Description

Background:
Established in 1987 under the leadership of HE Dr. OmarZawawi
First NBFC in the Sultanate of Oman. Pioneered the concept ofHirePurchase and leasing in the Sultanate of Oman
Established by prominent business groups—Zubair, Zawawi,Towell,Suhail & Saud Bahwan, Sheikh Mohammed Rashid Al Araimi,AlYousef, etc.
Initially specialized in vehicle financing

Subsequent Developments:
Later, ventured into heavy equipment and consumergoodsfinancing
Pioneered the concept of Factoring in the Sultanate and theMiddleEast in 1996

Performance:
Consistently delivered profits every year right from thefirstyear
The company delivered increase in profits every year, except1990,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 receivedincash

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