Muscat Finance Co. Ltd SAOG

Muscat Finance Company logo

Muscat Finance Company was promoted in 1987, by reputed business families and financial institutions with one objective in mind – to provide convenient financing to satisfy the needs of a growing nation. In a nascent market, as Oman was in 1987, MFC had the vision to step into unknown territory.

Today, MFC is a widely held public limited Company and has a reputation for providing well-developed professional services. The Company’s growth reflects the growth of all the clients whose hopes and aspirations it has helped to realize. It is a matter of great pride that its more than 80,000 customers have made the company what it is today. To date, the Company has disbursed cumulatively over RO. 374 million to its satisfied clientele. MFC has a national presence through its wide network of branches at Muscat, Sohar, Barka, Ibri, Salalah, Sur and Nizwa.

PRODUCT PORTFOLIO

 

Car Plan: Providing Easy Finance To A Nation On The Move
Installment purchase scheme for Corporates and Individual buyers of Automobiles

  • Fits any budget: Tailor-made repayment plans
  • Attractive Terms: Low rates and flexible down payment
  • Excellent Service: Quick approvals and impeccable service
  • Own Your Vehicle Scheme: For employees of large companies
  • Pay for use: Operating lease options for companies
  • MFC Institutionalized the concept of hire and purchase in Oman in 1987
  • The norms and procedures introduced by MFC have become the industry standards.
  • Over 39,000 satisfied customers have availed car plan

Better quality of life: Through Home Plan
Instalment purchase scheme for employees of large organisations.

  • Easy repayment: Through convenient salary deduction
  • Attractively structured: Low down payment and affordable instalments
  • No burden to employers: No financial guarantee, only salary deduction
  • An attractive employee benefit scheme: The employer list spanning major organisations in Oman
  • MFC pioneered this product in 1990
  • Over 42,000 satisfied customers have availed Home-Plan
  • More than 200 large employers offer the benefits of the Home-Plan to their employees
  • Tie-up with Oman international Bank (now HSBC Oman) and National Bank of Oman for their account holders.

Debt Factoring: Unshackling Your Growth
Receivables financing product for corporates.

  • Instant Finance: Immediate payment up to 75% of the invoices raised and the balance on payment by the customers
  • Debt Collection: Quality follow up for receivables based on the client’s strategy ensuring no loss of customers goodwill and information on potential credit behaviour.
  • Sales Ledger
  • Administration and MIS: Sophisticated computer system to maintain sales ledger, monitor collections, provide age analysis and other MIS.
  • Credit Insurance: MFC can provide payment guarantee assuring security and peace of mind to the client. The scheme is to be launched in near future.
  • MFC pioneered Debt Factoring for the first time in the entire Middle East in 1995
  • Designed to facilitate better working capital management for companies seeking growth
  • Many large and medium organisations in Oman have found this unique product attractive and MFC’s Debt Factoring is set to reach beyond the borders of the Sultanate.

Lease Plan: Flexible Way Of Acquiring Capital Assets
Finance scheme for corporates to acquire capital assets.

  • Flexible: Tailor-made to suit client’s cashflow
  • Instant Finance: Eliminates cost overruns and ensures timely project implementation.
  • Better Cashflow: Up to 100% finance, releases locked up Funds
  • Economical: The entire repayment is revenue expenditure and hence tax deductible.
  • Better financials: Off balance sheet financing improves key ratios and balance sheet presentation
  • Companies in every segment of the Omani Economy, have availed MFC Lease Plan – a proof for the flexibility and unique structure of the product
  • Disbursals to-date on lease financing have crossed RO.83 million.

Working Capital Plan: For Quick Cash Solution
Finance scheme providing working capital to small and medium sized businesses.

  • Quick solution: Immediate cash at your disposal
  • Improve profitability: Helps avail of supplier discount
  • Better marketing edge: Enables timely cash-in on business opportunities
  • Ideal for small and medium sized business enterprises.
  • Helps companies manage their working capital
  • Ideal tool to help meet daily commitment on time.

Contact Details
Muscat Finance Co. Ltd SAOG
P.O. Box No. 108, Bldg. No. 360, Way No. 41,
Rumailah Road, Wattayah,
Postal Code : 112
Sultanate of Oman
Tel. : Pilot No. (968) 24566100
Fax : (968) 24563110
Email: marketing@mfcoman.com
Website: http://www.mfcoman.com

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