Tuesday 02 / July / 2024
Muscat: Taageer Finance, a leading financial and leasing company (FLC) committed to delivering exceptional value to its stakeholders, announces the successful repayment of its bonds issued in 2021, totalling an amount of OMR 13.3 million.
This significant milestone underscores the company’s commitment to financial stability and transparent business practices, reaffirming its position as a trustworthy investment partner.
Taageer Finance has strategically diversified its funding sources, including bank borrowings, bonds, and corporate deposits, to establish a resilient and sustainable financial foundation. Currently, the third issuance in consecutive years is open to investors as the company continues to provide investors with opportunities for growth and returns.
As a key player in the financial landscape, Taageer Finance focuses on fostering the financial growth of Small and Medium Enterprises (SMEs) and individuals, aligning its strategies with the evolving needs of the market. The company acknowledges banks as its most valuable partners, recognising the significance of collaborative efforts in achieving overall success.
Expressing his satisfaction with the bond repayment, Shahin Mohammed Al Balushi, CEO of Taageer Finance, stated, “The repayment of the OMR13.3 million bonds reflects our commitment to financial excellence. Our diverse funding strategies, ongoing bond series, and strong partnerships with banks have contributed to this accomplishment. We remain dedicated to providing our investors with exceptional opportunities and sustaining their trust in Taageer Finance.”
Taageer Finance invites investors to explore the continued opportunities it provides, backed by a track record of financial prudence, strategic growth, and a commitment to delivering value. Offering a diverse range of financial and leasing solutions, for businesses and individuals, Taageer Finance is headquartered in Al Khuwair in Muscat.
The company has an extensive nationwide network, through branches at Wattayah, Sohar, Al Kamil Al Wafi, Barka, Nizwa, Salalah and most recently Seeb. By offering customers a cutting-edge digital platform, upholding the highest corporate governance standards, implementing resilient systems and procedures, and utilising state-of-the-art technology, Taageer has established itself as a trusted ally for customers. This includes the integration of Point of Sale (POS) machines at all branches to facilitate a streamlined cashless payment process, as well as the efficient processing of customer requests through its mobile application.
