16 Sep 2024

United Finance and Al Fairuz Trading & Contracting sign strategic memorandum of understanding

United Finance Company SAOG is pleased to announce the signing of a strategic Memorandum of Understanding (MOU) aimed at enhancing financial solutions for customers in the Sultanate of Oman. The MOU was signed by Mr. Nasser Al Rashdi, CEO of United Finance Company, and Mr. Adil Al Fairuz, Chairman of Al Fairuz Trading & Contracting Co. LLC. This partnership marks a significant step forward in facilitating the purchase of heavy equipment and machinery by providing tailored financing solutions through UFC. The collaboration is designed to support Al Fairuz's customers by offering accessible and flexible financing options, thereby driving growth and expanding market reach for both organizations. Mr. Nasser Al Rashdi commented, "This MOU represents our commitment to supporting businesses in Oman by providing innovative financial solutions. We are excited to partner with Al Fairuz, a company with a long-standing reputation in the industry, to offer added value to their customers." The MOU outlines the framework for cooperation between the two companies, including special financing solutions and streamlined processes for customer referrals. Both UFC and Al Fairuz are committed to working closely together to ensure the success of this partnership. This strategic alliance is expected to strengthen the market presence of both companies and contribute to the economic development of the Sultanate of Oman by supporting businesses in their growth and expansion efforts.

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