| Established in 1997, United Finance Company (SAOG) is the largest of the six finance companies operating in Oman with a market share of approximately 25 per cent. The company started its business with RO 5 million capital, 7 staff, one office, Zero clients or Zero business and 5 competitors with 4 being older then 10 years in 1997. In the last one decade, the company has established a niche market for itself in small and medium enterprises financing. The company has an asset base of RO 161 million, over 12,000 satisfied customers, 7 branches and 158 employees. |
The company offers a wide range of products both conventional and non-conventional finance, corporate deposits and Banc assurance. United finance has always believed in applying creativity to its work, if the product doesn’t exist create it, if it can be bettered, change it. Through this approach, united finance has earned a reputation as a finance company that can be counted on to deliver, Offering customised solutions in corporate finance or crafting a perfect deal for the customer, it is a finance company with a refreshingly different approach.
Key Highlights of United Finance Company as a corporate body > One of the finalist of the Oman's Flame of Excellence Award 2007. > Consistent growth in assets over the years. > Steady enhancement of equity capital through rights issue/private placement to augment growth prospects. > Balanced credit portfolio with risks spread amongst diversified segments of the economy. > Better visibility and avenues for expanding its capital base through cross listing of its shares on the Bahrain Stock Exchange. > Received the No 1 Finance company in Oman for 2007 by Business today in their first ever ranking of finance companies. |
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