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According to the classical commentators, this refers to the angels; but it is possible to understand the expression "those who are with Him" in a wider sense, comprising not only the angels but also all human beings who are truly God-conscious and wholly dedicated to Him. In either case, their "being with Him" is a metaphorical indication of their spiritual eminence and place of honour in God's sight, and does not bear any spatial connotation of "nearness" (Zamakhshari and Razl): obviously so, because God is limitless in space as well as in time. (See also 40:7 and the corresponding note [4].)
The pure angelic hosts, whom we imagine to be glorious creatures of light, high in Heavens, near the Throne of Allah Himself, are yet His creatures, and serve Him without ceasing, and are proud to do so. Such is the majesty of Allah Most High.