Oman, Areej Vegetable Oils & Derivatives, The National Detergent, Oman Fiber Optic, and Oman Textile Mills Holding. Each of these companies is listed on the Muscat Securities Market and his stakes range from 20% to 25%. In October 2012 Al Zawawi increased his stake in HSBC Oman from 18.39% to 25%, making him one of the richest people in Oman.

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