Muscat Finance

Background:

Established in 1987 under the leadership of HE Dr. Omar Zawawi

First NBFC in the Sultanate of Oman. Pioneered the concept of Hire Purchase and leasing in the Sultanate of Oman

Established by prominent business groups—Zubair, Zawawi, Towell, Suhail & Saud Bahwan, Sheikh Mohammed Rashid Al Araimi, Al Yousef, etc.

Initially specialized in vehicle financing

Subsequent Developments:

Later, ventured into heavy equipment and consumer goods financing

Pioneered the concept of Factoring in the Sultanate and the Middle East in 1996

Performance:

Consistently delivered profits every year right from the first year

The company delivered increase in profits every year, except 1990, the year of the Gulf crisis

Declared dividend in each of the 23 years of its existence

Distributed dividends in excess of 3 times the capital received in cash