News

In a new achievement reflecting the continuous progress of the fintech sector in the Sultanate of Oman, Thawani Technologies has been listed for the second consecutive year in Forbes Middle East’s ranking of the Top 50 Fintech Companies in the Middle East for 2025. The company has made remarkable progress, advancing to rank 36, after being ranked 40 in 2024.

The Forbes Middle East ranking is a key benchmark for evaluating the leading fintech companies in the region. It is based on multiple criteria, including funding value, digital transaction volume, app downloads, user activity, impact on consumers and businesses, geographic expansion, and growth rates.

Eng. Majid Al Amri, CEO of Thawani Technologies, expressed his pride in this achievement, stating:
“Our improved ranking in Forbes for the second consecutive year reflects our ongoing commitment to delivering innovative financial solutions that meet market needs and drive digital transformation in Oman. This achievement is not just for Thawani but for the entire fintech sector in the Sultanate. It is a testament to our ability to compete and excel at the regional level.”

He added:
“We remain committed to developing and delivering advanced digital financial solutions that enhance financial inclusion in Oman. This international recognition motivates us to continue innovating and expanding our services in alignment with Oman Vision 2040, which aims to build a diverse and advanced digital economy.”

This accomplishment highlights Oman’s leading role in the fintech industry, as the country strives to foster innovation and develop digital infrastructure to support the national economy. Several initiatives have been launched to boost fintech, including:

• Developing a regulatory sandbox to support innovative financial products and services,
• Working on an open banking strategy and establishing a dedicated framework to enhance competition and innovation in financial services.

These efforts aim to increase financial inclusion, improve service efficiency, and contribute to economic growth.

This recognition is expected to attract more investments into the sector and strengthen Oman’s position as a regional fintech hub. Thawani Technologies continues its mission of providing cutting-edge digital financial solutions, leveraging advanced technologies to meet customer needs and promote financial inclusion in Oman. This achievement serves as additional motivation for the company to pursue innovation and expand its services in the future.