National Finance and Mohamed & Ahmed Al Khonji Group Partner to Extend Boat Engine Finance Solutions in Oman
National Finance, Oman’s leading finance company, has announced a strategic partnership with Mohamed & Ahmed Al Khonji Group, the exclusive distributor of Suzuki Marine Engines in the Sultanate of Oman. This partnership aims to extend boat engine finance solutions to fishermen and boat owners. National Finance is the first finance company in Oman to offer financing for those seeking to invest in boat engines, solidifying its standing as a trusted partner for growth in the country.
Streamlining the Acquisition of Cutting-Edge Boat Engines for Fisheries Industry
The alliance marks a significant step in National Finance’s dedicated efforts to broaden its portfolio and meet the unique requirements of the fisheries sector in Oman. The Boat Engine Finance solution provides customers with financing options ranging from OMR 1,000 to OMR 10,000, with a minimal down payment requirement of only 20% and flexible financing tenure options spanning from 12 to 60 months.
This strategic partnership enables National Finance to broaden its market presence by offering its unparalleled services to customers seeking the latest Suzuki Marine Engines from Mohamed & Ahmed Al Khonji outlets nationwide. Concurrently, Mohamed & Ahmed Al Khonji Group expands its product offerings by providing customers enhanced financing options, enriching the overall consumer journey.
Empowering the Fisheries Community in Oman
Mr. Tariq bin Sulaiman Al Farsi, CEO of National Finance, stated, “Our finance solutions are poised to enhance customer experiences, rendering the acquisition of cutting-edge boat engines more accessible. Recognizing the pivotal role fisheries play in our national economy and the livelihoods of fishermen and boat owners, our aim is to fortify the fisheries sector by offering streamlined and convenient solutions tailored to their needs.”
Mr. Tariq Al Khonji, CEO of Mohamed & Ahmed Al Khonji Group, stated, “Our partnership with National Finance ensures that our advanced products are more accessible, offering the fisheries sector a reliable source of financing to elevate their operations. We will continue to forge fruitful partnerships to support the growth of the fisheries sector and contribute to the economic advancement of the country.”
Diversifying Financial Solutions for Niche Segments
National Finance, as the leading finance company in the country, distinguishes itself by pioneering innovative finance solutions to support niche segments, under its Consumer Durables Financing arm. This initiative epitomizes the company’s resolute dedication to empowering individuals to realize their aspirations while contributing tangibly to the economic landscape within the country.
The fisheries sector is an integral component of the rich cultural heritage of the Sultanate of Oman, bearing profound socio-economic implications. In forging a strategic partnership with Mohamed & Ahmed Al Khonji Group, National Finance endeavours to catalyse economic advancement across the nation. By providing this bespoke finance solution for boat engines, the company aims to empower fishermen to expand their enterprises, thereby nurturing the prosperity of the marine and fisheries sector.
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