Muscat Finance (SAOG)
1. Established in Oct 1987, under the leadership of HE Dr. Omar Zawawi. 2. Pioneered the concept of Hire Purchase and leasing and First NBFC in the Sultanate of Oman. 3. Promoted by prominent business groups— Zawawi, Zubair, W J Towell, Suhail & Saud Bahwan, Tawoos, Al Yousef, Oman International Bank etc. 4. Muscat Finance pioneered vehicle financing and enabled a significant retail and corporate penetration of Vehicle financing.
- Subsequent Developments:
1. Later, ventured into heavy Consumer Goods Financing and Equipment Leasing. 2. Pioneered the concept of Debt Factoring in the Sultanate and the Middle East in 1996.
The Company has constantly created value for its shareholders by high performance and profit growth every year (except 1990, the year of the Gulf crisis). The Company has an enviable track record of dividend payout right from its inception enriching its shareholders by providing significant returns every year.