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Fitch Ratings has affirmed United Finance Company’s (UFC) national ratings at long-term ‘BBB (omn)’ with stable outlook and short-term ‘F3 (omn)’. The ratings reflect UFC’s leading position in the Omani finance and leasing sector and consistent financial performance.

Our financial statements are prepared in accordance with International Financial Reporting Standards and these ratings are the highest assigned to any Non-Banking Finance company operating in Oman. In the Non-Banking Sector Finance sector, UFC is the only company to have received such a rating.

 L / TermS / TermFinancial Strength / Outlook
Fitch RatingBBB (omn)F3(omn)Stable

Fitch recognises the progress made by UFC in the last three years in terms of robust business expansion and strong financial indicators. Operating revenues have grown year on year, supported by rising loan volumes, high margins and good cost control.

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